Sunday, April 27, 2014
$BTU
Scaling my short up. Cost average is fine and daily and hourly MACD is falling. Green volatility on all but the 15 minute.
Thursday, April 24, 2014
$BTU
MACD swinging down. Missed on earnings. Shorted with scaling plan two times today. Energy sector was up today. Lots of negative reporting, including an article from the Street today.
Tuesday, April 22, 2014
$BTU
Shorted for third time. Looking for a drop to the bottom of the BB. Coal company (forget name) down 8% on poor earnings today which only boosts confidence. This baby likes to go to the bottom and top of the BB.
$SNTA
The beat goes on. Upcoming earnings. I shorted twice more on today's rally. Although pharmaceutical companies are notoriously unpredictable I still see a downtrend. I decided not to fight the trend. I used to trade AMRN and that taught me to quit beating my head against the wall and trust the trend. I'm waiting for a n eventual swap to the long. Nice volume buzz in the AM of over a 100%.
Monday, April 21, 2014
$FTR
Closed my long position at 5.90 from 5.64. Hourly chart turned negative. Looking for correction back to 20 day. I have not shorted a third time and would prefer exiting my short at a break even since the money is small.
Thursday, April 17, 2014
Thursday, April 10, 2014
$BEBE update
Quick update. Closed my $BEBE short position at 5.99. Have made $3000 for the year with her. Closed because I felt the risk/reward had reached the greedy side. Also, the 2 day had the MACD on its 3rd day in the red, so it was running out of steam in those regards.
Wednesday, April 9, 2014
$SNTA
Stop, drop, and roll because $SNTA is on fire. However, with no news and the fact that it's still in an obvious downtrend I shorted it again. Red Volatility. Low volume. The chart merely shows my upcoming full long position when it is ready for a swap.
Monday, April 7, 2014
$WWE
22.70 is the next support according to Jesus Navarrete this morning. I'd agree with him, especially since he saw 24 coming without needing to consider anything about subscribers to WWE Network. Good money today! Update : Covered 22.70 for about 20% profit.
Thursday, April 3, 2014
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