30 Jun 15

Rough Market. Gonna keep position sizing small until the market goes one way or the other from here. Played DSKX today, should have taken profits when it double topped 2.55ish, but had small position so I let it ride and turned it into a small loss. Watch list may go out the window. If futures are down I'll be looking for stocks that are spiking and watch for potential fades and shorts. Just because it's up doesn't make it a short, will be watching weakness and backside shorts. I'll be trading very scared today/this week.

DSKX - Nothing more than a possible dead cat bounce. Weak open 2.11ish find support and bounce.

LAYN - reactive trade. Had nice range today. Watching for weak open 8.94 (pending price action) to pick up long and re-test 9.75. Previous earnings winner. Opened at 8.52 with a 10.51 high. 9.75ish possible resistance

CLD, BTU, ACI, ANR - all coal industry stocks. May see some energy sector stocks move also. Coal stocks moved today on Supreme Court ruling striking down some EPA legislation. CLD and BTU had the best reaction to the news, see if it trickles down to ACI and ANR both under .50. All 4 on watch. All have been crushed over the past 1-4 years. These are the 4 tickers listed in the video. http://finance.yahoo.com/video/coal-stocks-rally-ruling-171700520.html

 

Good luck,

Hoop