Gaps filling or nearly filled on nearly all these. No gaps
or overextension , yet. If you want one that actually makes
money, try ARLP. Most reacting well to earnings, but
double bottom has looked inevitable. VALE d.b. here , too ,
if it comes in again, little gap below last two days.
I hold ARLP and flip a little ACI, which has range-traded
nicely, Seems ARLP is in the export market. ACI is
selling assets and retrenching, still pays div. . BTU usually
acts pretty well, lower beta, ANR looks a little bit
higher beta, haven't worked on it though. ACI appears to be
exhibiting relatively less weakness since last fall.
Coal - Major Double Bottom At Hand. VALE
Posted by cmunny on 6th of Feb 2014 at 01:20 am
Gaps filling or nearly filled on nearly all these. No gaps or overextension , yet. If you want one that actually makes money, try ARLP. Most reacting well to earnings, but double bottom has looked inevitable. VALE d.b. here , too , if it comes in again, little gap below last two days.
Vale
Posted by hazbin1 on 6th of Feb 2014 at 10:37 am
nice chart, loved the 12 support (hasnt' hit that in 4+yrs) so on 1/27 I sold feb 12 puts.
COAL CHARTS
Posted by c32y7pr8 on 6th of Feb 2014 at 08:34 am
Thank you cmunny for the coal charts. Do you have a view on ANR which is falling steeply, perhaps also to a double bottom?
I hold ARLP and flip
Posted by cmunny on 6th of Feb 2014 at 09:24 am
I hold ARLP and flip a little ACI, which has range-traded nicely, Seems ARLP is in the export market. ACI is selling assets and retrenching, still pays div. . BTU usually acts pretty well, lower beta, ANR looks a little bit higher beta, haven't worked on it though. ACI appears to be exhibiting relatively less weakness since last fall.
Thoughts on WLT? Walter Energy?
Posted by blevins76 on 6th of Feb 2014 at 09:56 am
ANR fills gap, WLT a few pennies to go at 10.09
Posted by cmunny on 6th of Feb 2014 at 10:39 am
ACI 3.87 gap ... these aren't as extended as I'd like, no climactic volume, but I would expect a rebound anyway.
WLT fillls rite there and popping, 6% intraday range
Posted by cmunny on 6th of Feb 2014 at 11:01 am
can't go wrong on trading basis
Any Questions?
Posted by cmunny on 6th of Feb 2014 at 11:18 am