Market opened neutral and proceeded to dive under water during the day; however, a late afternoon rally rendered the day neutral even though DOW was down 42 points.
$AMRN price action was behaving poorly so I had no choice but to dump my swing trade position. As price continued to head south, I reduced my core position by 50% with the hope of buying them cheaper later in the week.
I came upon $INO and $ISIS and decided to buy a small starter position to test the water. Price corrected after I had bought; since the positions were small, I would give it room to breath.
$TSLA had a climax run at the open but price quickly corrected. Seeing a potential bearish candlestick in development, I bought July put option to short. If it doesn’t follow thru tomorrow with a down day, I will cover.
$ATRS staged a late rally toward the closing bell and I joined in the rally buy adding more.
$BIOD continues to head higher so it looks good for now.
LRAD, BIOD, TINY, CLIR, ATRS, AMRN, CERS, KOOL, CUR, YNDX, ISIS, INO and 19% cash.
Categories: Daily trading Journal