12-23-2013 Trading Journal

Market continued to move higher today. One more day of convincing nonbelievers that X’mas rally is for real.

But in my case, my portfolio had a Santa and a nonbeliever working together today; one cancelled the other.

$LRAD, $KGJI, and $AMRN (nonbelievers) corrected but thanks to $INO, $XONE, and $KNDI (Santa), my portfolio was practically unchanged.

$KGJI gave back a chunk of gain from Friday but at low volume; thus, this one still had a lot of nonbelievers to work off.

KGJI_daily

Notice that price landed right on the 89 XMA line. I like to see price bounces back up tomorrow.  Since $KGJI is a fairly large position, the give back is substantial.

Fortunately, $XONE bounced hard today.

XONE_daily

Notice how price action took out the previous pivot-high from Dec 4th at $57.65.  This is a very bullish bounce.

$INO also had a strong breakout today.

ino_daily

Notice how price action took out TWO resistance lines today- one from Nov 25th at $2.24 and $2.38 from Oct 8th.

Although $KNDI was up today, it was still struggling to stay above the downtrend line.

KNDI_daily

Price still stays above the 15 MA line and the 79 & 89 are still pointing up; so the overall trend is still up.

$AMRN was down today but this was to be expected after a big 25% up day from last Friday.

AMRN_daily

Price is still above the Friday low which I see at a positive sign.

Meanwhile, $CERS continued to march ahead.

CERS_daily

Price is now closing above all MA lines.

$LRAD correction today confirms that it is now in a consolidation phase b/w $2 and $1.8x waiting for news to bounce.

LRAD_daily

Any big order news from China will drive this one up over $2 very quickly.  Meanwhile, patience is required.

$GALE is also consolidating in a tight range b/w $4.20. and $3.85.

Gale_daily

Notice how the 5 MA line is beginning to turn up.  Let’s see if there is a bounce this week before the year end.

Since I believe in $TINY to be relevant only in 2014, it is still worthy of mentioning here.

TINY_weekly

Based on the weekly chart,above, today bounce may signify a bottom here at around $3.00.

While my portfolio is at breakeven point today, the underlying strength is strong in my opinion.  Thus, I’m looking forward to the weeks ahead.

Current holdings:

LRAD, KNDI, KGJI, CERS, INO, XONE, GALE, AMRN, TINY (fully speculated)

My 2 cents.



Categories: Daily trading Journal

Tags:

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: