01-27-2014 Trading Journal

The market was down today but settled right on the major support areas.

SPY_Daily

See how the price closed directly on the blue support line and the 79 & 89 MA lines?  If price bounces from here, there is a good chance we are going back up.

$GALE traded below Friday low and I sold to take my small losses.  Good thing I did ’cause price fell apart after I sold.

Gale_daily

See how price bounces off the support (blue line) near  $4.7x area?  I’m definitely looking to buy back at the low $5 area when cash is free up.

$KNDI continued to correct but somehow I wasn’t worried at all.

KNDI_daily

Price did bounce off the $11 support.  If you look at the chart, price closed only a bit below the consolidation range.  I can see it climbs back into the range tomorrow or later this week.  Still holding long and strong.

$KGJI was the shining star today when everyone else were down.

KGJI_daily

Price actually closed back above the support line which was encouraging.

$ATOS could not continue the rally so I’m going to have to keep an eye on this one.

atos_daily

Price closed right on the 15 MA line.  Since I did not spend too much time on research $ATOS, my conviction is not solid; thus, If price takes out Friday low, I may have to cut and run.

Currently, I’ve three positions that I will not attempt to market-time (aka swing trade); $LRAD, $KNDI, and $KGJI.  I’ve absolutely full conviction on this three stocks for long-term gain so I’m not going to trade these.

Current holdings:

KNDI, LRAD, SEED, KGJI, ATOS, CERS, TINY and 7% cash.

Worthy to mention:

$PHOT, against the herd, climbed higher today!

phot_daily

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: