02-21-2014 Trading Journal

The market reached out to the resistance level but dropped back down to close almost at neutral.

SPY_Daily

However, by looking at the daily chart above, price is still within the upper range of the consolidation area; therefore, for all intent and purpose, the bias is till on the upside.

Meanwhile, my port also had a minor correction mainly due to $KNDI and $SEED,  Bounces from $MZOR, $HALO, and $CERS helped reduced the correction to a minimum.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, MZOR, HALO (fully speculated).

From the other account:

$FITX was holding its ground for the weekend open house.  Based on what I read so far, seemed like the meeting went well.  Pictures of the planned building(s) looked good and promising.  There may be a gapped up tomorrow.  If not, I’ll be adding more to take advantage of the inert moment.

FITX_daily

From the daily chart above, it is possible that tomorrow price action will take out the resistance of $0.1149 easily.

My 2 cents.



Categories: Daily trading Journal

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