05-22-2014 Trading Journal

The bear tried to slam the ball back to the bull but hit the net instead.

SPY_Daily

Thus, the bull continued onward today and is outside the consolidation range once again.

I’m not sure if I’m obsessing with $AMRN or simply sensing that a bottom is about to set in.  The fact that I’m still taking Vascepa everyday for the last 15 months straight may have something to do with my continued interest in $AMRN.  In a subtle way, my body welcomes the Vascepa intakes and I’m feeling good taking it. So that is that.

AMRN_daily

Price looks like it may bounce from here.

$DMRC bounced back up from the 89 MA line!  If you haven’t caught on to the magical power of the 79 & 89 MA lines by now reading my journals, you are missing the picture here.  Granted that it is not 100% guaranteed to bounce from these two MA lines, but the probability of the bounce is so strong that you are skipping over a powerful tool if you don’t incorporate it into your trading system.

DMRC_daily

Today bar can be called a bullish engulfment candlestick pattern.  Let’s see if momentum can continue upward from here.

Despite a strong bounce from $DMRC, continued corrections from $LRAD and $KGJI ate away some of the gain.  Thus, my port only gained 0.77% for the day.  YTD gain is now about 6.4%.

Current holdings:

LRAD, DMRC, SVBL, KGJI, SEED, AMRN, FSLR, CLDX and 9% cash.

From my other account:

$FITX continued higher after forming the strong bullish engulfment bar yesterday.  This is a good sign.

FITX_daily

Let’s see if it can continue the momentum tomorrow.  Nevertheless, we need to hear about the licensing approval soon or the price may start to drip back down.

My 2 cents.



Categories: Daily trading Journal

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