Today was a bounce day.
The bear did not have a chance.
I’m getting a lot of vibe for $ORBC. I’m getting a feeling this one will be a runner soon. Despite having a negative opening, I bought more with the remaining cash in the morning.
Good thing for me that price bounced later in the day. If tomorrow price can take out today high, I may add more with cash from sales of $TIBX.
I sold $TIBX ’cause the chart was not encouraging.
Price traded below yesterday low and the rally that took out the inside bar high failed. Thus, I sold with the eye on more $ORBC. Unfortunately, the three day settlement rule prevented me to utilize the cash from the sale of $TIBX today since I bought it this Monday.
$DMRC bounced nicely today.
Price is now trading above the 15 MA line.
$AMRN continued to advance.
There is only two resistances before the trend can be called a possible start of a bull trend. First. the 89 MA line needs to be breached. Afterward, the high of May 2nd at $1.74 needs to be taken out. Look to me we may have a shot at hitting those two resistances this week.
Thanks to $DMRC and $AMRN, my port was able to gain back 0.8% for the day. YTD gain is now 5%.
LRAD, DMRC, AMRN, KGJI, NMRX, BIOS, ORBC and 2%.
From my other account:
Still holding $ENRT, $TWD.V, $MCIG. They don’t seem to move much these days.
My 2 cents.
Categories: Daily trading Journal