07-02-2014 Trading Journal

The market held its ground today without giving back yesterday gain.

SPY_Daily

However, price is hanging round the top of the Bollinger band which may or may not signify a correction is coming.

Unlike the $SPY above, both $DMRC and $LRAD gave back some gains from yesterday.  However, bounces from $AMRN, $KGJI, and $NMRX helped lessen the blow.

$LRAD took a tumbling during the day but recovered nicely by closing bell.

LRAD_daily

Look at at the long tail in the candlestick bar.  Price is still above the 5 & 15 MA lines. Now, I need price to take out the high of $2.12 from June 19th.

$DMRC, however, reflected the opposite of $LRAD.  Instead of down day and recovered nicely, it had an up day and closed badly.

DMRC_daily

Despite today correction, the overall trend is still bullish.  Today gave back is expected when there is no news.

$AMRN bounced from yesterday down day.

AMRN_daily

Price is now trading above the 89 MA line which is important to me.  It is now only a stone throw away from the resistance at $1.74.  I believe price will just walk pass it this week.

$KGJI also bounced and price is now back inside the consolidation range.

KGJI_daily

Nothing could please be more to see this bounce here.  I’ll be even more pleased when the 8 cents dividend flow into my account by mid-July.

Both $BIOS and $ORBC were non-eventual today with a bit of a correction.

Thanks to bounces from $AMRN, $KGJI, and $NMRX, my port only lost 0.3% today.  YTD gain is now 6.9%.

Current holdings:

LRAD, DMRC, AMRN, ORBC, KGJI, NMRX, BIOS (100% invested/speculated).

From my other account:

$ENRT disappointed by taking out the support at 15 cents.  Due to my busy day, I wasn’t able to do something about the position.

ENRT_daily

I’m going to have to watch this one closely going forward.

The other three did not do too well either.  Seems like the cannabis sector is taking a break after a strong rally in the 1st quarter of the year.  Fortunately, I didn’t buy as much of these four stocks like I used to.

Current holdings:

$TWD.V, $ENRT, $FITX, $MCIG

My 2 cents.

 

 



Categories: Daily trading Journal

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