The market held its ground today without giving back yesterday gain.
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.
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.
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.
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.
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%.
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.
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.
$TWD.V, $ENRT, $FITX, $MCIG
My 2 cents.
Categories: Daily trading Journal