Market continued higher but is now trading against the resistance from previous high.
Can it make new high again or will it trade back down? Stay tune for tomorrow.
Despite higher market, my port continued to get hit by correction. Only $LRAD was able to stay up for the day.
News was out that $DMRC will release 2nd qtr earning next Wednesday and a conference call is scheduled for the same day as well. The moment of truth will be my doing or undoing next Wednesday. Reading between the fine lines on the news:
“…and provide an update on market conditions and execution of strategy”
So there is an “execution of strategy” in motion. I like the sound of that. Am I grasping at straw here? Maybe or maybe not. Next Wednesday will be judgement day.
$ORBC tried to hit resistance and failed once again.
From the chart, price is still following the uptrend line. Notice the volume was lower today compared to yesterday.
$STV is still trading near the support.
While it was down slightly, I still hold strong conviction on this one. Perhaps, I need $STV to replace $KNDI as the rising star. Missing $KNDI recent run is like missing the bus. There is always another one coming. It can be one or several of my seven stocks in my port.
Let’s see if the uptrend line can be a good support.
Thanks to $LRAD up day, it helped cushion the loss on my port to 0.5%. YTD losses is now -2.7%.
LRAD, DMRC, HYGS, STV, KGJI, ORBC, AMRN (100% invested/speculated)
From my other account:
$FITX gave back much of the gain from yesterday. Oh well,..
My 2 cents.
Categories: Daily trading Journal