The market rallied back up inside the previous consolidation range.
It is looking good from here.
Today, three of my six stocks staged strong rally of over 6% with $AMRN leading at 11.5%, $LRAD at 8.3%, and $HYGS at 6.7%. In term of dollar gain, $LRAD lead with $HYGS second, and $AMRN third simply because $LRAD is my largest position with $HYGS being the 2nd largest.
$AMRN, for some reason, was rallying hard with no news. Maybe somebody knows something…
Price broke out of resistances that went back from May to July. This is very positive for the bull.
$LRAD went over the upper bar of the Andrew’s Pitchfork which was a very powerful move.
Next resistance is the Aug 2011 high at $3.36. The above is the weekly chart.
$HYGS broke out of its recent mini-consolidation range.
Price looks good to move on to $28+.
These three positions helped my port gained an astounding 5.5% in one day. YTD gain is now at 14%.
LRAD, HYGS, DMRC, STV, AMRN, and ORBC (100% invested/speculated)
My 2 cents.