09-11-2014 Trading Journal

These days, the market is acting like a basketball on a tub of water.  No matter how hard the bear pushed it down, it would pop right back up.

SPY_Daily

Another green bar to close the day.  Now, can it close above the 5 & 15 MA lines tomorrow?  Look like the 5 MA line is about to turn back up above the 15 MA line.

Today, three stocks were up with two down; but due to a steeper drop by $AMRN, my port dropped 0.7%.

AMRN_daily

Price dropped and touched the 89 MA line before bouncing back up.  At this stage, as I’ve mentioned yesterday, it doesn’t matter if price is at $2.30 or $1.81; what matter is what the FDC decides.  Unless you are a short-term trader, today plunge makes no difference.

$DMRC continued to bounce.

DMRC_daily

Thanks for that ’cause it helped cushion the $AMRN drawdown.  With a bullish engulfment bar yesterday and a follow-up rally today, the probability of a bottom increases another notch.

$ORBC also climbed back near the 79 & 89 MA lines.

ORBC_daily

If they can move above those two lines, then $ORBC will be in good shape.

With $DMRC and $ORBC gains cushioned against $LRAD and $AMRN drops today, my port gave back 0.7%.  YTD gain is now at 11.7%.

Current holdings:

LRAD, HYGS, DMRC, ORBC, AMRN (100% invested/speculated).

From my other account:

Still holding $FITX, $LRAD, $CLDX, and $AMRN Jan 2014 $2 call option.

My 2 cents.



Categories: Daily trading Journal

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