After a good rest, the bull marched onward.
Price is now above the 89 MA line. It needs to go higher to take out the 79 MA line.
Today, I bought back $AMRN but missed $INFN. I did not want to chase a higher open ($INFN) and had waited for a retracement that never came.
However, my two largest positions were doing fantastic- $LRAD and $DMRC.
Below is the $DMRC daily chart:
Price finally broke out of resistance that began in early August. By doing so, price also took out the 79 & 89 MA lines. Chart looks very good for a continuing rally from here.
$LRAD also took off from support.
Price bounced off from the 79 & 89 MA lines and took out the 15 MA line as well. All is waiting for the large order of the mass notification system from one or two of the Middle East cities. When good news come, this one will pop hard.
What can I say, I missed this beautiful gap up $INFN trade.
By not chasing it in the morning, I missed the follow-thru run. Instead I went to buy $NUGT again and got stopped out. Thinking back, the risk of chasing $INFN may be less risky than catching a falling knife on $NUGT. I need to remember this lesson next time.
$ORBC was disappointing today ’cause it went down. $AMRN was practically breakeven although it dropped slightly.
Thanks to $LRAD and $DMRC, my port gained back 3.7% today with YTD gain at 8.3%.
LRAD, DMRC, ORBC, AMRN and 9.8% cash.
From my other account:
I added a bit more $MCIG.
Price is beginning to form a bottom with an inclination to move higher.
My 2 cents.
Categories: Daily trading Journal