Ever so gently, the bull ignored the southern wind and trotted ahead anyway.
It is definitely a neutral week so far.
Today is the correction day for my port. All positions except $AMRN were down.
$LRAD pretty much gave back yesterday gain.
Price is still finding support at the 79 & 89 MA lines.
$DMRC also gave back gain from two days ago.
Price is now consolidating above the Fib 21.6% retracement level.
$ORBC correction was more gentle than the others…
While down, it is still a bar with higher high and higher low.
$URA had the worst of the four down position.
While it was tame yesterday, today was anything but tame. It was brutal. Price broke below the 79 & 89 MA lines and is now heading to “fill the gap” from three days ago. Since I wasn’t watching the market during the day, there was nothing I could do. If uranium spot price continues to stay high, I will hold on to this a bit longer. While I gave back a chunk of gain, I’m still in the money for now.
$AMRN stood alone with a gain in my port.
I put the remaining 0.8% cash into $AMRN when it opened higher. It is looking good so far.
Due to corrections all around, my port gave back 3.5% (practically all of yesterday gain plus some). YTD gain is now at 12.3%.
LRAD, DMRC, ORBC, URA, AMRN (100% invested/speculated)
My 2 cents.
Categories: Daily trading Journal