12-01-2014 Trading Journal

Uh Ohh… a down day after so many up days…

SPY_Daily

but then price is still above the 15 MA line.  Just a minor correction is all there is for now.

A BIG UH OHH… for my port is in order.  Three out of four were down over 5% for the day.

$LRAD broke thru the 89 MA support line.

LRAD_daily

While this is not good for now, there is still chance for the price to bounce back above the 79 & 89 MA lines.  I don’t want to see price head much lower from here.

$ORBC also fell off the cliff.

ORBC_daily

Looked like the $6.75 area is a hard resistance to break out of..  In two days, price gave back gains that took two weeks to build.  Since this is a long-term hold, I’m going to have to accept the volatility.

$AMRN also fell off a bit.

AMRN_daily

Again, the 79 & 89 proved to be a tough wall to break out of.  I like the fact that the 15 MA line is heading up to meet the price, hopefully, as a support for the next bounce up.

Thanks goodness for $DMRC since it was able to hold the ground.

DMRC_daily

It was actually important that it held its ground today ’cause price is already below the 79 & 89 MA lines.  I don’t want to see price moves further down since I want price to bounce back up above those two lines.

Just like that, my port gave back 5.1% today with YTD gain now at 7.1%.  Let’s see if there is a bounce tomorrow.

Current holdings:

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

My 2 cents.



Categories: Daily trading Journal

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