12-08-2014 Trading Journal

Is this a replay of last week?  Down Monday and then spend the rest of the week to climb back up?

SPY_Daily

Price bounced back some from today drop to close next to the 15 MA line.  We may see a continued drop from here if the 15 MA line support could not hold.   Last Monday low is the next support.

Like everyone else, my port took a hit today with three down and one up.

$LRAD fell back from the 89 MA line.

LRAD_daily

Price was trading in sympathy with the general market.  Weaker hands decided to bail or people were simply selling to take tax losses.

$DMRC was holding well despite a negative market.

DMRC_daily

Price bounced off the 5 MA line which was a very bullish sign.

$AMRN practically gave back all gain above $1.00.  I’m feeling like an idiot watching my profit disappear once again knowing full well this could happen.  Oh well, this is why holding long-term can be hard.

AMRN_daily

The positive thing I can see on the chart is that price is now approaching the 61.8% Fib retracement level.  Let’s see if this and the $1 can hold as support.

As discussed before, $ORBC is a waiting game until the SkyWave acquisition is finalized and that their eleven new satellites are launched.

ORBC_daily

Price is still holding at the 79 MA support line.

Due to big drawdown from $LRAD and $AMRN, my port gave back 2.9% with YTD gain at 9.7%.

Current holdings:

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

My 2 cents.



Categories: Daily trading Journal

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