02-19-2014 Trading Journal

Today was a resting day.  The bull deserved it since it ran hard the last two days.

SPY_Weekly

From the weekly chart above, The bull is still in charge.

Today my port suffered a delayed correction.  $DMRC took a big hit with  waterfall action the whole day.

DMRC_weekly

While it looked ugly with today waterfall action, the weekly chart above showed that the bear hasn’t taken over yet.  The short-term trend is still on the upside with support of 79 & 89 MA lines still below current closing price.

With no news, $LRAD did not fair well for the week either.

LRAD_weekly

Price fell from last week.  But from the weekly chart, price is still trading above the lower Andrew Pitchfork line and way above the 79 & 89 MA lines.  In other words, the overall trend is still bullish.

$ORBC gave back some gain made in the week.  The result is a weekly doji bar.

ORBC_weekly

As long as price still stays above the 79 & 89 MA lines in the above weekly chart, I’m satisfied.  This one requires a lot of patience since the closing of SkyWave acquisition needs to be approved by gov’t agency and the launching of the eleven state-of-the-art satellites will happen in the first quarter of 2015.

$AMRN closed higher today to end the week in a good note.

AMRN_weekly

We have a good weekly green bar with higher high and higher low.  Volume was also higher than the previous three weeks.  With weekly script numbers exceeding 10,000 starting this month, I’m comfortable holding my positions going forward.

Due to the severe drop of $DMRC along with corrections from $ORBC and $LRAD, my port gave back a whopping 4.2%.  YTD gain is now at 8.9%.

Current holdings:

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

Still holding $MCIG with my other account.

My 2 cents.



Categories: Daily trading Journal

Tags: , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: