Boo Ya! As predicted from the 79 & 89 MA support lines, the market bounced nicely.
Look how the price bounced cleanly from the 89 MA line. Magical!
It was as if my four positions have an unwritten agreement to take turn supporting my port. $DMRC led the team by bouncing nicely with news.
From the chart, price is now above the 79 & 89 MA lines. In summary, the uptrend line is still very much intact. Pretty soon, Digimarc will showcase growing retail industry support for Digimarc(R) Barcode and Digimarc IDs at the NRF 2015 starting this coming Saturday, Jan 10th. Furthermore, Digimarc will reveal the nationally recognized retailer that is already implementing the Digimarc Barcode throughout all of its locations at the NRF show. I’m expecting some spike up in price starting Monday.
Next in line is $AMRN who also bounced today.
While not spectacular in the chart, at least, today bounce stopped the bleeding to the downside. Notice the 5 MA line crossed over the 15 MA line today.
While $ORBC barely made it back to positive; it was still a good showing to come back from the low to close near the high of the day.
Let’s see if momentum is there to bounce harder tomorrow.
After supporting the port for the last two days during the general market drawdown, $LRAD finally took a break and passed the baton to $DMRC.
It was only a small give-back while waiting for news.
Thanks to rally from $DMRC and $AMRN, my port was able to gain back 0.6% for the day despite a down day for $LRAD. YTD loss is now narrowed down to -0.2%. Basically, I’m back to breakeven.
LRAD, DMRC, ORBC, AMRN (100% invested/speculated).
From my other account:
I bought back some $AGEN for the bounce. I’m still holding $ARTH. And my dividend stocks Vitacig from $MCIG finally show value in my broker account. The new symbol is VTCQ.
My 2 cents.
Categories: Daily trading Journal