01-23-2015 Journal- $LRAD leading

Despite a down day on Friday, the bull fought off another bear attack.

DJ-30 weekly

The weekly chart above showed green inside bar compared to previous week and price closed above the 15 MA line.  As far as the weekly chart is concerned, it is still very bullish with price way above the 79 & 89 MA lines.

$LRAD was my only stock to close positive on Friday.  For the week, it successfully closed higher than previous week.

LRAD_weekly

From the weekly chart above, price continues to track the mini-uptrend line to the triangle point b/w the downtrend line and the lower Andrew Pitchfork line..A breakout to the upside (or downside) may happen soon; however, it.won’t take much to break out of this symmetrical triangle to the upside if there is news on sales to the Middle East cities.

$DMRC closed the week a green bar as well despite a negative close on Friday.

DMRC_weekly

Price is hovering around the uptrend line which is all good.  Even if price is not on the uptrend line, you want them to be near the line albeit below it.

Following its peer, $ORBC also closed a positive week relative to previous week.

ORBC_weekly

Price closed above the 89 MA line which is a good sign of recovering back to the middle of the consolidation range.

I’d finally let $AMRN go so I could use the fund to buy $CERS.

AMRN_weekly

From the weekly chart above, $AMRN had been trading “too” defensively for the last three weeks and this week was heartbreaking ’cause it had to defend the dollar territory and it was thought that below $1.00 was a thing of the past.  Apparently not.  Hence, when I saw the opportunity to buy back $CERS after FDA approval of its INTERCEPT blood systems for both platelets and plasma at the low $5.xx, I snapped the gift that was handed to me in a silver platter.  At first I sold about half of $AMRN to buy $CERS; but seeing price did not fall back below $5 on Friday, I decided to sell the rest of $AMRN to load up on $CERS.

CERS_weekly

From the weekly chart above, you could see this week red bar bounced back after hitting the 15 MA line and closed above the 79 MA line.  In summary, the supports of 79 & 89 MA lines are holding and a bounce may happen soon.

Thanks to $LRAD closing positive for the day, my port was able to gain 0.10% for the day.  YTD losses is now narrowed to 1.9%.

Current holdings:

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

From my other account:

I’m still holding $ARTH.

ARTH_weekly

As you could see on the weekly chart above, there is a slight upward movement on the 15 MA line.  In other words, price is climbing slowly waiting for catalyst to start the blast-off.

My 2 cents.



Categories: Daily trading Journal

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