It was not a good day today. The bull was doing well most day until it tripped over the bear leg and tumbled down the hill top…
Price broke out of the 79 & 89 MA lines to the downside. This weaken the bull resolve; however, there is one more support at the mid-December low. Let’s see if it can bounce from there.
$CERS was able to close positive today despite a big down day. Seeing $CERS was rallying while $ORBC dropped again in the morning, I sold the rest of $ORBC to buy more $CERS. I also added a bit more $DMRC and bought $TINY.
However, $CERS did give back some gain before the close. Price is trading above the 5 MA line while it is curving up which is a good sign.
$DMRC, while down, still managed to stay above the uptrend line and the 79 & 89 MA lines.
A bounce from here will be good news.
I bought back some $TINY with the proceed from sales of $ORBC. Price was bouncing up and I wanted to get back in to see if this gradual uptrend movement since last October can continue onward and upward.
I like the fact that price is now trading above the 79 & 89 MA lines. Price also closed above the 5 & 15 MA lines as well.
$LRAD suffered a blow when someone unloaded a big block in the late afternoon.
Price penetrated botht he 79 & 89 MA lines to the downside. However, it is not over yet since price is still trading above the mini-uptrend line.
Due to losses from $ORBC and $LRAD, my port gave back 2.3% today with YTD also at losses of 2.3%.
LRAD, DMRC, CERS, TINY (100% invested/speculated).
My 2 cents.
Categories: Daily trading Journal