02-09-2015 Journal- $LRAD leading

Here we go again… Are we repeating the pattern of Red Friday preceding a down week?  There are still four more days in the week to negate that pattern…

DJ-30 daily

At least, price is still on top of the downtrend line as well as the 79 & 89 MA lines.

$LRAD started off the morning fighting off selling pressure but eventually made its way back to positive territory.

LRAD_daily

Price closed above the 79 & 89 MA lines which is very good.  Now let’s see price bounce from here.

$DMRC, while down a bit, is practically neutral for the day.

DMRC_daily

Price is now about to break out of the downtrend line to the upside.

$CERS was hit by selling pressure all day.

CERS_daily

As long as price is still above the 79 & 89 MA lines, the bullish bias is still intact.

$TINY was even for the day.

Thanks to $LRAD rallied to the close, it reduced the drawdown for the day to 0.3%. YTD losses is now at 1%.

Current holdings:

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

My 2 cents.



Categories: Daily trading Journal

Tags: , , ,

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