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…
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.
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.
Price is now about to break out of the downtrend line to the upside.
$CERS was hit by selling pressure all day.
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%.
LRAD, CERS, DMRC, TINY (100% invested/speculated).
My 2 cents.
Categories: Daily trading Journal