Up and away and watched the bull galloping up the hill to new horizon…
The further the DOW moves away from the support, the better is the position on the bull. Thus, any coming corrections should have enough room to gyrate around and not break thru support. Oh yeah, you can count on corrections, they are as normal as breathing air. The important point is that the bull make a mad dash to the upside to leave plenty of room for correction without taking out the support. This will allow breathing room for the bull to go back up to make new high again and again. The way it has been doing for the last six years. Go bull go!
$TINY made a strong spike up before giving back about half of the gain.
And yet, the price closed at a new high since the low in mid-October of last year. Something is brewing at $TINY and it could be the rumor of having four private investments in $TINY’s holding going IPO this year. I’m more interested in the D-Wave Quantum computer company $TINY owns a piece of. If this quantum computer is working as claimed, we are talking about revolutionizing computer technology to a totally new level. The science fiction of artificial intelligence is not too far away from here with quantum computer as the computing base.
$LRAD, $CERS, and $AMRN all corrected a little bit and their charts did not show any major change in direction; so I’m not going to put up charts for them today.
Due to minor corrections on three stocks over one, my port gave back 0.3% for the day. YTD losses is now at 1.6%.
LRAD, CERS, TINY, AMRN and 7% cash.
My 2 cents.
Categories: Daily trading Journal