Tug of war was as fun as a bunch of farmers pulling a stubborn ox out of the opium field. The ox was simply too high to move. Someone got the idea of blowing opium smoke to lure the ox. It worked! And so the market got a bit of green today.
Today was a win for the bull. But there is resistance just ahead. The bull needs to work much harder now. Meanwhile the farmers were all high from blowing opium smoke to the ox. Don’t worry, a runner was sent to gather more farmers to come to blow smoke…
$AMRN continued to move up cautiously.
You can see price is working hard to stay close to the middle Pitchfork line. So far so good and the trend is up.
Little did I know, $CERS has been playing yoyo the last few days. Up and down and up and down…
Since I hold a lesser position size than before, I don’t mind the volatility. However, if price breaks below the trend line support, I may not want to hold for the waterfall action.
$LRAD flew through an air bubble and dropped suddenly; but fortune came and price was able to float back up some.
And there is the 79 & 89 MA resistances above to behold. What is needed is some big orders news so that price will fly right thru the resistance. Yeah, that would be something to watch.
Drawdown from $LRAD and CERS were easily countered by gain from $AMRN; thus my port was able to gain 0.10% for the day. YTD gain is now at 18%.
LRAD, AMRN, CERS and 32% cash.
My 2 cents.
Categories: Daily trading Journal