04-16-2015 Journal- $LRAD, $CERS

What do you know!  A doji bar right next to resistance???  That is a potential topping formation if market trades down tomorrow.  And then yesterday bar may become the 3rd lower pivot high since beginning of March.

DJ-30 daily

As you can see, the 2nd lower high is going to be quite a resistance for the market to overcome.  Tomorrow we will know if the today doji bar is a pause or a top.

I got busy with $NUGT in the morning.  $NUGT opened with a bang and I added more when yesterday high was taken out.  Unfortunately, price could not hold and when price traded below the opening range, I sold $NUGT to lock in gain.  I’m aware that $NUGT can be quite volatile and temperamental; therefore, I learn to take profit as soon as I see the upward momentum is fading.  Not long after I sold, price began to breakdown below $12.00 and headed lower.  I waited for a bounce and thought I found one; but it didn’t last and I was stopped out at breakeven.  Since I’ve no intention to give the profit back by over-trading it, I decided to call it a day for $NUGT.


If price bounces off the down-slope line, I may try go long again.

$CERS took some heat in the morning but did a good job gaining back some ground before closing.


As far as I’m concerned, it is still in a bouncing mode.

$LRAD also did a good job recovering from early selling.


You can see $LRAD is trading inside a consolidation range.  At least, price had been closing near the top of the range for the last three days.

I sold $APRI today after one day hold (same as $PLAB) for small losses since I wanted to raise cash for a possible correction.

Due to minor give-back from $CERS, my port gave back 0.60% for the day.  YTD gain is now at 19.5%.

Current holdings:

LRAD, CERS and .37% cash.

My 2 cents.

Categories: Daily trading Journal

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