04-29-2015 Journal- $LRAD, $KGJI, $LEU

Albeit a down day, it was more like a neutral day to me.  The bear didn’t really win much today.

DJ-30 daily

Price rallied some after the Fed meeting and it was able to close above the 15 MA line.  Not seeing a melt-down, I dumped my $TZA to lock in gain not long after the Fed meeting.  While I gave up some dough by getting out early, it was the right thing to do at the time.

$NUGT was up strong until the Fed meeting. When price dropped below $13, I sold my position to lock in gain. Hindsight speaking, I sold too soon; but then it could drop pretty quickly too if the bear had its way.


Seeing that price dropped from the converging 79 & 89 MA lines right before the Fed meeting was over, I realized it is a strong resistance.  Thus, I’ll probably wait to see how price reacts to the resistance before deciding if I want to get back on this horse.

$LEU corrected a bit today.


After almost a dollar move from 7 days ago, it is quite normal to take a breather.  I’m still holding.  In fact, I added more today.

$KGJI had a yoyo day but price still closed a bit higher which is good enough for me.


It was another doji with long tails on both end. Not sure if this can be a possible topping formation but I’ll find out soon.

$LRAD bounced higher to close above the previous consolidation range.


It is a good sign but price still needs to climb over the 79 & 89 MA llines to get back on bullish territory.

Thanks to rallies from $LRAD, $TZA, and $KGJI, gains were enough to offset drawdown from $LEU to squeeze out 0.60% gain for the day.  YTD gain is now at 18.7%.

Current holdings:

LRAD, LEU, KGJI and 39% cash.

My 2 cents.

Categories: Daily trading Journal

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