“Whew!”, that was a close call. If the bull hadn’t recovered from the morning waterfall, the DOW would have a big long red down bar.
The recovery today created a long-tail on the candlestick bar. This could be considered a bullish signal; however, it needs to be confirmed by taking out today high tomorrow.
Today, all except $DMRC made moderate gain for the day.
$CERS made a strong recovery after the bear took it down in the morning.
While looking like a doji bar, it is green color nevertheless. Today action changed the nature of $CERS behavior. Previously price action was susceptible to general market sell-off day and was rarely able to recover it. This time, not only it recovered strongly, it also took out yesterday high. It is almost like watching a young week teenager turned into a strong man with an attitude.
$NUGT opened higher and was able to close high as well.
It is now close above the ascending triangle. Let’s see if it can keep going up.
$LRAD continued yesterday upward momentum. Thanks goodness of news of additional sales of their mass notification systems. I believe these sales are just the tip of the massive ice-berg down below.
Price is now back at the top of the consolidation range. It still has a lot of work to do to get back over the 79 & 89 MA lines.
$DMRC was down a bit.
But based on the chart, it is still within the bullish framework. I added to $DMRC to round up position size.
$LEU and $UEC were up only slightly so I won’t be posting charts.
Thanks to four stocks being up with only one down, my port gained back 1.4% for the day. YTD gain is now at 14.9%.
LRAD, CERS, LEU, DMRC, UEC, NUGT and 5% cash.
My 2 cents.,
Categories: Daily trading Journal