05-13-2015 Journal- $LRAD, $CERS, $LEU, $UEC, $DMRC, $NUGT

It was an ho-hum day. The bull seemed to run out of gas for the moment and so was the bear.

DJ-30 daily

Price is still above the lower Pitchfork line as well as above the 79 & 89 MA lines.  So, it is still bullish overall.

$NUGT gapped up and rallied a bit more before spending a lot of time at the $13.3x – $13.4x area.  Seeing that the price was trading at the resistance level formed by the formidable 79 & 89 MA lines, I decided to sell my position to lock in profit for I know too well how quickly $NUGT can take back your unrealized gain.

NUGT_daily

Even by closing bell, $NUGT is still banging against the 79 & 89 resistances.  If it can break out of that resistance, I may jump back in..

$UEC has another fantastic day.  With all other uranium going up, $UEC went even higher.  It is almost like a 3X ETF on uranium stock.  Just look at $URA, a real uranium ETF with 3.48% gain for the day; meanwhile, $UEC gained 9.76%.

UEC_daily

I like to see price takes out the $2.88 previous high resistance; otherwise, it may turn into a double-top resistance.

$DMRC also had a fantastic day. I guess Digimarc presentation at the B. Riley & Co. 16th Annual Investor Conference today wowed some investors.

DMRC_daily

Price is now trading at the upper line of the Pitchfork.  The other added benefit of today rally is that price is now on top of the 79 & 89 MA lines.

$LEU is the only uranium stock I know that doesn’t go up today.

LEU_daily

From the look of the chart, despite today down day, it still has a bullish framework around it.  Everything seems to be pointing up.

$CERS had a minor correction today.  I think it is a well-deserved rest.

CERS_daily

Despite a down day, price is still trading on top of the 79 & 89 MA lines as well as 5 & 15 lines.

$LRAD inched ahead.

LRAD_daily

Price is still fall short of taking out the 79 & 89 MA resistance.  It still has work to do.

Thanks to fantastic rallies from $UEC, $DMRC and $NUGT, gains more than offset the two losses to allow my port to gain back 1.5% for the day.  YTD gain is now at 16.4%.

Current holdings:

LRAD, CERS, LEU, UEC, DMRC and 9% cash.

My 2 cents.



Categories: Daily trading Journal

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