05-21-2015 Journal- $LRAD, $SLW, $ABX, $LEU, $NUGT, $AKAO

Not bad, not bad at all!  Instead of going down like I thought it would, the bull just kept moving up albeit a bit slow.

SPY_Daily

Can it close the week green?  The bear has only tomorrow to turn the corner with a big down day.  What is the likelihood of that happening?  While I only stocked up on precious metals to prepare for the market calamity in my main portfolio, I have a small short position on the e-mini SP500 in my other trading account that is taking in a bit too much water.  Hmmm… I think I give it another week.

I bought back some $NUGT in the morning when there was an attempt to bounce up.

NUGT_daily

Price is hugging the lower line of the Pitchfork pattern.  Will it bounce tomorrow?

I also added to $ABX when price was bouncing back up from lower ground.

ABX_daily

The bar practically bounced off the 79 MA line.

I added to $SLW as well.

SLW_daily

Here is a doji bar at the support.  I say the probability of a bounce is strong from here.

I opened a new position today with $AKAO, a biotech stock.

AKAO_daily

After looking at the chart, I can’t help buying ’cause I could feel the “vibration” of a simmering bull ready to explode.  Don’t mind my feeling, it is often wrong as it is right.  I only bought a starter position; if tomorrow is another good day, I may add more.

Both $LEU and $LRAD bounced back after falling off some in the morning.

Thanks to positive closings on $LRAD and $ABX, it was enough to offset drawdown from others to squeeze out a 0.20% gain for the day.  YTD gain is now at 14%.

Current holdings:

LRAD, SLW, ABX, LEU, NUGT, AKAO and 33% cash.

My 2 cents.



Categories: Daily trading Journal

Tags: , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: