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.
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.
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.
The bar practically bounced off the 79 MA line.
I added to $SLW as well.
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.
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%.
LRAD, SLW, ABX, LEU, NUGT, AKAO and 33% cash.
My 2 cents.
Categories: Daily trading Journal