Whoa! What’s a teaser! No interest rate hike, market gathering momentum, ran up the hill… going for 200+ DJIA points… Bang! The door slammed on your face again.
From the look of the chart, it does not look good for the bull. A down day tomorrow will confirm a shooting-star candlestick topping formation. Yellen opened her mouth and now people are in fear of the China market once again.
$DMRC did good today. It went higher and closed next to the 79 MA line.
Look like the 79 & 89 MAs, being a strong support, are ready to swing the price back to the higher ground. Like a ball dropped on the stretched net, it bounced right back up and up.
You’ve got to love the $AKAO chart. The 79 & 89 MA lines turned from a declining slope into a slightly incline level lines. Imagine a magical swirl swooping down and then gently herding the prices back to an upward momentum.
The breakout today is like a seed sprouting out of the fertilized soil. This little baby is going to grow into a pretty big tree.
Someone pulled $ONCY pant down but luckily a quick reflex brought the pant back on before market close.
Price is getting close to taking out the 79 & 89 MA resistance. Give it a little more time.
Today $BIOC had achieved something that it could not do for the last five months- it maintains an uptrend line for 19th days in a roll. If you looked back, the most number of days in the previous bounces before the bear took it down again was seven days. The fact that the bear could not take it down this time means the bear is losing its grip. The basketball is getting harder and harder to keep under the water. The bear is tired and the dam is going to break apart very soon.
A jump above the 79 & 89 MA and $BIOC will be on an uptrend voyage.
The $ARTH chart today confirmed the magical quality of the 79 & 89 MA support lines. Today bounce is right on cue. The same thing happened on August 20th as well.
There is not much to do but to wait for the human trial.
Today was another good day with four up and only one down. My port gained back another 1.3%.
Main port: DMRC AMRN AKAO ONCY BIOC Trading port: ARTH
My 2 cents
Categories: Daily trading Journal