Monday thought on $DMRC, $AKAO, $IBIO, $ONCY, $AMRN, $BIOC, $ARTH

It was a resting day for the bull so the action was lackluster.

SPY_Daily

Price is still above the 79 & 89 MA support so it’s still a good start for the week.

$DMRC finally had a correction day after twelve days of advancement.

DMRC_daily

Although down for the day, price is still above all four MAs (5, 15, 79, 89) as well as on top of the uptrend line. This is now a waiting game. I’m fine waiting and is looking forward to the Oct 28th earnings update.

$IBIO corrected slightly.

IBIO_daily

Price is still above the uptrend line.

$AMRN was battling against the bear today and managed to recover some before closing bell.

AMRN_daily

Despite a late day recovery, the down bar is now hanging by the thread on the 5 MA. Price needs to bounce soon before the bear takes it further down.  However, momentum indicators below tell me that a bounce is coming soon.

$AKAO started out of the gate in good form but succumbed to selling pressure by closing bell.

AKAO_daily

It seems like the biotech sector hasn’t completely recovered yet.

$BIOC is the only biotech in my port that is green.

BIOC_daily

Just by looking at the chart, the current uptrend is in good form. Price continues to be above all four MAs.

$ARTH also tried to bounce but ended the day neutral.  $ONCY was neutral as well so I won’t be pulling charts.

Needless to day, today is the day of correction for my port.

Current holdings:

Main port: DMRC, AKAO, IBIO, ONCY, AMRN, BIOC   Trading port: ARTH

My 2 cents

From my camera (click on photo to see image at 100%)

Purple rose bud



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: