11-19-2014 Trading Journal

10 views

A small hiccup, nothing to write home about, was all that happened to the bull today.

SPY_Daily

Price is still on top of the 5 MA line.  The bullish trend is still intact.

The correction today on my port was expected after the spectacular up day yesterday.

When $NUGT opened lower, I watched the opening range to see where it would go.  But when price started to trade down to the lower boundary of the opening range, I did not like the “sense” I was picking up.  I checked the $DUST chart, the counter-party to $NUGT, to see how price was trading.  I was surprised to see that price was bouncing off the daily 79 MA line.  Knowing that this support line is powerful, I did not want to challenge it; thus, I sold $NUGT to lock in gain even before it broke thru the lower opening range and immediately bought $DUST for the bounce off the 79 MA line.

The trade became profitable not long afterward; however, price began to gave back earlier gain going into the Fed release of the minutes.  While I was still in the money with $DUST, I decided to hold thru the Fed release ’cause I didn’t see why the Fed would change its mind to start buying bonds again when oil price has been careening down for the last four months. Needless to day, I was corrected to hold.

DUST_daily

Price bounced off nicely off the 79 MA line and I’m glad to see price closed above the 89 MA line as well.  Let’s see if this one can bounce further tomorrow.

Despite a down day, $LRAD was holding its ground very well after the yesterday big up day.

LRAD_daily

Tomorrow after hour will determine if price can continue to rocket higher from here.

$AMRN also corrected.

AMRN_daily

What bother me the most is that price is now banging its head against the 79 & 89 MA resistance lines.  I like to see price climb over it and stay above it for the bull thesis to be strong.

$ORBC also recovered nicely after bouncing off the 79 MA line.

ORBC_daily

There is really nothing to do now but wait for development.  I’m in this one for the long haul.

Lastly, $DMRC corrected some more.

DMRC_daily

Price is now at the 79 MA support line.  I like to see this support hold.

Due to $DMRC drawdown and minor corrections from $AMRN & $LRAD, my port gave back 2.3%.  YTD gain is now at 20.2%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, DUST (100% invested/speculated).

My 2 cents.

11-18-2014 Trading Journal

N/A

Alrighty! Finally, the bull perked up and started to gallop up the hill…

SPY_Daily

Now, the chart looks unarguable bullish.

And my port could not agree more!  Today is one of the best up days for my port.  Three positions were up more than 10+% and only one that was down slightly.

The largest gain came from $LRAD since it is my largest position.

LRAD_daily

Look at that beautiful solid green up bar with higher than average volume.  And we haven’t even heard the earnings call yet.  If, a big IF, the earnings call and future guidance are positive, there are a lot more room for this to go up.

Man oh man, am I glad I bulked up on $AMRN last Friday with proceed from $URA.  $AMRN continued to surge ahead with super high volume.

AMRN_daily

What I like about the chart is that price is now penetrating the 79 & 89 MA lines to get back on the top side.  If momentum can continue tomorrow, the 79 & 89 MA lines will become supports.  Fundamentally speaking, there are more good news regarding the superority of Vascepa Omega-3 pure EPA.  I might just be able to recoup all my prior losses on $AMRN and make even more money with this one if this momentum can continue onward.  If that is the case, this disaster for the last two years will be a blessing in disguise ’cause it gave me the opportunity to load up under $1.00 in a way that I could not do if FDA had been favorable to $AMRN from the beginning (two years ago).

Did I catch the bottom for $NUGT finally?  I hope I did.

NUGT_daily

Price continued to bounce higher after a gapped open.  While I didn’t buy at the bottom, I’m just glad to catch the start of the momentum last Friday with the proceed from $URA.

$DMRC, while up slightly, still performed admirably against the bear attack by closing on the positive side.

DMRC_daily

I like the green bar riding on the 89 MA support line.  It sure looks like it is going to bounce from here.

With $LRAD up 13.9%, $AMRN up 23.4%, and $NUGT up 14.6%; my port gained a fantastic 9.5% for the day.  My YTD gain is now at 22.5%.  And it is not even Thursday yet.  If $LRAD earnings is leaning on the positive side, there are more gain to be had before the year is over.

Current holdings:

LRAD, DMRC, ORBC, AMRN, NUGT (100% invested/speculated).

My 2 cents.

11-17-2014 Trading Journal

5 views

Oh no… another week of meandering bull movement.  Did you bring your pillow?

SPY_Daily

While price is maintaining status quo, the oscillators are beginning to turn down.  Will there be a catalyst this week for an aggressive bull?  Yes, we need an aggressive bull pronto!

Today, from my port, one stock went down ($DMRC), one neutral ($ORBC), and the rest were up.

My decision on Friday to sell $URA to lock in gain and then allocated fund to $AMRN and $NUGT proved to be the right move.  $AMRN was up 12.63% today.

AMRN_daily

Now, price just needs to take out the previous high of $1.10 from Oct 22nd to start a bullish trend. I’m sure glad I bulked it up Friday.

$NUGT continued to bounce higher after a negative start.

NUGT_daily

What I like about the chart is the the 5 MA is about to cross over the 15 MA line.  We will see if that is going to happen tomorrow.

$LRAD bounced today to begin the week.

LRAD_daily

This Thursday after hour will be the earnings call.  That day will decide if I’ll have a spectacular return on my port for the year 2014.  If not, then I’ll have to make do in 2015.

$DMRC continued to correct.

DMRC_daily

Currently, price is settling at the 89 MA support line.  As far as I’m concerned, the bull is still intact.

$ORBC being neutral, I’ll skip the chart.

Thanks to $AMRN spectacular run-up and the gains from $LRAD and $NUGT, my port gained 1.1% despite drawdown from $DMRC.  YTD gain is now at 13%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, NUGT (100% invested/speculated)

From my other account:

Yeap, still holding $MCIG.

My 2 cents.

11-14-2014 Trading Journal

5 views

Since this week had been a slow week in term of bullish momentum, it is better to show the weekly chart just so you can see the up movement.

SPY_Weekly

There you go.  An up bar.  From the daily chart, you can hardly see the move…

Today, I decided to take profit from $URA bounced-back rally so I could allocate fund to $NUGT and $AMRN.

Don’t get me wrong, I’m still bullish with $URA except that I felt the potential for a stronger bounce can come from $AMRN and $NUGT which are in the process of forming a bottom.  $URA, meanwhile, had already made an initial bullish drive in the last six trading days.

URA_weekly

Can $URA go higher?  Sure, but yesterday big down day tell me it may be a rocky ride from here.  Today bounce simply gave me an opportunity to lock in gain first.

Before I bought $NUGT near the end of the trading day, I had been daytrading $DUST.  Every dips I bought could not bounce well.  Even by the last hour before closing bell, the time when $NUGT would usually give back decent size gain, $DUST could not sustain a bounce.  I was racking up tiny losses buying $DUST.  By then, I realized $NUGT was holding its ground solidly.  I checked $URA price and it was printing $13.96 and then I checked $NUGT which, by some miraculous design, was also printing $13.96!

“That’s my clue!”

I immediately sold 50% of $URA and bought the same number of shares in $NUGT.  $NUGT went on to reach the high of $14.20 but settled down to close $13.93 which was right around the corner of $URA closing price of $13.96.

NUGT_daily

The daily chart of $NUGT above showed a very strong bullish engulfment bar with higher than average volume.  The fact that today was a second attempt to rally hard after the first attempt failed 6 trading days ago is a testament of the bull resolve to bounce.

NUGT_weekly

From the weekly chart above, the last two green bars with high volumes told me that the probability of a bottom is high. There were lot of buyers in the last two weeks!

Then I decided to check the weekly script # for $AMRN.  9,880!  Only 120 to hit 10,000 weekly. While I already have a position on $AMRN, I decided it was time bulk it up for a possible bounce.  So I sold the remaining shares of $URA to do so.

AMRN_daily

The above daily chart showed that $AMRN had been rallying since Tuesday albeit on less than average volume. Nevertheless, I’m motivated to add more due to the weekly chart below:

AMRN_weekly

$AMRN has a decent green bar with volume that is comparable to the last six weeks.  It is enough for me to bet on a possible bounce from here.

$LRAD was practically neutral for the week albeit a slightly down week.

LRAD_weekly

There is nothing to drive $LRAD until the earning announcement and future guidance come out late next week.  I’m locked and loaded on this one.

$DMRC did not have a good week since the weekly red bar below is not an appealing bar at all.

DMRC_weekly

However, the positive side is that price is still above the 5, 15, 79 & 89 MA lines.  So, I’ll call this a “resting” week for $DMRC.

$ORBC has a solid up week with very high volume.

ORBC_weekly

From the weekly chart above, I’ve to say that $ORBC is gearing up for a major rally.  Did you see how the price had been bouncing off the 79 & 89 MA lines for the last eight week?  These 79 & 89 MA lines are powerful support lines and have been proven to be a dependable launching pad for strong rally.

Due to $DMRC down day, my port gave back 0.4% for the day (thanks to gain from $URA to cushion the draw down),   YTD gain is now at 11.85%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, NUGT (100% invested/speculated)

My 2 cents.

11-13-2014 Trading Journal

3 views

Ever so gently, the bull ignored the southern wind and trotted ahead anyway.

SPY_Daily

It is definitely a neutral week so far.

Today is the correction day for my port.  All positions except $AMRN were down.

$LRAD pretty much gave back yesterday gain.

LRAD_daily

Price is still finding support at the 79 & 89 MA lines.

$DMRC also gave back gain from two days ago.

DMRC_daily

Price is now consolidating above the Fib 21.6% retracement level.

$ORBC correction was more gentle than the others…

ORBC_daily

While down, it is still a bar with higher high and higher low.

$URA had the worst of the four down position.

ura_daily

While it was tame yesterday, today was anything but tame.  It was brutal.  Price broke below the 79 & 89 MA lines and is now heading to “fill the gap” from three days ago.  Since I wasn’t watching the market during the day, there was nothing I could do.  If uranium spot price continues to stay high, I will hold on to this a bit longer.  While I gave back a chunk of gain, I’m still in the money for now.

$AMRN stood alone with a gain in my port.

AMRN_daily

I put the remaining 0.8% cash into $AMRN when it opened higher.  It is looking good so far.

Due to corrections all around, my port gave back 3.5% (practically all of yesterday gain plus some).  YTD gain is now at 12.3%.

Current holdings:

LRAD, DMRC, ORBC, URA, AMRN (100% invested/speculated)

My 2 cents.

11-12-2014 Trading Journal

2 views

Due to the lack of urgency in the bull’s frame of mind, the southern wind took the opportunity to guide the bull in the wrong direction in a subtle way…

SPY_Daily

There is a slow curving back to the downside and it is important that some bullish catalyst kick in soon to push the market higher in a big way to get the momentum going.

$LRAD finally kicked in to contribute to the upward growth of my port.

LRAD_daily

Today bar was a very strong bullish engulfment bar.  Let’s see if the momentum can continue onward this week; perhaps take out the $3 resistance once again.

As if working in tandem, $DMRC took a breather while $LRAD grabbed the baton and ran with it.

DMRC_daily

Although $DMRC corrected slightly, the overall tone is definitely bullish here.  I see that it is preparing to break out of the $30 range soon.

$ORBC performed brilliantly again.

ORBC_daily

Price continued on higher.  I’m expecting the $7 resistance will be taken out soon.

$URA continued to rest a little more after two big up days.

ura_daily

From the chart, the corrections were quite tame so to speak.

Seeing that I’ve some cash available, I decided to buy back some $AMRN for the bounce.

AMRN_daily

Simply because price took out yesterday high, I saw a high probability of a bottom being developed here. Since this position is relatively small compared to the other four in my port, I may just hold on to it without trading in and out like I used to.

Thanks to $LRAD generous gain (remember, this is my largest position in the port) and $ORBC up bar, my port gained another 3.2% with YTD gain at 15.8%.

Current holdings:

LRAD, DMRC, ORBC, URA, AMRN and 0.8% cash.

My 2 cents.

11-11-2014 Trading Journal

2 views

Somebody please whip the bull from behind. I think the bull is suffering from chronic fatigue symptom…

SPY_Daily

Let’s count our blessing that the bull is still heading up albeit as a snail pace.

There wasn’t much action from me today except to watch $DMRC and $ORBC climbing up the price ladder.

$DMRC continued to rally to form a nice handle for the cup & handle pattern.

DMRC_daily

The probability of breaking out of the cup & handle is pretty high at this point. Perhaps it may happen tomorrow.

$ORBC also rallied hard.

ORBC_daily

I like the fact that price is now on top of the 79 & 89 MA lines.  Let’s see if price can take out $7 this time around.

$LRAD was doing another soft landing to the 79 & 89 MA support lines.

LRAD_daily

There is really nothing to do but to wait for earnings update in late November.

$URA corrected ever so slightly with low volume.

ura_daily

I don’t blame it for need to take a break after two days of hard rally.

Again, $DMRC and $ORBC came to the rescue to save the day by making gains to offset $LRAD continuing drawdown; thus, my port was able to gain another 1.1% with YTD gain at 12.6%.

Current holdings:

LRAD, DMRC, ORBC, URA and 2.1% cash.

From my other account:

Yeap, I’m still holding $MCIG and is waiting for the spin-off shares for Vitacig.

My 2 cents.

11-10-2014 Trading Journal

4 views

With no bear in sight, the bull trotted leisurely ahead…singing do re me…

SPY_Daily

Without a a high volume strong momentum up day, there is a danger of the bull drifting to a sleepwalk and walk off the cliff. But for now, it is still a bull market.

$NUGT opened lower and I was willing to give it a bit room to fluctuate but set a hard stop at breakeven just in case.  However, after seeing price took out the opening range to the downside and seeing week support and little bounce, I decided to sell quickly to lock in remaining gain instead of giving them back.  I was glad I did ’cause price went further down and took out Friday low.

$BAS started off with a bang to the upside and I thought I was in good shape.  But no, price began to fall apart.  I checked to see other oil related stocks and ETF and they all exhibited the same pattern.  Oop! Oil was under pressure again, so I cancelled my hard stop I placed in the morning and sold my entire position when price dropped below $12 support to lock in profit as well.  Again, good thing I did.

Meanwhile, $URA was heading higher and took out $14 resistance.  With the available cash from sale of $BAS, I added more $URA due to continued upward momentum.

ura_daily

From the daily chart above, you’ve to conclude it was a strong bullish chart.

$ORBC started to rally after the earnings conference call.  While in the middle of listening to it, I added 20% more $ORBC to round up my position size using cash from sales of $BAS.

ORBC_daily

The chart looks very bouncy after Friday drop.  With eleven more new state-of-the-art satellites to be launched soon plus the acquisition of Skywave Mobile Communication, the new $ORBC will be in a strong competitive advantage with the largest satellite-based M2M connectivity.  I can see them stealing more customers from other competitors in the years to come.

$DMRC bounced nicely today.  It is a much needed bounce to move away from the Fib 21.6% support.  If momentum can keep up this week, we may see it takes out $30 soon.

DMRC_daily

I like the fact that price took out the 5 MA line.

While $LRAD disappointed again without an up day, I’m betting that their coming earnings will be pleasantly surprised.  Their new “Loudest Long Range Acoustic Hailing Device for its size” from recent announcement may be getting good attention.

LRAD_daily

So for now, I’ll have to accept the lack of momentum on this stock.

With the gains from $DMRC and $ORBC but offset by $LRAD drawdown, my port gained back 1% today with YTD gain at 11.5%.

Current holdings:

LRAD, DMRC, ORBC, URA and 2.1% cash.

My 2 cents.

11-07-2014 Trading Journal

6 views

Looking to the right, then left… nothing in sight, the bull then cautiously trotted onward.

SPY_Daily

Price continued to move higher; however, it needs to pick up speed soon or it may start to dip down.

Today was a correction day for my port. Except for the energy and gold, the rest was down.

I added more $NUGT when it took out yesterday high. Unfortunately, I was still recovering from Wednesday stop-out when I loaded up big; thus my position is only half of what I bet in Wednesday’s chip size..  In hindsight, I was one day too early in loading up.  Sometimes, suffering a bigger hit can affect your propensity to remain aggressive in the same stock.  Instead I diversified my cash to $URA to play safe.  Although $URA also bounced, it did not bounce as much as $NUGT.  But these are all hindsight talking, I should be happy that today price gain on $NUGT recovered the losses I took in Wednesday stop-out.  And I should be happy that I went back in despite multiple times of stopping out for small losses.

NUGT_daily

While the bounce is impressive, it has yet to prove that the bottom is in.  Although I like to load up “at the bottom”, sometimes you just have to take the gift of the momentum when you see one.

NUGT_weekly

The weekly $NUGT chart above shows the first weekly green bar after nine consecutive red bars.  I may add a bit more if price continues to advance.

$URA has an impressive bounce today.  I’m so glad I’ve decided to buy some yesterday.  Sometimes chart reading can help you get that “nudge” to move in.  The double-bottom setup was a tale-tell sign even though it wasn’t a guarantee, the odd is better than 50% a bounce can happen if the price did not drop the following day.  That was why I bought yesterday when it did not open down to negate the up day before. And when price opened higher today, it increased the odd of a continued bounce so I double-down after the open.

ura_daily

Weekly chart below:

URA_weekly

Both daily and weekly charts show a strong bounce.  As long as price does not take out recent low from here, I believe we are seeing the bottom in uranium.

$BAS also bounced but not as much as $URA.  However, I’m taking any bounce regardless of % gain since a continuing upward momentum is needed to change the trend back to up.

BAS_daily

At least the price closed above the 5 MA line which is a good positive sign.

BAS_weekly

The weekly chart, on the other hand, is not so encouraging.  The next weekly bar needs to take out the high of this week bar to confirm a good reversal bounce.  Nevertheless, the 2013 low is right below to act as support.

$DMRC spent the week consolidating around the low of Monday down day.

DMRC_daily

I take it as a good sign that price did not break below the 23.6% Fib retracement support (blue line).

DMRC_weekly

The weekly chart above simply shows a normal correction after three weeks of up bar.

$LRAD corrected a bit more today.

LRAD_weekly

While there wasn’t much of a follow-up to Tuesday big move day, the weekly bar above still shows a price increase from last week.  In other words, price is advancing slowly. I’ll take that anytime any day over a down week.

$ORBC was down ’cause the secondary offering is priced at $5.60.  Price has no choice but to follow-thru to find the equilibrium.  But it doesn’t need to stay there as I’ve learned the hard way from $CLDX which I got out after the offering and missed the spectacular rise from $7 to $20+.

ORBC_daily

I like the way price regained momentum to close near the high of the day.

ORBC_weekly

From the weekly chart above, I like the fact that price regained momentum to close above the 89 MA line.  I’m excited about the acquisition for I believe it will put $ORBC into strong competitive advantage over the long-run in the M2M sector.  I’m holding this one for long-haul.

Due to corrections from $LRAD, $DMRC, $ORBC and thanks to gains from $NUGT, $URA, and $BAS that helped cushion the losses, my port gave back 2.2% for the day with YTD gain now at 10.5%.

Current holdings:

LRAD, DMRC, ORBC, BAS, URA, NUGT and 3.8% cash.

From my other account:

$MCIG had a good week with this week bar higher than last week.

MCIG_weekly

I’m waiting for my dividend share of the spin-off for Vitasig.

My 2 cents.

 

11-06-2014 Trading Journal

4 views

The bull continued to trot upward in a fine sunny day.

SPY_Daily

New high and you can see the uptrend has been staying on top of the 5 MA line all the way which signify a strong bullish tone.

Today, I bought $URA to look for a possible double-bottom on uranium play.

ura_daily

As you can see on the daily chart above, price bouncing yesterday set up a potential for a double-bottom from mid October.  Due to price not trading down in the morning, I decided to buy a starter position to see if this double-bottom can hold.

$BAS also bounced some more today which improves the odd of finding a bottom with the 2013 low as support.

BAS_daily

The blue line you see in the chart is the line of the 2013 low.  Let’s see if price can continue to climb from here. Yesterday, I forgot to mention that I got the idea of $BAS from Mr. Cain Thaler of the ibankcoin.com.  Mr. Thaler penned a post about $BAS and I like what I read; thus I chose $BAS as my bottom-picking oil play.

$DMRC continued to hold the ground at the 23.6% fib retracement level.

DMRC_daily

Today was a small range low volume day which is to me a day to rest a bit after a yoyo weak.

$LRAD continued to fight against weak and impatient traders while waiting for earning announcement.  From my quick search, last year November earnings reporting date was Nov. 21st; so we should be expecting the same time frame for this month earning report.

LRAD_daily

Price is still strong to stay above the 5 MA line.

$ORBC announced today that it is to acquire SkyWave Mobile Communications for $130 mln. and on the same day also announced a public offering of up to $72 million of its shares of common stock.  On top of that, earnings announcement will be on November 10th.

My only response is “Wow!”

I’m thrilled!  I don’t care how the market is going to react tomorrow but I’m excited about the prospect of $ORBC becoming the largest global space-based M2M communications company.

ORBC_daily

 

Since these announcement came in after hour, the chart above showed a neutral stance.  Tomorrow, we will see how the market react to this news.  It’s really a toss since you have a secondary offering against an acquisition.  I’m glad I chose $ORBC despite the fact that I gave up $SWIR to focus on this one.  We will see if $ORBC can regain what I’ve missed in $SWIR spectacular run.

I also bought back a small position on $NUGT when price opened higher.  Since it is a small position, I use a mental stop instead of a hard stop.  By closing bell, I’m still in.

Thanks to $LRAD bouncing back, my port was up slightly with a day gain of 0.4%,  YTD gain is now at 12.7%.

Current holdings:

LRAD, DMRC, ORBC, BAS, URA, NUGT, and 5.9% cash.

From my other account:

I’m so glad I sold $FITX yesterday to cut my losses; otherwise, I would suffer another 43.6% losses.  Meanwhile, $MCIG got approval to spin off Vitasig.  Yay!  I will be getting a 1 to 1 dividend shares on the spin-off.  My last positive result from a spin-off was the Parametric Sound Corporaton (formerly PAMT).  PAMT was a spinoff from $LRAD.  I know not all spinoffs are the same but I like the concept of Vitasig so I’m betting it will work out.

My 2 cents.

11-19-2014 Trading Journal

10 views

A small hiccup, nothing to write home about, was all that happened to the bull today.

SPY_Daily

Price is still on top of the 5 MA line.  The bullish trend is still intact.

The correction today on my port was expected after the spectacular up day yesterday.

When $NUGT opened lower, I watched the opening range to see where it would go.  But when price started to trade down to the lower boundary of the opening range, I did not like the “sense” I was picking up.  I checked the $DUST chart, the counter-party to $NUGT, to see how price was trading.  I was surprised to see that price was bouncing off the daily 79 MA line.  Knowing that this support line is powerful, I did not want to challenge it; thus, I sold $NUGT to lock in gain even before it broke thru the lower opening range and immediately bought $DUST for the bounce off the 79 MA line.

The trade became profitable not long afterward; however, price began to gave back earlier gain going into the Fed release of the minutes.  While I was still in the money with $DUST, I decided to hold thru the Fed release ’cause I didn’t see why the Fed would change its mind to start buying bonds again when oil price has been careening down for the last four months. Needless to day, I was corrected to hold.

DUST_daily

Price bounced off nicely off the 79 MA line and I’m glad to see price closed above the 89 MA line as well.  Let’s see if this one can bounce further tomorrow.

Despite a down day, $LRAD was holding its ground very well after the yesterday big up day.

LRAD_daily

Tomorrow after hour will determine if price can continue to rocket higher from here.

$AMRN also corrected.

AMRN_daily

What bother me the most is that price is now banging its head against the 79 & 89 MA resistance lines.  I like to see price climb over it and stay above it for the bull thesis to be strong.

$ORBC also recovered nicely after bouncing off the 79 MA line.

ORBC_daily

There is really nothing to do now but wait for development.  I’m in this one for the long haul.

Lastly, $DMRC corrected some more.

DMRC_daily

Price is now at the 79 MA support line.  I like to see this support hold.

Due to $DMRC drawdown and minor corrections from $AMRN & $LRAD, my port gave back 2.3%.  YTD gain is now at 20.2%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, DUST (100% invested/speculated).

My 2 cents.

11-18-2014 Trading Journal

N/A

Alrighty! Finally, the bull perked up and started to gallop up the hill…

SPY_Daily

Now, the chart looks unarguable bullish.

And my port could not agree more!  Today is one of the best up days for my port.  Three positions were up more than 10+% and only one that was down slightly.

The largest gain came from $LRAD since it is my largest position.

LRAD_daily

Look at that beautiful solid green up bar with higher than average volume.  And we haven’t even heard the earnings call yet.  If, a big IF, the earnings call and future guidance are positive, there are a lot more room for this to go up.

Man oh man, am I glad I bulked up on $AMRN last Friday with proceed from $URA.  $AMRN continued to surge ahead with super high volume.

AMRN_daily

What I like about the chart is that price is now penetrating the 79 & 89 MA lines to get back on the top side.  If momentum can continue tomorrow, the 79 & 89 MA lines will become supports.  Fundamentally speaking, there are more good news regarding the superority of Vascepa Omega-3 pure EPA.  I might just be able to recoup all my prior losses on $AMRN and make even more money with this one if this momentum can continue onward.  If that is the case, this disaster for the last two years will be a blessing in disguise ’cause it gave me the opportunity to load up under $1.00 in a way that I could not do if FDA had been favorable to $AMRN from the beginning (two years ago).

Did I catch the bottom for $NUGT finally?  I hope I did.

NUGT_daily

Price continued to bounce higher after a gapped open.  While I didn’t buy at the bottom, I’m just glad to catch the start of the momentum last Friday with the proceed from $URA.

$DMRC, while up slightly, still performed admirably against the bear attack by closing on the positive side.

DMRC_daily

I like the green bar riding on the 89 MA support line.  It sure looks like it is going to bounce from here.

With $LRAD up 13.9%, $AMRN up 23.4%, and $NUGT up 14.6%; my port gained a fantastic 9.5% for the day.  My YTD gain is now at 22.5%.  And it is not even Thursday yet.  If $LRAD earnings is leaning on the positive side, there are more gain to be had before the year is over.

Current holdings:

LRAD, DMRC, ORBC, AMRN, NUGT (100% invested/speculated).

My 2 cents.

11-17-2014 Trading Journal

5 views

Oh no… another week of meandering bull movement.  Did you bring your pillow?

SPY_Daily

While price is maintaining status quo, the oscillators are beginning to turn down.  Will there be a catalyst this week for an aggressive bull?  Yes, we need an aggressive bull pronto!

Today, from my port, one stock went down ($DMRC), one neutral ($ORBC), and the rest were up.

My decision on Friday to sell $URA to lock in gain and then allocated fund to $AMRN and $NUGT proved to be the right move.  $AMRN was up 12.63% today.

AMRN_daily

Now, price just needs to take out the previous high of $1.10 from Oct 22nd to start a bullish trend. I’m sure glad I bulked it up Friday.

$NUGT continued to bounce higher after a negative start.

NUGT_daily

What I like about the chart is the the 5 MA is about to cross over the 15 MA line.  We will see if that is going to happen tomorrow.

$LRAD bounced today to begin the week.

LRAD_daily

This Thursday after hour will be the earnings call.  That day will decide if I’ll have a spectacular return on my port for the year 2014.  If not, then I’ll have to make do in 2015.

$DMRC continued to correct.

DMRC_daily

Currently, price is settling at the 89 MA support line.  As far as I’m concerned, the bull is still intact.

$ORBC being neutral, I’ll skip the chart.

Thanks to $AMRN spectacular run-up and the gains from $LRAD and $NUGT, my port gained 1.1% despite drawdown from $DMRC.  YTD gain is now at 13%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, NUGT (100% invested/speculated)

From my other account:

Yeap, still holding $MCIG.

My 2 cents.

11-14-2014 Trading Journal

5 views

Since this week had been a slow week in term of bullish momentum, it is better to show the weekly chart just so you can see the up movement.

SPY_Weekly

There you go.  An up bar.  From the daily chart, you can hardly see the move…

Today, I decided to take profit from $URA bounced-back rally so I could allocate fund to $NUGT and $AMRN.

Don’t get me wrong, I’m still bullish with $URA except that I felt the potential for a stronger bounce can come from $AMRN and $NUGT which are in the process of forming a bottom.  $URA, meanwhile, had already made an initial bullish drive in the last six trading days.

URA_weekly

Can $URA go higher?  Sure, but yesterday big down day tell me it may be a rocky ride from here.  Today bounce simply gave me an opportunity to lock in gain first.

Before I bought $NUGT near the end of the trading day, I had been daytrading $DUST.  Every dips I bought could not bounce well.  Even by the last hour before closing bell, the time when $NUGT would usually give back decent size gain, $DUST could not sustain a bounce.  I was racking up tiny losses buying $DUST.  By then, I realized $NUGT was holding its ground solidly.  I checked $URA price and it was printing $13.96 and then I checked $NUGT which, by some miraculous design, was also printing $13.96!

“That’s my clue!”

I immediately sold 50% of $URA and bought the same number of shares in $NUGT.  $NUGT went on to reach the high of $14.20 but settled down to close $13.93 which was right around the corner of $URA closing price of $13.96.

NUGT_daily

The daily chart of $NUGT above showed a very strong bullish engulfment bar with higher than average volume.  The fact that today was a second attempt to rally hard after the first attempt failed 6 trading days ago is a testament of the bull resolve to bounce.

NUGT_weekly

From the weekly chart above, the last two green bars with high volumes told me that the probability of a bottom is high. There were lot of buyers in the last two weeks!

Then I decided to check the weekly script # for $AMRN.  9,880!  Only 120 to hit 10,000 weekly. While I already have a position on $AMRN, I decided it was time bulk it up for a possible bounce.  So I sold the remaining shares of $URA to do so.

AMRN_daily

The above daily chart showed that $AMRN had been rallying since Tuesday albeit on less than average volume. Nevertheless, I’m motivated to add more due to the weekly chart below:

AMRN_weekly

$AMRN has a decent green bar with volume that is comparable to the last six weeks.  It is enough for me to bet on a possible bounce from here.

$LRAD was practically neutral for the week albeit a slightly down week.

LRAD_weekly

There is nothing to drive $LRAD until the earning announcement and future guidance come out late next week.  I’m locked and loaded on this one.

$DMRC did not have a good week since the weekly red bar below is not an appealing bar at all.

DMRC_weekly

However, the positive side is that price is still above the 5, 15, 79 & 89 MA lines.  So, I’ll call this a “resting” week for $DMRC.

$ORBC has a solid up week with very high volume.

ORBC_weekly

From the weekly chart above, I’ve to say that $ORBC is gearing up for a major rally.  Did you see how the price had been bouncing off the 79 & 89 MA lines for the last eight week?  These 79 & 89 MA lines are powerful support lines and have been proven to be a dependable launching pad for strong rally.

Due to $DMRC down day, my port gave back 0.4% for the day (thanks to gain from $URA to cushion the draw down),   YTD gain is now at 11.85%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, NUGT (100% invested/speculated)

My 2 cents.

11-13-2014 Trading Journal

3 views

Ever so gently, the bull ignored the southern wind and trotted ahead anyway.

SPY_Daily

It is definitely a neutral week so far.

Today is the correction day for my port.  All positions except $AMRN were down.

$LRAD pretty much gave back yesterday gain.

LRAD_daily

Price is still finding support at the 79 & 89 MA lines.

$DMRC also gave back gain from two days ago.

DMRC_daily

Price is now consolidating above the Fib 21.6% retracement level.

$ORBC correction was more gentle than the others…

ORBC_daily

While down, it is still a bar with higher high and higher low.

$URA had the worst of the four down position.

ura_daily

While it was tame yesterday, today was anything but tame.  It was brutal.  Price broke below the 79 & 89 MA lines and is now heading to “fill the gap” from three days ago.  Since I wasn’t watching the market during the day, there was nothing I could do.  If uranium spot price continues to stay high, I will hold on to this a bit longer.  While I gave back a chunk of gain, I’m still in the money for now.

$AMRN stood alone with a gain in my port.

AMRN_daily

I put the remaining 0.8% cash into $AMRN when it opened higher.  It is looking good so far.

Due to corrections all around, my port gave back 3.5% (practically all of yesterday gain plus some).  YTD gain is now at 12.3%.

Current holdings:

LRAD, DMRC, ORBC, URA, AMRN (100% invested/speculated)

My 2 cents.

11-12-2014 Trading Journal

2 views

Due to the lack of urgency in the bull’s frame of mind, the southern wind took the opportunity to guide the bull in the wrong direction in a subtle way…

SPY_Daily

There is a slow curving back to the downside and it is important that some bullish catalyst kick in soon to push the market higher in a big way to get the momentum going.

$LRAD finally kicked in to contribute to the upward growth of my port.

LRAD_daily

Today bar was a very strong bullish engulfment bar.  Let’s see if the momentum can continue onward this week; perhaps take out the $3 resistance once again.

As if working in tandem, $DMRC took a breather while $LRAD grabbed the baton and ran with it.

DMRC_daily

Although $DMRC corrected slightly, the overall tone is definitely bullish here.  I see that it is preparing to break out of the $30 range soon.

$ORBC performed brilliantly again.

ORBC_daily

Price continued on higher.  I’m expecting the $7 resistance will be taken out soon.

$URA continued to rest a little more after two big up days.

ura_daily

From the chart, the corrections were quite tame so to speak.

Seeing that I’ve some cash available, I decided to buy back some $AMRN for the bounce.

AMRN_daily

Simply because price took out yesterday high, I saw a high probability of a bottom being developed here. Since this position is relatively small compared to the other four in my port, I may just hold on to it without trading in and out like I used to.

Thanks to $LRAD generous gain (remember, this is my largest position in the port) and $ORBC up bar, my port gained another 3.2% with YTD gain at 15.8%.

Current holdings:

LRAD, DMRC, ORBC, URA, AMRN and 0.8% cash.

My 2 cents.

11-11-2014 Trading Journal

2 views

Somebody please whip the bull from behind. I think the bull is suffering from chronic fatigue symptom…

SPY_Daily

Let’s count our blessing that the bull is still heading up albeit as a snail pace.

There wasn’t much action from me today except to watch $DMRC and $ORBC climbing up the price ladder.

$DMRC continued to rally to form a nice handle for the cup & handle pattern.

DMRC_daily

The probability of breaking out of the cup & handle is pretty high at this point. Perhaps it may happen tomorrow.

$ORBC also rallied hard.

ORBC_daily

I like the fact that price is now on top of the 79 & 89 MA lines.  Let’s see if price can take out $7 this time around.

$LRAD was doing another soft landing to the 79 & 89 MA support lines.

LRAD_daily

There is really nothing to do but to wait for earnings update in late November.

$URA corrected ever so slightly with low volume.

ura_daily

I don’t blame it for need to take a break after two days of hard rally.

Again, $DMRC and $ORBC came to the rescue to save the day by making gains to offset $LRAD continuing drawdown; thus, my port was able to gain another 1.1% with YTD gain at 12.6%.

Current holdings:

LRAD, DMRC, ORBC, URA and 2.1% cash.

From my other account:

Yeap, I’m still holding $MCIG and is waiting for the spin-off shares for Vitacig.

My 2 cents.

11-10-2014 Trading Journal

4 views

With no bear in sight, the bull trotted leisurely ahead…singing do re me…

SPY_Daily

Without a a high volume strong momentum up day, there is a danger of the bull drifting to a sleepwalk and walk off the cliff. But for now, it is still a bull market.

$NUGT opened lower and I was willing to give it a bit room to fluctuate but set a hard stop at breakeven just in case.  However, after seeing price took out the opening range to the downside and seeing week support and little bounce, I decided to sell quickly to lock in remaining gain instead of giving them back.  I was glad I did ’cause price went further down and took out Friday low.

$BAS started off with a bang to the upside and I thought I was in good shape.  But no, price began to fall apart.  I checked to see other oil related stocks and ETF and they all exhibited the same pattern.  Oop! Oil was under pressure again, so I cancelled my hard stop I placed in the morning and sold my entire position when price dropped below $12 support to lock in profit as well.  Again, good thing I did.

Meanwhile, $URA was heading higher and took out $14 resistance.  With the available cash from sale of $BAS, I added more $URA due to continued upward momentum.

ura_daily

From the daily chart above, you’ve to conclude it was a strong bullish chart.

$ORBC started to rally after the earnings conference call.  While in the middle of listening to it, I added 20% more $ORBC to round up my position size using cash from sales of $BAS.

ORBC_daily

The chart looks very bouncy after Friday drop.  With eleven more new state-of-the-art satellites to be launched soon plus the acquisition of Skywave Mobile Communication, the new $ORBC will be in a strong competitive advantage with the largest satellite-based M2M connectivity.  I can see them stealing more customers from other competitors in the years to come.

$DMRC bounced nicely today.  It is a much needed bounce to move away from the Fib 21.6% support.  If momentum can keep up this week, we may see it takes out $30 soon.

DMRC_daily

I like the fact that price took out the 5 MA line.

While $LRAD disappointed again without an up day, I’m betting that their coming earnings will be pleasantly surprised.  Their new “Loudest Long Range Acoustic Hailing Device for its size” from recent announcement may be getting good attention.

LRAD_daily

So for now, I’ll have to accept the lack of momentum on this stock.

With the gains from $DMRC and $ORBC but offset by $LRAD drawdown, my port gained back 1% today with YTD gain at 11.5%.

Current holdings:

LRAD, DMRC, ORBC, URA and 2.1% cash.

My 2 cents.

11-07-2014 Trading Journal

6 views

Looking to the right, then left… nothing in sight, the bull then cautiously trotted onward.

SPY_Daily

Price continued to move higher; however, it needs to pick up speed soon or it may start to dip down.

Today was a correction day for my port. Except for the energy and gold, the rest was down.

I added more $NUGT when it took out yesterday high. Unfortunately, I was still recovering from Wednesday stop-out when I loaded up big; thus my position is only half of what I bet in Wednesday’s chip size..  In hindsight, I was one day too early in loading up.  Sometimes, suffering a bigger hit can affect your propensity to remain aggressive in the same stock.  Instead I diversified my cash to $URA to play safe.  Although $URA also bounced, it did not bounce as much as $NUGT.  But these are all hindsight talking, I should be happy that today price gain on $NUGT recovered the losses I took in Wednesday stop-out.  And I should be happy that I went back in despite multiple times of stopping out for small losses.

NUGT_daily

While the bounce is impressive, it has yet to prove that the bottom is in.  Although I like to load up “at the bottom”, sometimes you just have to take the gift of the momentum when you see one.

NUGT_weekly

The weekly $NUGT chart above shows the first weekly green bar after nine consecutive red bars.  I may add a bit more if price continues to advance.

$URA has an impressive bounce today.  I’m so glad I’ve decided to buy some yesterday.  Sometimes chart reading can help you get that “nudge” to move in.  The double-bottom setup was a tale-tell sign even though it wasn’t a guarantee, the odd is better than 50% a bounce can happen if the price did not drop the following day.  That was why I bought yesterday when it did not open down to negate the up day before. And when price opened higher today, it increased the odd of a continued bounce so I double-down after the open.

ura_daily

Weekly chart below:

URA_weekly

Both daily and weekly charts show a strong bounce.  As long as price does not take out recent low from here, I believe we are seeing the bottom in uranium.

$BAS also bounced but not as much as $URA.  However, I’m taking any bounce regardless of % gain since a continuing upward momentum is needed to change the trend back to up.

BAS_daily

At least the price closed above the 5 MA line which is a good positive sign.

BAS_weekly

The weekly chart, on the other hand, is not so encouraging.  The next weekly bar needs to take out the high of this week bar to confirm a good reversal bounce.  Nevertheless, the 2013 low is right below to act as support.

$DMRC spent the week consolidating around the low of Monday down day.

DMRC_daily

I take it as a good sign that price did not break below the 23.6% Fib retracement support (blue line).

DMRC_weekly

The weekly chart above simply shows a normal correction after three weeks of up bar.

$LRAD corrected a bit more today.

LRAD_weekly

While there wasn’t much of a follow-up to Tuesday big move day, the weekly bar above still shows a price increase from last week.  In other words, price is advancing slowly. I’ll take that anytime any day over a down week.

$ORBC was down ’cause the secondary offering is priced at $5.60.  Price has no choice but to follow-thru to find the equilibrium.  But it doesn’t need to stay there as I’ve learned the hard way from $CLDX which I got out after the offering and missed the spectacular rise from $7 to $20+.

ORBC_daily

I like the way price regained momentum to close near the high of the day.

ORBC_weekly

From the weekly chart above, I like the fact that price regained momentum to close above the 89 MA line.  I’m excited about the acquisition for I believe it will put $ORBC into strong competitive advantage over the long-run in the M2M sector.  I’m holding this one for long-haul.

Due to corrections from $LRAD, $DMRC, $ORBC and thanks to gains from $NUGT, $URA, and $BAS that helped cushion the losses, my port gave back 2.2% for the day with YTD gain now at 10.5%.

Current holdings:

LRAD, DMRC, ORBC, BAS, URA, NUGT and 3.8% cash.

From my other account:

$MCIG had a good week with this week bar higher than last week.

MCIG_weekly

I’m waiting for my dividend share of the spin-off for Vitasig.

My 2 cents.

 

11-06-2014 Trading Journal

4 views

The bull continued to trot upward in a fine sunny day.

SPY_Daily

New high and you can see the uptrend has been staying on top of the 5 MA line all the way which signify a strong bullish tone.

Today, I bought $URA to look for a possible double-bottom on uranium play.

ura_daily

As you can see on the daily chart above, price bouncing yesterday set up a potential for a double-bottom from mid October.  Due to price not trading down in the morning, I decided to buy a starter position to see if this double-bottom can hold.

$BAS also bounced some more today which improves the odd of finding a bottom with the 2013 low as support.

BAS_daily

The blue line you see in the chart is the line of the 2013 low.  Let’s see if price can continue to climb from here. Yesterday, I forgot to mention that I got the idea of $BAS from Mr. Cain Thaler of the ibankcoin.com.  Mr. Thaler penned a post about $BAS and I like what I read; thus I chose $BAS as my bottom-picking oil play.

$DMRC continued to hold the ground at the 23.6% fib retracement level.

DMRC_daily

Today was a small range low volume day which is to me a day to rest a bit after a yoyo weak.

$LRAD continued to fight against weak and impatient traders while waiting for earning announcement.  From my quick search, last year November earnings reporting date was Nov. 21st; so we should be expecting the same time frame for this month earning report.

LRAD_daily

Price is still strong to stay above the 5 MA line.

$ORBC announced today that it is to acquire SkyWave Mobile Communications for $130 mln. and on the same day also announced a public offering of up to $72 million of its shares of common stock.  On top of that, earnings announcement will be on November 10th.

My only response is “Wow!”

I’m thrilled!  I don’t care how the market is going to react tomorrow but I’m excited about the prospect of $ORBC becoming the largest global space-based M2M communications company.

ORBC_daily

 

Since these announcement came in after hour, the chart above showed a neutral stance.  Tomorrow, we will see how the market react to this news.  It’s really a toss since you have a secondary offering against an acquisition.  I’m glad I chose $ORBC despite the fact that I gave up $SWIR to focus on this one.  We will see if $ORBC can regain what I’ve missed in $SWIR spectacular run.

I also bought back a small position on $NUGT when price opened higher.  Since it is a small position, I use a mental stop instead of a hard stop.  By closing bell, I’m still in.

Thanks to $LRAD bouncing back, my port was up slightly with a day gain of 0.4%,  YTD gain is now at 12.7%.

Current holdings:

LRAD, DMRC, ORBC, BAS, URA, NUGT, and 5.9% cash.

From my other account:

I’m so glad I sold $FITX yesterday to cut my losses; otherwise, I would suffer another 43.6% losses.  Meanwhile, $MCIG got approval to spin off Vitasig.  Yay!  I will be getting a 1 to 1 dividend shares on the spin-off.  My last positive result from a spin-off was the Parametric Sound Corporaton (formerly PAMT).  PAMT was a spinoff from $LRAD.  I know not all spinoffs are the same but I like the concept of Vitasig so I’m betting it will work out.

My 2 cents.