Market opened higher and stayed high all day.
I didn’t do much except to add to $CCJ to round up my position size.
$NUGT took out yesterday high with a gap-up and it pretty much validated my thesis that the bottom was in. What I like about today $NUGT action was that price kept going up after the gap-up instead of retracing back down from the gap-up point. Price closed near the upper Bollinger band so it was a strong move. Let’s see if there is a retracement from the Bollinger upper band tomorrow. If not, momentum still has a lot of firepower underneath.
$KNDI gapped up but collapsed after about ten minutes. However, it was a good thing price closed above $8.00. I didn’t trade in and out of this one since I believe price will continue higher before the year is up.
$KGJI recovered from falling off the cliff after the gap-up. Position unchanged.
$NCTY corrected somewhat today so I practically gave back the gain I had from yesterday. Now, I’m at breakeven level. Since I believe yesterday up day is the start of an upward trend, I’m holding my shares for the ride.
Despite a down day on $KNDI and $NCTY, my portfolio still ended up higher thanks to $NUGT and the minor increase of the other positions.
Current holdings:
LRAD, KNDI, CERS, AMRN, GALE, KGJI, CCJ, TINY, NUGT, APRI, NCTY, CLIR, INO and 7% cash.
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