Market opened higher from an alcohol induced rally but fell down by closing bell due to passing out…
$CUR broke out of the cup & handle resistance line and I bought a mid-size position.
Price did not close above the resistance line as shown in the daily chart above; however, we still have a higher high and a higher low. Let’s see if next week can continue the push up. If not, I’ll cut this one for small losses.
$TSLA opened higher and I added another layer around $129.xx.
Price could not hold above $129.xx and fell down along with the market at the close. I moved my GTC hard stop to breakeven during the day. I may move the hard stop to below the daily 5 MA line to give it more room to breath.
$INO continued to struggle to stay above $2.12 so I decided to sell the rest of my shares to take my small losses.
I was expecting a spike up this week above $2.20 and it didn’t happen. Moving on.
$KGJI continued to struggle to get back to $1.80 but was down slightly for the day.
I’m still holding all my shares. Notice that the daily 5 MA line is still pointing up.
$CERS had a nice rally during the day but gave back the intra-day gain to follow the drunken market when it passed-out.
Notice that price penetrated the downtrend line today albeit it still closed below it. I like to see it go back above the line next week.
$XONE handles itself ok today.
It closed only slightly down. It still has a higher high and a higher low today though.
$CRTO won the “come-back” reward when it jumped back to positive territory after being down all day.
I like the fact that price closed above the daily 5 MA line.
$RBCN made me proud (and I’m sure The Fly as well since this is his pick) ’cause it closed above the 5 and 15 MA lines today.
There is still the 79 SMA above that need to be crossed over before we can consider it a full-blown uptrend.
$NUGT’s bounce today might confirm a possible bottom here.
Will it continue to head up? Will 2014 be the year of $NUGT? Provided that I’m not stopped out b/w now and end of the year, I may have a shot of riding this one back to $100 roll… Pardon me for getting ahead of myself. Btw, I moved my GTC hard stop to breakeven.
Now, the drum roll…. $LRAD made the day today!
Above is the daily chart and below is the weekly chart.
By looking at the monthly chart below; I can see that we are breaking out of a two-years sleeping pattern. I like to see the monthly 89 XMA taken out by year-end.
Perhaps by early next year, we will take out the next target of $3.36 which was the previous high at July 2011.
Since $LRAD is my largest position, needless to say my portfolio went up very nicely today.
LRAD, KNDI, CERS, KGJI, XONE, CRTO, RBCN, NUGT, TSLA, CUR and 6% cash.
My 2 cents.Comments »