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11-24-2014 Trading Journal

The bull trotted up the hill this time instead of galloping.  I think it is seeing a tree instead of a mate ahead.

SPY_Daily

While not a big jump, it is a jump nevertheless.

Again, my port continued to drift lower due to $LRAD short-term trader bailing out the boat.

LRAD_daily

However, I’m still undaunted ’cause I believe in their products and their upcoming large sales in 2015.  I even added some more with remaining cash.  So far, price is still being supported by the 79 & 89 MA lines.  Let’s see if it can bounce from here.

$DMRC has a small bounce off the 79 MA line support.

DMRC_daily

This is a good sign. Let’s see if it will bounce higher from here.

$ORBC continued onward as well.

ORBC_daily

Price is beginning to move away from the 79 & 89 MA support lines.  I can see the trend will beef up as we move into 2015 when the other eleven state-of-the-art satellites are launched and the SkyWave acquisition finalized.

$AMRN gave back some ground today but not much.

AMRN_daily

I could see price is building a cup & handle pattern here.  A breakout of current consolidation range also means a break out of the 79 & 89 resistances.  I’m looking forward for this breakout; thus, I added more with available cash to round up investment size.

Due to $LRAD drawdown, my port gave back another 1.4% today with YTD gain now at 14.4%.

Current holdings:

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

My 2 cents.

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11-21-2014 Trading Journal

The bull is now galloping as a faster pace.  I think it is seeing a mate ahead…

SPY_Daily

While a red bar, you can’t dispute the upward momentum.  This spike up is telling.

Two of my biggest holdings were down today- $LRAD and $DMRC.

Despite a great future prospect, day traders decided it was not worth the trouble to hold- mainly because the potential mass notification sales to the large Middle-East cities have been pushed to Dec-Jan time frame.

LRAD_daily

Again, I would not let the short-term trader dictate my long-term view.  To me, my expectation of a great run-up will have to wait; this I can do.

$DMRC continued to head lower and penetrated the 79 MA line.  It might have to do with the VP- Marketing leaving.  The way I see it, VP-Marketing leaving can be many thing besides that poor sales effort.  It could be a take-over being imminent, the same as $ORBC.  Except in this case, $ORBC is taking over someone where as $DMRC may be taking over by someone.

DMRC_daily

But again, possible theories is part of the risk in holding stocks.  I’m holding to see if my take-over theory is correct; after all, I believe they have a very strong IP technologies for the future direction we are heading into.

$AMRN had a strong showing with an up bar that put it in a position to penetrated the 79 MA line in the next move up.

AMRN_daily

If price can move higher, I may add more with remaining cash.

$ORBC bounced some and that was a good sign.

Due to $LRAD and $DMRC being large positions, my port gave back 2.8% with YTD gain at 15.8%.

Current holdings:

LRAD, DMRC, ORBC, AMRN and 5.1% cash.

My 2 cents.

 

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11-19-2014 Trading Journal

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.

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11-18-2014 Trading Journal

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.

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11-17-2014 Trading Journal

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.

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11-14-2014 Trading Journal

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.

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11-13-2014 Trading Journal

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.

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10-31-2014 Trading Journal

Boom!  Just like that, the bull was standing by the previous high… almost touching it.

SPY_Daily

From the weekly chart below, you can see that it took four weeks for the bear to bring it down to the 79 & 89 MA lines area; yet it took the bull only two weeks to get back up to near previous high.  Who is in charge?

SPY_Weekly

The bull!

$NUGT gapped down from yesterday big dump which seemed to me was overdone.  So I decided to play the catch-the-falling-knife once more time by buying the opening range breakout.  I was looking for a possible island reversal bottom formation.  In mid-day when price began to rally again after dipping back below opening range, I added some more.  However, when closing bell was approaching, price began to sell off.  Giving this bearish closing momentum, I decided against holding over the weekend and sold out my position for small losses.

I also bought back $AMRN when the weekly script number went back to 9,4xx.  Last week it dipped down to 9,2xx from 9,4xx so it wasn’t very encouraging which probably explained the price drop.  But with script # going back up, there is a possibility of reaching 10,000 script in a couple of weeks.  I could see that I wasn’t the only one buying back in.

AMRN_daily

Price showed a bullish engulfment candlestick bar today so let’s see if it signifies a bottom here.

$DMRC finally corrected today which was a well-deserved one since price had been climbing non-stop the whole week.

DMRC_daily

However, I’m not crazy about the bearish engulfment bar today from the daily chart above.  But then, a bearish engulfment bar has to be confirmed next week by making lower low.  We will see if that is the case.  On the other hand, the weekly chart below shows a bit more bullish tone overall.

DMRC_weekly

Take a look at the third week up bar in January. It also had a long tail on the top; however, price continued higher in the four week.  Will $DMRC repeat the same pattern next week?  We will see.

$ORBC had a good day as well as a good week.

Daily chart below:

ORBC_daily

Weekly chart below:

ORBC_weekly

Price closed above $6 for the week after struggling all week to climb out of $5ish.  The weekly chart showed a successful basing on top of the 79 & 89 MA lines.  I think price is ready to rally from here.  Of course, it will be relying on catalyst from the upcoming earning report.

$LRAD spent all week being neutral.

LRAD_weekly

So, I wasn’t surprised the week ended in a doji bar as you can see in the weekly chart above.  It is also depending on upcoming earning announcement to determine future direction.

I sold $STV today for small losses due to its inability to bounce in a bullish day.  I bought it for the bounce and I would not want to hold if it could not bounce.  This was purely a trading position so conviction played no part in my wanting to hold.

Due to correction from $DMRC, my port gave back 0.2% today.  YTD gain is now at 10.9%.

Current holdings:

LRAD, DMRC, ORBC, AMRN and 7.9% cash.

From my other account:

I bought back some $FITX today looking for a bounce.  $MCIG also rallied some today so the bounce is happening.

MCIG_daily

FITX_daily

Both $FITX and $MCIG charts look bouncy from here.

My 2 cents.

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10-24-2014 Trading Journal

“Bear market?  What bear market?”

SPY_Daily

And the bull kept on going, going, and going.  The above is the weekly chart. A very powerful green bar coming off the high volume hammer-like candlestick from previous week.  It isn’t that far from previous high, you know.

Today was a learn to trust your “instinct” lesson in the disguise of the $AMRN trade.  Early this week, I sold my whole position of $AMRN for a gain (instinct) and watched the price spiked back up to $1.10 before price settled back down.  Seeing that price wanted to go up, I was anxious (lesson: anxious is definitely NOT instinct) to buy it back the next day (which was yesterday). Seeing that price was holding at $1.05 at the open and that there a large bid supporting the price, I added some more this morning.  Then I went on my merry way.

“Whoa!” was all I could muster when I came back to look at the price after being away for awhile.  Price was printing $0.97 cents when I checked on $AMRN.  Without hesitation, I immediately liquidated my entire positions to cut losses.  The daily chart looked ugly:

AMRN_daily

As you could see, price cut thru the support of the whole week (new low for the week) and the volume was very high.  Somebody knew something and was dumping en mass.  If there is follow-thru next week with a new low, this could get even more ugly.  I’m going to see how low this will go before picking bottom.

Asides from cutting losses with $AMRN, I again went back in $NUGT but with a smaller position.  This time I decided to do away with the hard stop and opted for a mental stop.  The smaller shares allow more room for this stock to fluctuate around.  By closing bell, I’m still at breakeven from this morning entry.

Meanwhile, $DMRC continued to march ahead.

DMRC_weekly

The weekly bar above reflected a turning point.  What I like about the chart is that price is now on top of 79 & 89 MA lines.  Looking back to January, you could see four consecutive up bar after the 1st up bar.  Will $DMRC repeat this pattern?

$LRAD, while it did not have the same “punch-out” pattern of $DMRC’s weekly bars, it showed a resiliency to hold the fort.

LRAD_weekly

At least, it was a green bar above the middle of the Andrew Pitchfork line which could be a preparation for a coming bounce.

$ORBC is an example of what I prefer not to see.

ORBC_weekly

It is a weekly red bar that showed it gave back gain from last week. However, the good news is that price is still above the 79 & 89 MA lines.

Due to losses from $AMRN, the gain to my port for the day was reduced to 0.2% despite a good showing with $DMRC rally.  YTD gain is now at 8.5%.

Current holdings:

LRAD, DMRC, ORBC, NUGT and 14.7% cash.

From my other account:

$MCIG weekly chart showed that it is holding steady here.

MCIG_weekly

In other words, price is still basing here and have not made any move to the upside yet.

My 2 cents.

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10-17-2014 Trading Journal

The bear didn’t have a chance.  The bull simply dragged the bear along in its pursue of height.

SPY_Weekly

The above is the weekly chart.  See how it ended the week escaping the tan rectangular box?  While it didn’t close above the box, it was definitely good enough to call it a win for the bull.

While the market was up, my port had a minor correction which was to be expected after it had defied gravity for most of the week.

I sold $KNDI in the morning when I still had profit to take.  I didn’t like the high open and then a sell-off afterward.  I also bought some $NUGT for bottom-fishing with a GTC hard stop below the lower bollinger band from the daily chart.  I wasn’t stop out by day close.

$LRAD and $AMRN were even for the day with $DMRC, $ORBC, $INFN, and $NUGT closing in the negative territory.

Below are the weekly chart which show more bullish tone except for $AMRN and $NUGT which are more on the fences.

$LRAD weekly chart below::

LRAD_weekly

I like the fact that price closed above the middle line of the long-range Andrew’s Pitchfork (purple lines).

$DMRC weekly chart below:

DMRC_weekly

This week bar completely recovered from last week red bar. Now it just needs to get over the 79 & 89 MA lines to begin the bull move.

$ORBC weekly chart below:

ORBC_weekly

It was a strong green bar above the 79 & 89 MA lines.  Breaking out of $7 resistance will be the next target.

$INFN weekly chart below:

INFN_daily

While I was late going in, this weekly bar looks strong for continuing upward momentum.  Price is also above the 79 & 89 MA lines.

$AMRN weekly chart below:

AMRN_weekly

Price was neutral at the bottom.  Price needs to stay above $1 for survival sake.

$NUGT weekly chart below:

NUGT_weekly

What more can I say, it is a catch-the-falling-knife play with a hard stop.  The reason why I decided to play this one is because of last week “almost” doji bar. It could mean a possible bottom. If it bounces from here, I’ll be OK; if not, I’ll be stopped out for sure.

Due to some minor corrections from $DMRC and $ORBC, my port gave back 1.2% for the day with YTD gain at 5.39%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, NUGT and 3.6% cash.

I noticed that $IBIO went higher today to close above $3.  While I did not take the trade, I’m happy for those who is sitting on profit.  I’m quite content with the money I made off from $IBIO and was “relieved” to be free from it.  To get back in will cause me to stress out about giving back gain I’ve made.  $IBIO is currently floating on air based on nothing more than their IP portfolio.  Any news of containment of the Ebola over the weekend will cause a gapped down situation in Monday morning.  I for one will certainly wish that this deadly Ebola will be contained over the weekend.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

 

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