Market, like a newly minted wonderboy, simply walked past the resistance as if it was nothing to be bothered with.

$SPY closed at new high. Let’s see if this wonderboy can continue to walk up the hill.

Well, today is the day my port take a pause and go thru the “correction” phase after hectic days of moving up in a fast-paced speed.

$STV started the correction with a less than stellar performance.  My expectation was dashed when the revenues were less than same quarter.last year.  I was expecting some add’l revenues from the new “cloud” members but that hasn’t even begun yet.  Oh well, while not hitting the ball with $STV, I was spared by the fact that price did not gapped down 50 cents or more at the open.  It gapped down moderately and I took the opportunity to get out when the momentum after the open was to bounce some.  Thus, I was selling into the bouncing price instead of a falling price.  Whew!  I cut my losses nicely by executing my exit plan without hesitation.

With the proceed from the sales of $STV, I added some more $AMRN, $HYGS, and $ORBC to round up my investment size.

$LRAD finally took a tumble after eight day of going straight up (ok, with one day in the red three trading days back).

While it has a bearish engulfment candlestick pattern, it still needs to be confirmed by taking out the low of today bar.  I’ll be looking to buy some $LRAD for trading with my other account.

$HYGS continued to correct.

Price is now settling at the support line.  Let’s see if it can bounce from here.  I added some more around this support area.

$AMRN also dropped a bit.

But chart still looks bullish.

$DMRC and $ORBC are still struggling at the bottom of the trend.  I still have strong conviction on both to continue to hold.

Due to all five stocks being down plus the losses I’d to take for $STV, my port gave back 4.8% today.  YTD gain is now at 12.5%.

Current holdings: (and then there are five…)

LRAD, HYGS, DMRC, AMRN, ORBC and 5% cash.

My 2 cents.

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Market is approaching previous high which is going to be quite a resistance.

Can price breakout to the upside and make new high?

Today, five of my six stocks were down but $LRAD still managed to carry the port to the upside by continuing to advance.

Price came close to previous high of $3.36 and then back down.  Regardless, price still close a respectable 7.26% on the upside.  After hour price is up so maybe tomorrow it will break out of the resistance.

While $HYGS was down today, the chart still looks bullish.

See how price settled at the 15 MA line. I like to see price bounce tomorrow; otherwise, there may be more correction in the wind.

Like $HYGS, $DMRC closed lower but also settled near the mini-uptrend line.

Again, will like to see price bounce tomorrow.

$AMRN, although down slightly, still exhibits a bullish trend.

Price is still trading above the 5 MA line.

$STV earnings came out and it didn’t excel as I’d hope.  Price may sell off tomorrow and I may consider cutting losses.

Thanks to $LRAD once again, my port still managed to gain 1.3% despite five down stocks.  YTD gain is now at 17.3%.

Current holdings:

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

My 2 cents.

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Up up and away!

So go the market.

And so go my port as well!

$LRAD rocked!

Price continued to advance another 11.8% today.  Since the earning release, price has advanced 55%.  From the weekly chart above, $3.36 is the next resistance to break through.  With the momentum it has, I don’t see a problem here.  Do you?

$DMRC bounced some today.

As you can see on the chart, prices are leaning toward the upside.  Cautiously advance in a slow-steps to avoid waking up the bear.

$AMRN continued to advance.

Although it was a soft advance it looks solid for a bull-sight.

$ORBC bounced a bit higher and is now getting ready to break out of the 79 & 89 MA lines.

It may happen tomorrow.

$HYGS and $STV was down today.  With $STV earnings coming out tomorrow, the negative close was to be expected.

Thanks to $LRAD spectacular rise, my port gained 4.9%.  YTD gain is now at 16%.

Current holdings:

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

My 2 cents.

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It is inevitable that the market will try to correct after so many up days.

The $SPY started the day higher but then succumbed to profit-taking.  However, by closing bell, market recovered to close at breakeven.  It was quite an impressive feat considered how long the tail was on today candlestick bar on the chart.

Nothing go straight up; thus I expected correction to my recent fast-tracked increase of my port.

$LRAD gave back 5.5% after five days of higher prices which wasn’t so bad considering.

Price is now settled at the upper-trendline of the Andrew’s pitchfok pattern.  News of new order from US Coast Guard or the Middle East mass notification city installation will propel the price to higher ground.  So, this is going to be one heck of a wild run here.

$HYGS gave back a slight 1.6% which wasn’t so bad.

Price is still above the 5 MA line and the chart looks bullish.

Although $DMRC closed down, I like what I saw on the chart.

I like the way price bounced back up from the low before closing.  The odd of a bounce from here.looks good.

$STV attempted to breakout of its recent consolidation but failed at the end.

However, the real deal is next Tuesday when earnings is reported.  It is my belief that their numbers will surprise us to the upside.

$AMRN was holding its ground.

The chart showed a normal pause after a big one day increase.  I believe more good news will come to Amarin.  A buy-out or a FDA favorable decision, take your pick.  Or should I say roll your dice?  Like a blackjack counter, I counted a lot of high cards in the shoe, so my odd of winning the hand is high.  So let’s see how my cards play out by mid-Sep which is when the FDA may announce their decision.

Due to corrections from $LRAD, my port gave back 2.9%.  YTD gain is now  at 11.1%.

Current holdings:

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

My 2 cents.

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The market rallied back up inside the previous consolidation range.

It is looking good from here.

Today, three of my six stocks staged strong rally of over 6% with $AMRN leading at 11.5%, $LRAD at 8.3%, and $HYGS at 6.7%.   In term of dollar gain, $LRAD lead with $HYGS second, and $AMRN third simply because $LRAD is my largest position with $HYGS being the 2nd largest.

$AMRN, for some reason, was rallying hard with no news.  Maybe somebody knows something…

Price broke out of resistances that went back from May to July.  This is very positive for the bull.

$LRAD went over the upper bar of the Andrew’s Pitchfork which was a very powerful move.

Next resistance is the Aug 2011 high at $3.36.  The above is the weekly chart.

$HYGS broke out of its recent mini-consolidation range.

Price looks good to move on to $28+.

These three positions helped my port gained an astounding 5.5% in one day. YTD gain is now at 14%.

Current holdings:

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

My 2 cents.

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Finally, the market bounced nicely.

See how the price closed above the 79 & 89 MA lines?  The chart looks good for a continuing bounce.

Today my port made a nice comeback.

$LRAD opened high and proceeded to reach the after hour of $2.46 high with high volume.  But, as expected, profit-taking came in and dropped the price back down to a respectable 15% increase for the day.

From the weekly chart above, price closed at the previous resistance at $2.24 which was the high back at early February. If the general market continue to bounce next week, I don’t see why $LRAD will not follow with higher price.  Any news on deals mentioned on the earnings conference call will cause price to spike up.  I expect it to break out of previous high of $3.36 established in the week of August 1st, 2011.

Per the Q3 earnings conference call, there are numerous potential sizable deals on the tables that may become revenue in Q4 and beyond.  Any news on any successful deal will take price to the next level.  The larger the sales amount in the deal, the higher the price will go. Still holding long and strong.

Due to delay of FDA decision to mid-September, $AMRN did not jump. In fact, $AMRN traded down but recovered near the close.

I like the way $AMRN closed on the chart.  A long tail with close at the 89 MA line.  I can see a bounce coming here.

Although $HYGS was the only stock in my port that was down, the chart still looks strong.

See how price closed above the 5 MA line.

$ORBC closed strong with a bullish engulfment bar today.

I can see price bounce from here to $7 and beyond.

$DMRC and $STV continued to hold steady and leaned toward bouncing higher.

Thanks to the spectacular rally from $LRAD, my port was up 3.9% for the day with YTD gain now at 3.3%.

I’ve a good feeling that I may end the year strong provided there is no large market correction to intervene.

Current holdings:

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

From my other account:

I added more $INFN.

The daily chart above tells me that the probability of a break out is still above 50%.

My 2 cents.

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The bear finally found the bull weak spot and pushed its advantage.  As a result, the market fell hard.

However, price is approaching the 79 & 89 MA support lines.  I’m anticipating a bounce from here since it is near the support MAs.  As seen from the daily chart above,although today was down big, it is still within the context of the bull market.  In other words, the major uptrend line has not been violated yet.  If it bounces from here, the bull is still on.

While five of my seven stocks were down, $AMRN rallied hard thanks to Adam Feuerstein, who foresaw the collapse of $AMRN before it actually happened, wrote a somewhat bullish thesis in that $AMRN is a good bet with good risk/reward ratio.. Thus, $AMRN singlehandedly stopped my port from taking a big hit in today market avalanche.

See how price took out the high of $1.78 established in July 1st?  This confirmed a more bullish stance ’cause the two previous pivot highs (May 2nd and July 1st) had been taken out.  Now, if price can only stay above the $1.78 for the time being while waiting for the FDA decision.  In reality, despite my up day on $AMRN, the gain was on borrowed time ’cause if FDA voted no again, down it goes.  However, if FDA votes yes, it will make my day as well as my year.

Another stock worth mentioning is $HYGS.

Despite being down more than a buck during the day, it had enough buyers to push it back to close at 46 cents lower.  Being a small float stock, it was a strong performance in a down day.  If I had spare cash, i will see any price below $22 a good bargain to buy more.  I guess I wasn’t the only one thinking this way.

I was surprised to see $STV closed higher for the day.

It did trade lower but it came back to close higher.

I had a strange incident today with my $KGJI cash dividend.  I saw the money in my account as promised by previous dividend declaration news from $KGJI.  Then I found out later that $KGJI actually was postponing issuing the dividend until August 28th.  What’s up with that?  Since I already got my dividend in my account, I thought I lucked out with a premature slip.  I used the proceed to buy more $AMRN.

Lo and behold, when I looked at the online statement just now, I found that $KGJI actually pulled the cash dividend out of my account!  What bug me was that $KGJI had a whole month after announcement of dividend declaration to seek approval from their government, why now?  Anyway, I’ve to revisit my conviction in staying with this stock.

If $KGJI had not pulled out the cash dividend, I would have a positive day.  Instead, my port suffered a small 0.5% losses thanks to $AMRN for saving the day.  YTD losses is now 1.4%.

Current holdings:

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

From my other account:

I placed a breakeven stop on $KNDI and was promptly stopped out in the morning.  Oh well…

My 2 cents.

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The bear paws were big and ugly, tried as it might to push the bull underwater, the horn of the bull could be seen splashing water while fighting to free from the bear paws..  By the closing, the bull head could be seen above the water smoking a cigar while the bear was napping from exhaustion.

Due to the long tail, I say the bull has a good chance to regaining some more ground tomorrow.

Today was a bright day for me.  $HYGS continued to shine over my port.  As expected, investors like what they’ve heard on the earnings conference call.  I believe $HYGS is currently trading at the bottom relative to future price trend.  It doesn’t matter it is $22 or $24, we are still at the bottom.  Imagine five years later when 10% of the country is driving fuel-cell cars or that 20% of the power-grid is hooked up to power-to-gas hydrogen storage system around the globe.  Are you seeing the picture here?   Remember how long it took 3D printing technology to become relevant to investors’ mindset?  Well, I believe the time has come for fuel cell technology to become relevant in our near future.

See how price closed slightly above the $23 resistance.  I like to see price traded above $23 going forward to maintain the bull stance.  However, I won’t hold my breath for it.  Giving its low float status, price will trend up in a wavy manner like a guy running in zig-zag to avoid getting hit by flying arrows.

$DMRC continued in forming a U-shape curve back to the upside.

However, I like to see price get back above the support line as soon as possible.

$AMRN broke out of its small symmetrical triangle.

I like to see price head back above the 89 MA line.

Today, four stocks were up with three down slightly.  Thanks to a big part in $HYGS, my port gained 1.9%.  YTD losses is now 0.9%.

Current holdings:

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

From my other account:

I bought $KNDI for a trade and added more later in the day.  I’m still holding my position as of now.  I like the idea of On-street EV charging/Parking stations since they are much easier to build out comparing to the EV car-sharing garage.  Having the City to allocate the street parking for the EV charging spaces is much easier than negotiating limited land space to build out garages.  In fact, having on-street charging is very similar to the immensely popular bicycle sharing program in China.

My 2 cents.

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Market succumbed to the bear pressure and went down today.

While the overall trend is still up, today down day penetrated the current short-term uptrend line that started from April 11th.  While this minor dip may not mean anything for now, we will need to watch the future price action carefully.  If price can climb back above the uptrend line, the bull is still in charge.  If this short-term uptrend line cannot hold, then the next support is the support line around $SPY 195.  After that, the 79 & 89 MA support line at around 193.

Today, four of my stocks were up while three were down.  $HYGS took out Friday high but gave back gain to close a bit lower due to earning update tomorrow.  Where price heads next will depend on tomorrow earning guidance.  Since I’m bullish in hydrogen fuel cell technology from $HGYS, I’m holding this stock for long-term despite earnings announcement tomorrow.

$DMRC bounced slightly but I take it as further support at Fib 61.8% retracement.

$ORBC and $AMRN bounced nicely to reflect potential bullish stance.

Notice that $ORBC is bouncing off the support line.

While $AMRN today bounce may be a prelude to breakout of the small symmetrical triangle.

Thanks to $LRAD partial recovery today along with three other positive up stocks, my port was able to gain back 0.6%.  YTD losses is now 2.8%.

Current holdings:

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

My 2 cents.

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Market kicked the bear down the stairway and continued on higher…

For now, the bull have the rest of the week to figure out how to take out the resistance that’s been stopping its advance.

Meanwhile, six of my seven stocks went up today.  $HYGS was fantastic in the day but gave back all gain by closing bell.

$AMRN led the gain with a nice bounce on the chart.

If this bounce takes hold and begin a new trend up, it will be the 3rd wave of the Elliott Wave theory.  And the 3rd wave is usually the longest wave of the 5 waves pattern.  I expect this 3rd wave will exceed the Jan high of $2.75.  If FDA changes its heart and approves the label expansion of Vascepa, then this will be one of the longest 3 waves in the history of stock charts.

$STV continued to inch higher.

So far, it is trading in the middle of the consolidation range.  Did you notice that the 5 MA is about the cross-over the 15 MA line?

$KGJI bounced well today.

Price is now over the 79 MA line. I see somebodies are finally taking notice that $KGJI is an undervalued “gold nugget” that is waiting to be appreciated.

$DMRC bounced nicely during the day but gave back gain by closing bell. All the weak hands practically left the party before the earnings update tomorrow.  I’m still holding my ticket to the party and is looking forward to have a happy time.  Let’s see if that is the case tomorrow.

Yesterday, i mentioned that the thought of holding $KNDI thru the drawdown was a better deal than my current $DMRC dilemma.  However, looking at the math, it really wasn’t.  To hold $KNDI from $18.5x (from where I took profit) to under $11.00 would involve sitting thru a drawdown of 42% from $18.50 and 52% from the high of $22.4.  Meanwhile, I’m only sitting on a 23% drawdown on my $DMRC position.  That number will change for better or worse after tomorrow update.  It is only from the hindsight of $KNDI recent rally that it “looked” better.  Well, all these number crunching were just to put my perspective back in place.

Thanks for $AMRN leading the gain, my port gained back 1.2% for the day.  YTD losses is now at 3%.

Current holdings:

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

From my other account:

Still waiting for Health Canada response while $FITX position is taking in water…

My 2 cents.

 

 

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