The market corrected a bit today.

Looking at the chart, the correction was neither deep nor heavy.  It actually looked like a healthy pull-back.

But the market had it easy.  My port, on the other hand, took a slap on the face.

$LRAD took a fall with relative low volume.

Price found support at the 15 MA line and is still above both 79 & 89 MA lines.  Thus, the bull trend is still intact for the time being.

$DMRC, on the other hand, took out the previous pivot low as well as the 79 MA line.

While I didn’t like the fall today, the volume was also relatively low.  And both the 79 & 89 MA lines are still pointing up.  In the absent of news on retailers, $DMRC will be thrown around a lot by people trading in and out.  Since I’m holding this for long-term, I’ll have to put up with the volatility.  Today fall was actually quite significant.

$AMRN also took a tumble.

Price fell back below the 89 MA line.  Supports are the 15 and the 79 MA lines.  Since I’m holding this one for fundamental reason, I’m going to have to suck up the volatility as well.

$NMRX fall was as bad as $DMRC.

However, volume was below average.  I’m holding this one as well.

$BIOS took an early tumble so I bailed in the morning to cut losses.

I simply did not have enough conviction to hold this one like the others.  However, I’ll be keeping an eye for the bounce.

Out of the seven stocks in my port, only $KGJI was positive and $ORBC was only slightly down.

Needless to day, my port took quite a hit and gave back 3.1% today.  YTD gain is now 3.6%.  Ouch!  Nevertheless, in the overall scheme of long-term perspective, this drawdown is very much part of the deal.

Current holdings:

LRAD, DMRC, AMRN, ORBC, KGJI, NMRX and 7% cash.

From my other account:

I sold $FITX in the morning to cut losses when I saw price collapsed.  I also sold 50% of $ENRT to reduce risk.

Current holdings: TWD.V, ENRT, MCIG.

My 2 cents.

 

 

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Although the market was slightly negative, I considered it a neutral day.

The chart shows a small doji bar.  Since this doji is not sitting on a new high, I don’t see it as a potential island top doji reversal.  I see it as a possible pause before continuing on with the ongoing trend.

At this stage, I believe my basket of hi-beta stocks have settled into my port with not much trading activities going on.  Thus, my trading journal will be focused on analyzing the charts of current positions.

One position stood out today was the bounce of $AMRN.

Price finally broke through the resistance of $1.74 from May 2nd.  Unlike last Thursday where price broke thru the resistance but ended the day down; this time, price actually closed above the resistance line.  On top of that, price closed well above the 79 & 89 MA lines.  From here on, I see $2 the next resistance.

Giving recent scientific news regarding high triglycerides and cardiovascular disease, I can only see a continuing bullish trend for $AMRN. I also believe recent marketing campaign that utilized the screen personality of Rick Harrison from Pawn Stars will bring more awareness to the mass who otherwise do not even know Vascepa exists.  Now, they are going to call their doctors to inquire about this prescription grade fish oil that doesn’t increase your bad cholesterol LDL.  Another possibility is that the FDA may reconsider and reinstate the SPA with $AMRN for expanded labeling giving recent scientific studies.  If this happens, price will jump and I’m more than ready to welcome it.

The next stock that warrants attention is $BIOS.

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Price bounced and hit against resistance at $8.44 from June 11th.  Although it gave back some gain, a closer look at the chart reveals that today close is actually higher than all the closes of the last three weeks.  This is like the tiger has waken up and is only stretching its leg before getting up.  The way I see it, once the resistance of $8.44 is taken out, price is going to run…

Last Friday, I mentioned that $NMRX and $KGJI are on the watchlist.

$KGJI, at the least, bounced enough to touch the lower band of the consolidation range.

Giving today action, it is a relief to see a pause in the downward momentum.  Chart looks like there is a potential bounce from here.

$NMRX also closed in a positive note despite price took out Friday low during the day.

With a long-tailed doji, we may be looking at a bounce this week.

Thus, with both watchlist stocks bouncing some today, I didn’t have to take any action.

Despite a down day for $DMRC, my port still gained 0.5% thanks to $AMRN and $BIOS.  YTD gain is now 5.7%.

Current holdings:

LRAD, DMRC, AMRN, ORBC, KGJI, NMRX, BIOS (100% invested/speculated).

No activities from my other account:

My 2 cents.

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The market was splashing under water for most of the day but managed to close with head up in the air… Whew!

The daily chart looked good at the close despite its spending all day in the negative territory.  Again, the bear failed.

$LRAD saved the day by bouncing a bit.

Chart looked much better with price closing above the upper border of the previous consolidation range as well as above the 79 & 89 MA line.

$DMRC recovered by day close to settle a tiny bit above yesterday close.

Price is now attempting to bounce from a 50% retracement from previous low established in early June.

$AMRN did not take out yesterday low which was a positive sign that the bull is still intact.

Price bounced from yesterday close and stayed above it even at closing bell.  The interim short-term trend is still up and price is still above the 5 and 15 MA lines.  Price needs to take out the 89 MA resistance line next week to keep moving up.

$ORBC continued higher.

I like the fact that price closed above the 79 & 89 MA lines.  The overall interim trend is still up.

$KGJI continued to disappoint by trading below the consolidation range.

I need to keep an eye on this one; but I also don’t want to get out too soon.  Potential bounce from this one is very strong.

$NMRX suffered from a last minute dumping at the closing bell.

Despite the dumping, it was probably an unloading of a single investor looking to raise cash for the weekend.  Next week will determine if this dumping will trigger a fall from here.  There is still support at the $11.43 area.

Despite a negative close, $BIOS is still on an uptrend mode.

Currently the 15 MA line is a supporting line with price zigzagging along for the last two weeks.  If overall market continues to run next week, $BIOS may breakout to the upside.

So far, $KGJI and $NMRX are on the watchlist for potential bearish action; the rests are still in good shape for a good bull run.

Thanks to $LRAD, my port gained back 0.5%.  YTD gain is now 5.2%.  While these daily small % change seems trivial for my port, these are expected volatility while I’m waiting for big move on any one of my seven stocks.

Current holdings:

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

From my other account:

I’m still holding $MCIG, $TWD.V, and $ENRT.  They are all practically uneventful for the week as shown in the charts below:

 My 2 cents.

 

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The market had an up & down yoyo day.

Price was higher from the morning but turned negative in the latter half of the trading day.

At the market turned south, I decided to sell my $SWIR position for taking out the $20 support.  $SWIR made an impressive showing coming from negative opening to a positive price action during the late morning.  And when price started to fall off along with the general market, I wanted to reallocate cash to other stocks that showed strength in today drop.

$NMRX and $BIOS were able to resist the falling market; so I added more of these.

$BIOS looked like it wanted to go higher from the last five days of bull-bias small movements.

$NRMX was able to resist the fall and closed even for the day.

$ORBC dropped further to the uptrend line support.  I added a bit more today to build my position.  I like the fact that $ORBC are sending more satellites to space to increase its bandwidth on “Machine to Machine” communication.  The company name, “Orbcomm, Inc.”, has a futuristic ring to it… Ha!

$DMRC corrected a bit with $AMRN bouncing back. While the gain could not offset the losses, it was enough to cushion my loss on my port to 0.9% losses.  YTD gain is now 4.2%.

Current holdings:

LRAD, DMRC, AMRN, KGJI, NMRX, BIOS, ORBC, TIBX and 3% cash.

From my other account:

I bought $ENRT to add to my cannibis stocks collection.  $ENRT is a mini version of $FITX with a market cap close to 8% of $FITX’s market cap.  A huge difference.  This tell you the people are willing to place a huge market cap value on a good marketing campaign.  $FITX has all the fanfare of name dropping and aggressive “mission” statement that its market cap rivals that of $TWEED who already have a license with similar production capacity to produce and sell.  $FITX’s no license yet position commands quite an impressive market cap.

Thus, I find a small cap company like $ENRT a refreshing opportunity to participate in the cannibis market on the cheap.  Yeah, $ENRT could be a scam, so you say.  The way I look at it, $ENRT has enough of a story behind the company that is no better or worse than $FITX’s.  Both are waiting for Health Canada to give them a license to produce and sell.  So both have the same opportunity to collapse or run higher based on approval status.  But because $ENRT is so tiny right now, any run-up will be more pronounced than $FITX.

Currently, I’ve $MCIG, $TWD.V, and $ENRT for cannabis play.

My 2 cents.

 

 

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Bouncing away was the market way today.

Look at that nice bounce off the 15 MA line!

$KGJI announced that its Board of Directors approved a special cash dividend of $0.08 per share of common stock to be payable on July 31st, 2014 to stockholders of record as of June 30, 2014.  Seeing that my yield will be over 6% even if I added more today, I bought more to round up my investment size.  I believe $KGJI is having another stellar quarter such that they have more than enough cash to issue the special dividend.

Price spiked up but gave back much gain during the day.  There are simply too many investors who do not “believe” enough on this stock and its performance.  In time, this stock will eventually bounce and have its glory day.  I’m going to have to wait it out; meanwhile, it is nice to collect dividend while doing so.

$APRI took out yesterday low so I decided to sell my position to lock in small gain so I could use the proceed to add more $SWIR, $NMRX,and $KNDI.

Price fell right back into the middle of the symmetrical triangle.  If it can not bounce off the 89 MA line tomorrow, it does not look good.

$SWIR took out the 79 MA line resistance so I added more.

I need to see price continue upward and away from the 79 MA line to confirm the bull trend tomorrow or later in the week.

$NMRX corrected a bit but I added more anyway to round up my investment size.

Price maintaining above all MA lines offered much comfort in my holding this one.

$KNDI rallied hard today and I added more when it took out the 79 MA resistance.

Although price fell back below the 79 MA resistance, I’m going to see if it can continue the bounce.  If not, I may have to bail to lock in profit ’cause the 79 & 89 MA resistance can be tough to break thru.

$DMRC spiked up today but gave back all gain and some by closing bell.

Price probably will bounce around here waiting for news.

$LRAD bounced nicely today due to news that it received $1.7 million order from an International Navy in Southeast Asia.

Price jumped out of the consolidation range and closed above all MA lines.  Looking good so far.

$BIOS bounced off the 15 MA line and made an impressive run to the upside.

Unfortunately, the air went out and price fell back down some.  Price, however, still closed higher than the 5 MA line which is a good sign.

Today, five of my stocks were positive against three negative. Due to gain from $LRAD, $SWIR, and $KGJI, my port gained 1.25%.  YTD gain is now 6.5%.

Current holdings:

LRAD, DMRC, SWIR, KGJI, NMRX, BIOS, AMRN, KNDI and 2% cash.

From my other account:

Look like I sold $TRTC too soon since price bounced back impressively today. But then, I wasn’t willing to bet on the permit issuance; thus no risk, no gain.  So, I’m ok with that.

My 2 cents.

 

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The market bounced right off the 15 MA line as if on cue.

If price can close higher than today high next week, the bull is still in charge.

Anytime a short-term MA lines like 5 and 15 can act as support, it usually means the bull is still in full force.  What we have is a healthy correction the market needs to take a breath.

Today price action on $GALE reminded me of my sloppiness.  I was looking purely on chart and forgot to consider the fundamental reason why $GALE was down since January.  It only took a reminder from Adam Feurerstein to put some sense back in every head.  Needless to day, I paid for my sloppiness with a larger than expected losses since I added more in the morning.  Oh well, lesson is learned and I’m moving on.

$BIOS could not hold on above $8 so I’m actually taking heat on this one.

From the chart, the 15 MA line served as a good support for now.  Let’s see if price can bounce next week with the 15 MA as the launching pad.  I added a bit more in the morning to round up my investment size.  Hindsight speaking, my impatience had put me in disadvantage position on this stock.  If the 15 MA support hold, I’ll hold onto to the position; if not, I’ll have to decide if I want to take my losses and move on.  However, I’ve a feeling that if the general market is rallying next week, $BIOS will bounce as well.

$AMRN bounced slightly but still stayed on positive upward direction.

Although we had a new high from yesterday spike-up day, I consider the resistance is the high of two days ago at $1.56.  I added some more this morning to round up my investment size.

$KGJI was down slightly today.

Price is still trading inside the consolidation range here.  This stock has strong fundamental so I’m going to hang on to this for awhile with my eyes on the consolidation range.

$LRAD bounced nicely today.

Price is now trading at the edge of the upper consolidation range which also happens to be where the 79 & 89 MA lines are.  It looks like price action is setting up for a strong bounce from here.  Let’s see if this is the case next week.

$DMRC continued to bounce higher.

However, price is now banging its head against the resistance from Tuesday high (6/10) of $33.24.  I feel that it can be easily breached to the upside if the general market continues to bounce.

Thanks to the rally of $DMRC and $LRAD, my two largest position, my port was up 0.55% despite losses from $GALE and minor corrections from some positions.  YTD gain is now 4%.

Current holdings:

LRAD, DMRC, SWIR, KGJI, BIOS, NMRX, APRI, AMRN and 5% cash.

From my other account:

$TRTC corrected some today.

Price found support at the 5 MA line.  I’ll have to decide what to do with this position next week.

My 2 cents.

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Finally, a correction I’ve been waiting for…

But I was stopped out of my $TZA yesterday; so too bad.  There is a support from the 15 MA line.  If price can bounce from there, the bull is active.

I didn’t do much except to buy a starter position on $GALE with the available cash released from the three days settlement.

Price was above the 79 & 89 MA lines and the 5 and 15 MA lines are both pointing up. Although today closed negative after staying up positive all day, I’m holding this one to see which way the wind blow in the near future.

$DMRC held steady and closed on the positive note and above the 79 & 89 MA lines which was encouraging for the bull side.

Sooner or later, $DMRC will explode upward when retailers start to adopt its barcode format.  Of course, I’m betting that its technology will be adopted.

$BIOS bounced slightly which was an impressive feat giving the market was down.

With a green bar today, I see the uptrend is still intact despite the down red bar yesterday.  I’m still holding my shares I bought yesterday.

$APRI tried to rally but was being dragged down by the bearish market.

Price breached the downtrend line to the upside.  It is important that price do not retrace from here; otherwise, the downtrend line may become a formidable resistance.

Due to correction from $LRAD, my largest position, my port was down 0.7%.  YTD gain is now 3.45%.

Current holdings:

LRAD, DMRC, SWIR, KGJI, BIOS, APRI, NMRX, AMRN, GALE and 7% cash.

From my other account:

$TRTC was holding well today.

Price advanced cautiously.  Still holding.

My 2 cents.

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Finally, a correction day…

It was interesting ’cause even though it was a down day, $SPY still managed to come out with a green bar.  So, go figure.

With my $TZA opened green, I moved my stop to breakeven not long after the open ’cause I sensed the market wanting to bounce   It wasn’t long before I was stopped out of $TZA.  I was just happy to recover the losses from yesterday down day.

Since $SPY was acting bouncy, I decided to buy the two “Internet of things” stocks that I researched last night- $SWIR and $NMRX.

Both $SWIR and $NMRX are banging its head against the resistance of the 79 & 89 MA lines.

If prices can take out these resistances, it may run hard from here to the upside.  If not, i may have to contemplate taking a losses and look to buy back cheaper.  Regardless, I’ll have to find a way to stay with the “internet of things” stock for the long-ride up.

I learned a lesson on patience today.  After the open, I wanted to buy back some $BIOS. Instead of waiting for its to correct some more before buying, I went and bought when it was still trading higher in the morning.  With the DOW down at the open, I should have known better.  Now, I was sitting on a losses from the morning entry.

I like the strong yesterday up bar.  That was the main reason I bought back in.  I’m going to have to learn to take some heat on this one if I believe it is going up from here.  While today was a red day, price is still on an interim uptrend with price closing above the 5 MA line.

Despite a down day, there were only two stocks in my port that was down:$DMRC and $BIOS.  Fortunately, the rest of my position was either neutral or up slightly which was enough to offset “most” of the losses from $DMRC and $BIOS.  My port dropped slightly by 0.15%..  YTD gain is now 4.15%.

Current holdings:

LRAD, DMRC, SWIR, KGJI, BIOS, APRI, NMRX, AMRN and 9% cash.

From my other account:

$TRTC held steady for the day and I’m still holding.

My 2 cents.

 

 

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Away it went… up!

Look at the momentum to the upside!

Meanwhile, some of the my positions didn’t have the same momentum type of up movement…

$CLDX opened and headed lower which triggered my hard stop I placed yesterday.

While price recovered to even before closing; it did not have the same upward momentum to have a new high bar.  So, I did not miss anything by stopping out at small losses.

I bought $KNDI hoping to catch a bounce with a tight stop below yesterday low.

Nope, price did not take off like the $SPY and instead took me out by taking out yesterday low.  Looking that the chart above, You would think that it went out of air…Price also closed below the 79 & 89 MA lines.  So, I didn’t miss this trade for stopping out for small losses.

$BIOS opened higher than yesterday close so I bought back a starter position to test the water.

I even added more during the day; however, by end of day I decided to close out my position for small gain ’cause I didn’t want to hold this over the weekend when price only bounced modestly today.

$CREE went out of air by the close so I sold to lock in small gain as well.

With the $SPY shooting up, I didn’t want to hold any “swing trading” positions if price did not follow the same pattern.  $CREE gave back gain by the close so I sold.

$CLD also did not maintain the same $SPY upward movement; instead, it came back down from the intra-day high to settle back at the opening price to create a doji bar.

Nope, I was not willing to hold this one as well when price did not follow the $SPY so I sold for small gain.  Notice that price could not close above the 89 MA line which meant that these two MAs are still strong resistance.

I searched my emotional connection to selling out my $KGJI and $AMRN earlier last week.  The reason to my action was nothing more than letting the “momentum” of selling of other positions to carry over to these two positions which I actually hesitated to sell.

“Why not?”

A simple “Why not?” pushed me over so I clicked, clicked, and clicked to sell $KGJI and $AMRN to my own chagrin.

Since $LRAD and $DMRC are my long-term fundamental play, I left them alone.

Regardless of my non-stellar performance of the positions I sold, $LRAD and $DMRC both gained enough for me to recapture 1.2% in my port.  YTD gain is now 3.3%.

Current holdings:

$LRAD, $DMRC, and 46% cash.

My 2 cents.

 

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Market continued higher- like seven days in a roll (except for one tiny pause couple of days ago.

Wow, that was as bullish as the market can get.  Can the market break its five years cycle of rally and turn 2014 into a six years bullish run for the first time in 21st Century?  Remember, we are the ones who define the rules; whereas market will go where it pleases. Think about it, if you don’t have your money in the market, where else can you put your money?  CD in banks?  Money market?  Real estate?  There is really not much of a choice.  The stock market is the only next best thing to combat inflation. Yes, inflation where our Gov’t tells us there isn’t one. Housing price, gas price, and food prices are all creeping up.  Ok, cost of computer hardware are going down, whoopee doopee; but that is not essential to survival.  All costs related to essential survival are going up and will continue to go up as the population continues to expand in a world where the average lifespan is much longer than our parents and grandparents.

What about the collapse of the momo stocks/Nasdaq for the last two months?  Isn’t that a “forewarning” of what is about to happen to the general market?

Good question.  Sure, there is a “probability” of that happening.  On the other hand, there is also the probability that the correction of the momo stocks are simply the market cleansing itself out so that it can continue its ascent.  Think about it.  Comparing to history, the recent correction of the Nasdaq/momo stocks for TWO MONTHS straight failed to bring down the general market according to the “Nasdaq leading the general market trend” thesis.  Instead, the S&P500 was able to fight the Nasdaq gravity pull and started to head back up to make new high while the Nasdaq is still fighting to head back to the previous high.

Take a look at the daily Nasdaq Composite Index chart below.  I’ve highlighted the consolidation range based on what the immediate pivot highs and lows after Nasdaq made new high on early March.  This is the same formula I used to highlighted the SP500 consolidation range you see above.

Notice how the Nasdaq had collapsed below the consolidation range, bounced off the 79 & 89 “magical” lines, and then broke thru below the 79 & 89 MA lines by mid-April to find support at the previous trend low at beginning of February.  Meanwhile, the SP500 was able to stay inside the consolidation range most of the time with a short-term dip below the consolidation range in mid-April in sympathy to the Nasdaq drop but that was the extent of the Nasdaq pull.  The SP500 bounced back up above the 79 & 89 MA line and into the consolidation range immediately after the dip and began the ascent back to the top of the consolidation range while the Nasdaq continued to be affected by the gravity pull during the same period.

Now, after reviewing both charts (SP500 and Nasdaq), Who is leading who now?

Based on the old “Nasdaq leading the SP500” thesis, the SP500 would not be making new high; it would be making new low.

But that isn’t the case right now, Isn’t it?

Folks, we are entering into a new era where it may be more productive to follow the general market trend instead of making prediction of coming doom and groom ’cause of the five years cycle established in the past.  You really cannot apply the past to current market condition ’cause there were no QEs for such an extended periods in the past.  The whole mechanism of the market has evolved to the point where the past is the past and new rules are being formed per current market environment.

The dynamic of our population increase demands that the market continues to stay healthy.  Otherwise, the consequence of a market crash will be ten-fold worse than the past.  The world knows it and will do everything to prevent a world-wide market collapse for the consequence will be unbearable.   The collapse in 2008 gave the world leaders a glimpse of the monster that could set the human race back in time.

All things considered, I believe we are setting the base here as the next support when the market correct in the future.  In other words, I believe the market will continue to head higher from here and current level is where the base is for the next correction to find support.

Enough of my market philosophical 2 cents…

I added to $BIOS today ’cause price opened higher and moved higher.

Now, that is a nice looking bullish pattern there.  I need to hold on to this one for the ride up.

I bought back $AMRN when I found out that the House Fiscal Year 2015 FDA Appropriation Bill & Report includes the following:

Special Protocol Assessment Agreements.—The Committee is concerned about questions that have arisen in connection with the rescission of a Special Protocol Assessment Agreement (SPA), including fundamental questions concerning FDA’s adherence to the statutory and regulatory guidelines that apply to the SPA process as well as to questions concerning fairness to the sponsors. The Committee would like to reiterate that FDA is expected to adhere to the established standard as informed by the Congressional Record and the 1997 PDUFA Goals Letter.

I’m thinking that the FDA may take some action to “save face” that end up benefiting $AMRN. Of course, the FDA may not even care and continue to punish $AMRN for whatever reason. If price could not find support at $1.40; I may have to think about cutting losses once again.

Next, I sold $DNN for breakeven before price fell back down below my entry point.  I bought this for the momentum and I did not want to stick around when momentum died down.

I also bought $KNDI for the bounce but decided to bail by closing bell when price did not perform well for the day.

$LRAD had a very nice gain today which helped my port quite a bit.

Price bounce right back above the 79 & 89 MA line and look like it may gun for the nearby resistance soon.

Despite a pullback from $DMRC, $KGJI, and $AMRN, gains from $LRAD and $BIOS more than offset the losses that my port gained 3/4 of a percentage for the day.  YTD gain is now 5.1%.

Current positions:

LRAD, DMRC, KGJI, BIOS, SEED, AMRN and 15% cash.

From my other account:

$NVLX corrected a bit today but I’m still holding. Next week will be telling on this stock.

My 2 cents.

 

 

 

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