Looking to the right, then left… nothing in sight, the bull then cautiously trotted onward.

Price continued to move higher; however, it needs to pick up speed soon or it may start to dip down.

Today was a correction day for my port. Except for the energy and gold, the rest was down.

I added more $NUGT when it took out yesterday high. Unfortunately, I was still recovering from Wednesday stop-out when I loaded up big; thus my position is only half of what I bet in Wednesday’s chip size..  In hindsight, I was one day too early in loading up.  Sometimes, suffering a bigger hit can affect your propensity to remain aggressive in the same stock.  Instead I diversified my cash to $URA to play safe.  Although $URA also bounced, it did not bounce as much as $NUGT.  But these are all hindsight talking, I should be happy that today price gain on $NUGT recovered the losses I took in Wednesday stop-out.  And I should be happy that I went back in despite multiple times of stopping out for small losses.

While the bounce is impressive, it has yet to prove that the bottom is in.  Although I like to load up “at the bottom”, sometimes you just have to take the gift of the momentum when you see one.

The weekly $NUGT chart above shows the first weekly green bar after nine consecutive red bars.  I may add a bit more if price continues to advance.

$URA has an impressive bounce today.  I’m so glad I’ve decided to buy some yesterday.  Sometimes chart reading can help you get that “nudge” to move in.  The double-bottom setup was a tale-tell sign even though it wasn’t a guarantee, the odd is better than 50% a bounce can happen if the price did not drop the following day.  That was why I bought yesterday when it did not open down to negate the up day before. And when price opened higher today, it increased the odd of a continued bounce so I double-down after the open.

Weekly chart below:

Both daily and weekly charts show a strong bounce.  As long as price does not take out recent low from here, I believe we are seeing the bottom in uranium.

$BAS also bounced but not as much as $URA.  However, I’m taking any bounce regardless of % gain since a continuing upward momentum is needed to change the trend back to up.

At least the price closed above the 5 MA line which is a good positive sign.

The weekly chart, on the other hand, is not so encouraging.  The next weekly bar needs to take out the high of this week bar to confirm a good reversal bounce.  Nevertheless, the 2013 low is right below to act as support.

$DMRC spent the week consolidating around the low of Monday down day.

I take it as a good sign that price did not break below the 23.6% Fib retracement support (blue line).

The weekly chart above simply shows a normal correction after three weeks of up bar.

$LRAD corrected a bit more today.

While there wasn’t much of a follow-up to Tuesday big move day, the weekly bar above still shows a price increase from last week.  In other words, price is advancing slowly. I’ll take that anytime any day over a down week.

$ORBC was down ’cause the secondary offering is priced at $5.60.  Price has no choice but to follow-thru to find the equilibrium.  But it doesn’t need to stay there as I’ve learned the hard way from $CLDX which I got out after the offering and missed the spectacular rise from $7 to $20+.

I like the way price regained momentum to close near the high of the day.

From the weekly chart above, I like the fact that price regained momentum to close above the 89 MA line.  I’m excited about the acquisition for I believe it will put $ORBC into strong competitive advantage over the long-run in the M2M sector.  I’m holding this one for long-haul.

Due to corrections from $LRAD, $DMRC, $ORBC and thanks to gains from $NUGT, $URA, and $BAS that helped cushion the losses, my port gave back 2.2% for the day with YTD gain now at 10.5%.

Current holdings:

LRAD, DMRC, ORBC, BAS, URA, NUGT and 3.8% cash.

From my other account:

$MCIG had a good week with this week bar higher than last week.

I’m waiting for my dividend share of the spin-off for Vitasig.

My 2 cents.

 

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

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?

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.

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.

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.

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:

Weekly chart below:

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.

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.

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

My 2 cents.

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After an initial dip into the water, the bull marched back up the hill with the hill top within sight.

The uptrend is quite convincing at this point.  Price is approaching the recent high and we may even make new high next week if the momentum continues.

I made a new trade today by adding $STV with a starter position to my port..  I’m expecting a rally from here to mid-Nov before earning report.

Price “tried” to rally but frizzled out.  Since it is still supported by the 89 MA line, I like to see it rally next week.

$DMRC continued to impress by closing positive again.

I see more positive development going into November.  Digimarc will be showing their Mobile Payment Solution at the Money 20/20 Conference in Las Vegas next week.  Let’s see if they can make a splash with their technology.  Any positive acceptance to their mobile solution will add another major revenue stream alongside their Digimarc barcode system.  This will create a significant upside in price movement for $DMRC.  Of course, there are a lot of “IF” here and there.  But I’ve my chips on the table for the bet.

$LRAD did not partake into today general market rally.  It corrected a bit instead.

There is really nothing to do but wait for earning report and news on the Middle East mass notification sales.

$ORBC had an impressive come back after an initial drop at the open.  Due to my strong conviction, the morning drop did not faze me.  I wished I could say the same for $GALE which obviously rallied on after shaking me out.

Price has now reached back to the 79 & 89 MA lines.  Perhaps tomorrow or next week, it will rally on ahead to $7.

Due to $LRAD correction, gains from $DMRC and $ORBC were reduced to only 0.4% for the day.  YTD gain is now at 11.1%.

Current holdings:

LRAD, DMRC, ORBC, STV and 13% cash.

From my other account:

$MCIG finally bounced today as I’d expected.

I like to see price bounces from here.

My 2 cents.

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The bull had a bad hiccup but recovered later in the day.

Price bounced off the 5 MA line and closed only a bit lower than yesterday which is actually a good sign considered that there would be no more QE.

Today, I was literally shaken off my position on $GALE.  Seeing price fell off all of a sudden to low $2 from $2.07, I started to unload my position ’cause I didn’t have a lot of conviction on this one.  I also began to see the recent bounce as a possible ABC correction pattern if the breakout to the upside didn’t work out.  Seeing that Monday is the earning day, I decided it was too risky to hold at this point.  As usual, after I was out, price jumped right back up and even closed higher for the day.  This is what happen when you don’t have conviction on a stock.  With the conviction I’ve for $LRAD, $DMRC, and $ORBC, the short-term trading volatility does not faze me at all.  One way to explain it is that my conviction has grown root into my mindset such that it is as strong as a tree with root in the ground.

$AMRN is like a tree that has been blown off the ground by tornado so many times that it no longer has strong root.  Thus, any slight disagreement with the price direction can trigger my mental stop loss quite easily.  With price dropped to near 0.9 even, I unloaded $AMRN to take small losses.

$NUGT was a no brainer in cutting losses when price dropped like a rock after spiking up to $19.4x. I cut my losses when I realized $18 was not going to hold.

$DMRC showed strength when it was able to counter the sell off to close higher for the day.

In its subtle way, it actually had a higher high and a higher low for the day.

$LRAD had a slightly lower closing.

Nevertheless, price is still above the 5 MA line.

Due to losses from $AMRN, $NUGT, and $GALE, my port gave back 0.7% today with YTD gain at 10.7%.

Current holdings:

LRAD, DMRC, ORBC and 15.6% cash.

From my other account:

I’m still holding $MCIG despite another smaller drop today.

From the chart, It may bounce from here due to a smaller range day and lower volume.

My 2 cents.

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Today was a stuck-in-mud day for the bull.

The good news is that price is still inside the 79 & 89 MA lines and above the 5 MA line.   There is still no sign of the bear nearby despite being stuck.

Today, only one turned red in my port.  I also bought a starter position on $XONE.  I’d been eyeing this one for awhile and decided today would be the good day to go in.

Price was barely above the 5 MA line when I bought and I like the fact that price was staying above the 5 MA line during the morning time when the market was in negative territory.  It was a good buy since my position is in solid green by closing bell.

$DMRC continued to march ahead.

After an initial dip, buyers came back in to drive the price back up.  Just as easy as the short had walked the price down, the bull is walking the price back up.

$LRAD spent the day maintaining its range above the 79 & 89 MA lines while waiting for the coming earnings result.

While price hasn’t shot up yet, everything in the chart tells me something is about to happen soon.

$ORBC continued to disappoint by having another down day.

I’m curious about the coming earning result. Did they pick up more customers from the new six satellites they recently launched?  We will have to wait and see; but I’m confident the fundamental behind $ORBC will be in solid ground in 2015 and beyond.

Thanks to $DMRC continuing strong rally, my port gained another 0.6% today with YTD gain at 9.1%.

Current holdings:

LRAD, DMRC, ORBC, XONE and 13.9% cash.

From my other account:

$MCIG had a correction today.

I’m still holding ’cause I like the fundamental behind Vitacig.

My 2 cents.

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“Bear market?  What bear market?”

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:

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.

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.

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.

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.

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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The bull bumped its head on the 89 MA line and fell back down.

After three days of continuing up day, it’s about time to take a much needed rest.

Meanwhile I made two “not too keen” decisions.  I sold out of $AMRN and $INFN after the market opened.  I got a bad feeling about the market and felt that I needed to raise some cash.  I started off selling only 50% of $AMRN but ended up selling the whole load.  With $INFN, I researched market reaction to its previous earning calls and found out that more than 50% of the time, the price ended up reacting negative afterward.  Thus, I decided to play safe and sold at the open to avoid the risk.  My previous experience in giving back a sizeable gain from $CERS earning announcement is still fresh in my mind.  Another factor that made it easy for me to close out $INFN position is that I’ve not invested enough due diligence to understand its business the way I’d done with $LRAD, $DMRC, and $ORBC.

As if I was being punished, $AMRN spiked up to $1.10 after I sold and $INFN forward guidance resulted in higher price in after hour.  Oh well… I can’t hit the jackpot every time.  I may try to buy back in $INFN or $AMRN tomorrow.

I’m very satisfied with $DMRC progress per the earning conference call.  Regardless of price action either way, I’m holding my shares.  In a nutshell, one retailer is already in “production” with their Digimarc barcode and they are getting more retailers and major brands knocking on their door.  Their induction into GS1 partnership definitely helps grease the wheels so to speak.  If you need more information, you can read it from here.

Oh yeah, I doubled-down again on $NUGT with a tight stop and it was hit along with my original stop as well.  Basically, I’m now flat on $NUGT.  What more can I say?  This bottom fishing did not work out.

With more cash available, I couldn’t help but added a bit more to $LRAD.

With all stocks down today, my port gave back 2.5% with YTD gain at 4.6%.

Current holdings:

LRAD, DMRC, ORBC, and 17.7% cash.

From my other account:

I was tempted to add more $MCIG but decided against it.  It was struggling today but still closed decently.

Daily chart still shows a potential to bounce from here.

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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Market had another strong bounce today.

However, the strong bounce only became evidence in the latter half of the day. Price is now near the top range of the previous consolidation range.

In the morning after the open, although price was higher, it wasn’t very convincing.  As a result, I sold my swing trade positions $GWPH to lock in profit; sold $CARA with very small gain, closed out $NUGT with a small gain (gave back a lot of gain from yesterday) due to lower open.

I also bought a starter position on $TZA and $FAZ to see if the market would drop later in the day.

Nope.

Due to my not paying close attention during the day, I had to close out my $TZA and $FAZ at a larger losses than I had planned for. Regardless, when I found out $TZA and $FAZ had fallen hard, I sold for losses without hesitation.  If I made a mistake of not paying attention, I should not try to compound the mistake by “wishing” for a bounce to reduce my losses.  Sell and move on.  Good thing I did ’cause the market rallied hard to the close which would have costed me more losses if I hadn’t sold.

With the market rallying hard, I bought back $NUGT looking for more bounce in the week.

From the look of the chart, $NUGT looks good for a continuing rally.

$SVA looks good for a bounce off the 79 & 89 MA lines so I bought back some position.

Love that green solid bar that used the 79 & 89 MA lines at the launching pad. I will add more if price takes out today high tomorrow.

Next, I added more $SEED.

$SEED mirrored $SVA on the bounce off the 79 & 89 MA lines.  I’ve been watching $SEED closely ’cause I don’t want to miss any sudden rally due to China’s decision on the GM seeds offered by $SEED.  An approval will pop this one up like a rocket launch in a high school science project.  But in a general market correction, everything goes down regardless of how compelling the story is; thus my being in and out for safety reason. Now, let’s see if this one can climb back up to $3.00.

I missed out on the continuing rally of $GWPH after I sold for smaller profit in the morning.  $GWPH rallied hard after I sold.. oh well, playing safe had its cost; but it definitely worth it and I’ll do it again if I feel/sense a market collapse in the horizon..

Despite my larger than planned losses on $TZA and $FAZ, my port bounced back today thanks to rallies from $LRAD and $SEED.

Current holdings:

LRAD, SVBL, SEED, NUGT, SVA and 52% cash.  Despite the waterfall market last week and this Monday, I am able to maintain the 12% gain for the year.

From the other account:

$MCIG continued to rally hard and barely took out the resistance level at $0.80xx.

If you look at the daily chart closely, you can see the head and shoulder pattern.  Both the left and right shoulder have a $0.80xx price level which prove to be a difficult resistance to break thru.  As a result, I sold my position to lock in gain,(or should I say ‘recover my earlier losses plus some’).

$FITX was getting hit today due to an article regarding the issue of a “barn” size.  Apparently, someone at the city council had decided the size of the barn doesn’t fit the definition.  To me, it is just political maneuver trying to get $FITX to pay a higher taxes to the city.  Hey, the way I look at it, it is a non-issue and price will bounce back once $FITX works it out with the city council.  Still holding long and strong.

My 2 cents.

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Market finally bounced today!

Wow! Did you see that price bounced off the 79 MA line?  Magical!

The morning didn’t exactly started out with a big bang going straight up, the bear actually tried to push the bull head under the water but only succeeded for about half-an-hour. The bull, after having suffered a moment of weakness with the bear’s taunting, finally realized that it could use its horn to gore the bear stomach.  Ouchwee… the bear let go of the bull and the bull bounced right back up.

Sensing the bull attack, I started to buy back starter position on $CARA and $SEED.

The chart above shows that $CARA could bounce from here.  I like to see price takes out the resistance around $20.50ish.

Since I’ve been eyeing $GWPH, the surprised lower open gave me an opportunity to buy back some on the cheap.

The green bar after a near doji bar could be a formation of a bottom.  The next few days will be telling.

I like the higher open of $NUGT and added a bit more.

Price closed above the high of two trading days ago and is looking good for the next leg up to take out the 89 MA line. See how the 5 MA line is turning up along with the stochastic indicator below.

Thanks to the gain from $GWPH, $NUGT, and $CARA, my port was able to reduce the bleeding from $LRAD and $SVBL.  Ironically, the two new buys acted as a hedge instead of the $TZA which I sold yesterday.

Current holdings:

LRAD, SVBL, GWPH, NUGT, SEED, CARA and 55% cash.

From my other account:

$MCIG made a dramatic come-back today.

I knew that if yesterday high was taken out, price would go higher.  Glad I bought my shares back yesterday even though I got stopped out earlier in the day.

$FITX remained defensive but that is expected giving that the facility is still in the process of being completed.

My 2 cents.

 

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