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05-16-2014 Trading Journal

Market bounced back some today.

SPY_Daily
If you look at the trendlines right below today low, you will see that even though price was down the last two days, the market is still in an interim uptrend simply because today was a bounce day.

$KNDI opened lower so I decided to sell my position to take small losses instead of riding it. I was looking for a continuing upward momentum and since it didn’t happen, there was no need for me to hang around.

$KGJI, on the other hand, opened strong and rallied hard early in the morning.  Naturally, I added more looking for $2+ in the near future.

KGJI_daily

Volume was very high today and price gave back gain from the morning spike.  Nevertheless, it was still up for the day for a healthy 22.5%.  While I added more at higher price, I’m still up on this position overall.  Price is now stuck inside the 79 & 89 MA lines, I like to see price climbs out of this support and rally forward.

$LRAD spiked nicely later in the day.

LRAD_daily

Price is now trading at the upper band of the consolidation range.

$SEED began to bounce again waiting for the prospective buy-out result.

seed_daily

Price is now trading above the 79 & 89 MA lines.  It is looking good from here.

Even with a minor correction from $DMRC, thanks to rallies  from $LRAD, $KGJI, and $SEED, my port is up 1.8% today.  YTD gain is now 9%.

Due to $LRAD spike up today, it is now the largest position in my port with $DMRC coming in second.

Current holdings:

LRAD, DMRC, SVBL, KGJI, SEED, AMRN and 11% cash.

From my other account:

After watching price collapsed below $0.06 in mid-day, I began to look for price to settle to buy the bounce.  When I finally saw the 5 min. bullish engulfment candlestick pattern being developed, I began to buy back shares.  By the time I was done, I bought back about 70% of my original size.

FITX_daily

You can see a lot of support at today low by looking at the chart.  This was why I’d no qualm buying the bounce today.

My 2 cents.

 

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05-13-2014 Trading Journal

Market was holding its ground all day at the new high.

SPY_Daily

While the price movement was in small range, I considered it a great achievement that price did not fall back into the consolidation range. You could almost feel that the market is dipping its toe into the water on the new high territory.  Once it gets comfortable, price will have a high probability of continuing the rally from here.

After I read the earnings transcript on $AMRN, I believe that the business of Amarin may begin to grow from here.  Thus, I bought in when price was still down from the open.

AMRN_daily

While price gave back some gain at the close, we still have a bullish engulfment bar that may increase the probability of a bottom.

Seeing that $KNDI was opening higher, I added some more.

KNDI_daily

Oop! Price could not hold and collapse below $13.00.  ’cause I wasn’t watching the stock today, I did not have a chance to get out to cut losses quickly.  So I decided to give it a bit more time to bounce.  Price currently is still above the 5 & 15 MA lines; but if it breaks down below these two MA support lines, I may bail and cut losses.

I also added a bit more to $CERS since it bounced higher in the morning.

CERS_daily

But price closed on the negative at the end.  I’ll see where price is heading the next few days before deciding what to do with it.

$SEED spiked up today ’cause another company in China want to buy them out for $2.50.

seed_daily

I’m aiming for $SEED to reject the offer and ask for more.  Thus, I placed a good till cancel order to sell my lot at $2.99 just in case.  Without any approval from the Chinese gov’t regarding $SEED GM seeds, it is difficult to justify a price of over $3.00.

$KGJI also staged a nice bounce today.

KGJI_daily

Look at that tall green bar!  There is earnings coming out later this week; perhaps, people are expecting another positive quarter.  How many positive quarters will it take for investors to finally believe in the legitimacy of $KGJI?

$DDD continued its rally and bump its head against the $51 resistance line.

DDD_daily

As you can see, it went over $51 but failed to remain above it.  However, it still closed decently. Let’s see it tries again tomorrow.

$DMRC was down earlier but made a nice come back by the close.

DMRC_daily

See how the tail bounced off the 5 MA line and now closed above the 15 MA line?  The most important part is that price is still above the 79 & 89 MA lines which mean the overall trend is still bullish.

Despite falling price from $SVBL and $KNDI, gains from $DMRC, $SEED, $KGJI, and $DDD more than made up the losses and push my port another 1% higher. YTD gain is now 8.6%

Current holdings:

DMRC, LRAD, SVBL, SEED, DDD, KNDI, AMRN, KGJI, & CERS (100% invested/speculated)

From my other account:

While $FITX corrected some today, I’m basically still waiting for the Health Canada inspection result.  Some people are getting impatience and bailed due to some “alleged” zoning issue.  Oh well, this is speculation at its finest.

My 2 cents.

 

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04-17-2014 Trading Journal

The market continued to bounce some today.

SPY_Daily

While it was not a big rally like the last two days, it was enough to keep the bull momentum intact.

For some reason, I got the distinct feeling that today the bull was developing into a base.  Thus, I began buying back some positions for the long-side going into the long weekend.

I started by adding more $DMRC.  Then seeing that $KNDI bounced off the long-term support at $11.00 area two days ago, I “felt” it was the right time to buy back some positions.  I’m also stroked by last Monday news that Shanghai is going to launch the public EV car-sharing system pilot project.  In a “normal” market day, this news might create a gap-up situation but current bearish climate neutralized the new info as if it was nothing.  I see this as an opportunity to buy back some now.  Let’s see if $11.00 can hold the support; if not, I may have to cut and run to stop the bleeding.

KNDI_daily

See how the support extends all the way back to beginning of January?

I also bought back $GWPH which I’d been trying to buy (and stopped out) previously.  However, I was sensing a bounce coming so I bought a starter position to see if it bounced this time.  It did so far.

GWPH_daily

Like $KNDI, the support extends all the way to early January as well.

$SEED was also bouncing from yesterday small green bar.

seed_daily

I started buying $SEED after the open to build it back to about 70% of my original size.  Price closed above the 79 & 89 MA lines  and it looks good.

I like $FSLR here ’cause there is a support that extends back to November of last year.

FSLR_daily

If the support holds, I may add more.  I like $FSLR ’cause it was the only solar stock that did not corrected like all other solar stocks.  In fact, while others were sliding down, $FSLR was actually on the up and up.

I added to $DMRC ’cause I saw the possibility of price taking out the resistance from late March.

DMRC_daily

Price did took out the resistance.  Let’s see next week can keep up with the upward momentum.

I also bought $CARA but price didn’t do much; so let’s if it will bounce next week.

Thanks to rallies from $LRAD, $DMRC, $KNDI, $SEED, and $GWPH, my port regained yesterday losses.

Current holdings:

LRAD, SVBL, DMRC, KNDI, FSLR, SEED, GWPH, CARA and 35% cash.

From my other account:

$FITX released news that added more weight to its goal of being the largest legit medical cannabis producer.

FITX_daily

Due to its positive effect, price rocketed up 20+%.  As a result of the news, I added more $FITX as well.  Did you see how price bounced off the 79 & 89 MA lines?  Magical!

My 2 cents.

Comments »

04-09-2014 Trading Journal

Market had another strong bounce today.

SPY_Daily

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.

NUGT_daily

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.

sva_daily

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_daily

$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.

MCIG_daily

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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04-03-2014 Trading Journal

Market couldn’t make up its mind about being a down day today; it tried to go down but last hour rally brought it back to neutral zone.

SPY_daily

As you can see, price is still right at the resistance point of previous high. Tomorrow job report will determine the final outcome.  A breakout to make new historical high or a breakdown for a possible bear market.

Due to the initial downdraft of the market, I added to $TZA and $FAZ.

TZA_daily

As you can see, $TZA had a nice bounce and it served the purpose of hedging my portfolio since $LRAD was in negative territory.

FAZ_daily

$FAZ didn’t have the same bounce due to the late rally by the close.  Thus, my close stop at breakeven was hit and I was stopped out.  I chose to put a stop on $FAZ and not on $TZA ’cause I didn’t want to be too over-weighted on short ETF due to the job report tomorrow.  I can handle $TZA going against me but not both.

While most of the stock lists on my quote machines were in red, $SEED was showing resiliency in green.  Thus, I bought back 25% of my original size for a possible bounce.

seed_daily

I like the fact that the 5 MA line is now pointing up.  If price bounces from here, I’ll continue to add.

I’ve wanted to buy $GWPH when I found out about the stock but did not want to chase its high price; thus recent correction had given me the opportunity to buy some today.

GWPH_daily

Did you see how price formed a near “doji” bar right at the 79 & 89 MA lines?  Seeing the support there, I bought a position looking for a bounce.

Thanks to gain on $TZA, I was able to hedge against the downdraft of $LRAD; thus my port was a solid breakeven for the day.

Current holdings:

LRAD, TZA, SVBL, GWPH, SEED and 42% cash.

From my other account:

$MCIG took another tumble and the chart did not look good at all.

MCIG_daily

See how price close below the 79 & 89 MA lines?  Despite the poor chart outlook, I’m still holding this one for the fundamental story.  $MCIG will be launching the vita-cig in late April and any good feedback on this launch will drive the price up.  They are also looking into vaping alcohol.  Is it even possible?  Well, if people can sniff glue to get high, I guess you can sniff the “alcoholic vapor” to get drunk as well…  ok.. not sniff, but to inhale thru the mouth using $MCIG alcohol vapor-stick- same principle whether you inhale thru the nose or the mouth..  I’ve to give $MCIG points for creativity.  And if this alcohol idea can gain even a small traction, lo and behold, the sky is the limit.  Now, you know why I’m holding this one waiting for the fire-cracker to start cracking…

$FITX remained neutral waiting for the facility to be complete and the approval of license from Health Canada.  As far as I’m concerned, $FITX will get the license so I’m still holding.

My 2 cents.

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03-31-2014 Trading Journal

The market finally had a strong up day that did not end up giving back the gain by day close.

SPY_Daily

However, as seen from the chart, it fell short of taking out the upper range of the consolidation range.  Thus, I wouldn’t say we are out of the wood yet.  The next few days will be telling.

This morning, I bought starter position on $SVA and $KNDI and sold $MZOR for small losses.

$SVA opened slightly higher and I bought for the bounce.

sva_daily

We have an inside bar today so that if price takes out today high tomorrow, I’ll add more.

$KNDI also opened higher so I bought a starter position as well.

KNDI_daily

Since I only bought a small starter position, I don’t mind holding even when price was against me at the close.  Price bounced slightly today but the possible of a V-shape bounce is still in the card.

Again, I was lucky to dump $MZOR before the collapse later in the day.

MZOR_daily

At first, price opened higher and I was glad.  However, when price began to drop and did not bounce despite the DOW was going higher, I had a bad feeling so I sold my positions by hitting the bids that were available.  I was able to unload a bit above $21.00 for small losses.   Later, the price dropped as low as $19.53 before bouncing back some.  “Cut your losses” fast always save my day.

The highlight of the day was $CARA which gave me a nice 12.65% up day.

CARA_daily

I like the bullish engulfment bar today with higher than average volume.  Usually, a big bullish engulfment bar can kick start a rally; so let’s see how it goes this week.

$SVBL did not do so well today.

SVBL_daily

It dropped below the range of the last seven days.  Since I’m committed to this one for the long haul.  I’m going to have to take the heat on this one.

$SEED was also bouncing.

seed_daily

I like the fact the price is now trading above the 79 & 89 MA lines.

$AMRN closed lower today but the volume was relatively low compared to last week; so I decided to continue to hold.

Overall, despite losses from $SVBL and $AMRN, gains on $CARA, $SEED, $LRAD and $SVA more than offset the losses and put my port back up a notch.

Current holdings:

LRAD, SVBL, CARA, SEED, AMRN, KNDI, SVA and 32% cash.

From my other account:

Both $FITX and $MCIG bounced only a bit so I won’t bother to show charts.

My 2 cents.

 

Comments »

03-26-2014 Trading Journal

Today the bear began to show its face with a bit of a teeth exposed…

SPY_Daily

While price is still inside the consolidation range, it is important that price bounces some from here or we may be seeing more selling again.  There are three supports that are the bull defenders against the bear.  The lower range of the consolidation range and the 79 & 89 MA lines.  Next line of support is the low of early February.  If these supports cannot stop the bear, we may be looking at the beginning of the bear market.  No, it won’t be a big drop like 2008; but it will be a slow torturing trend for those who decides to hold for the bounce that never comes.  Hey, I’m getting ahead of myself here, pardon my senseless bearish sentiment.  Nothing is confirmed until you meet with Mr. Hindsight; but by then all Mr. Hindsight will tell you is, “I told you so!”.

Today price action made me regret selling my $TZA position yesterday morning.  Yes, I’m human so I’m entitled to feel a bit  “cheated” when my prediction was right on target but my conviction lacked resolve.  There you have it, conviction plays an important part in catching a runner, especially when you are trying to catch it at the starting gate.  By lacking conviction, I cheated myself of the $TZA profit.

I considered myself lucky that only about 10% of my three-days settlement cash was released today ’cause I spent it all by adding to $CARA, $SEED, and $MZOR in the morning looking for a bounce.  Then I had a meeting that lasted most of the trading hours; by the time I came out, I was in for a not-too-nice surprise.  While the three names I mentioned did not cause that much damage, it was the $LRAD drop that compound my losses a bit more.

However, I’m seeing a lot of potential bounces here:

Take a look at $SEED chart below:

seed_daily

Did you see the price literally settled down on the 89 XMA line?  If there is more available cash free up tomorrow, I’ll buy the bounce (only if there is a bounce) to add more.  No, I’m not averaging down, I’m merely trying to rebuild my position back to its original size.  Remember, per my “personal” definition, if I’m scaling into a position when price is dropping, I’m simply accumulating a position; however, once I’m done with the accumulation, any add-on will be considered averaging down ’cause I’ll be exceeding my risk level I’ve originally established for myself.

$MZOR again trekked toward the lower consolidation range.

MZOR_daily

If it takes out the lower range, I’m going to have to sell it to cut losses.  However, I prefer that it bounces from here like it did several times before.  The fact that it could not bounce from the lower range means the bear is stronger than before; hence my resolve to cut losses from breakdown.

$CARA is reporting tomorrow after hour so I’m holding this one for the gamble.

I also sold $NUGT when it took out yesterday low in the morning.  Thanks goodness I did ’cause it saved me a lot of grief from losing even more in the meltdown.  See, it pays to cut your losses fast to avoid a bigger losses later.

Despite another down day, I’m still up 11% for the year.

Current holdings:

LRAD, SVBL, MZOR, CARA, SEED and 38% cash.

From my other account:

I added more $FITX to bring it back to my original size.  And yes, I paid more to buy them back.

FITX_daily

Despite today market slaughter, $FITX held very well!

I also bought $MCIG, another cannabis play.  While going over the cannabis selection the other days, this one pulled me in.  I like the concept of pen-style vaporizer for $10.  It is affordable and most people won’t have to think too hard to buy it.  If I lose the pen-vape, no big deal.

MCIG_daily

One other reason I like $MCIG is because of the technical bounce I see on the chart.  Price was bouncing from yesterday green bar that bounced from the 38% Fib retracement.  Did you see that price actually closed higher today?

Now, I’m all set to take advantage of the growing cannabis market.  May this port one day eclipses my main port mentioned above.

My 2 cents.

 

 

Comments »

03-18-2014 Trading Journal

The market continued to bounce today.

SPY_Daily

It closed above the range which was a very good sign.

$KNDI opened higher and then went on to take out the high of yesterday.

KNDI_daily

But that didn’t last, not long after making new high, price dropped like a rock.  My mental stop was triggered and I sold at the market to protect profit.  Price then bounced around b/w the low of the day and yesterday close.  The SeekingAlpha article comparing $KNDI to other biofuel stocks like $FCEL didn’t help either.  I’m going to wait this one out to see what happen before venturing back in.  Although I mentioned that I would hold this one for medium long-term, I do change my mind from time-to-time giving the circumstances surrounding the price action.  Sometimes I’m wrong and sometimes I can get lucky; but I learn to follow my instinct, right or wrong.  Giving enough time, my instinct becomes another tool I use to trade the market.

$CARA continued to bounce.

CARA_daily

Price closed above the 5 and 15 MA line.  It does look like we may see a V-shape reversal after-all.  Notice that price bounced today on low volume.  That is why I don’t trust the selling when the float is so small.  You could be cheated out of your shares if you don’t have enough conviction.

$SEED also bounce off the support line today.

seed_daily

And the 5 MA line is now turning back up after touching the 15 MA line. I like to believe $SEED is heading back above $3 soon.

I’m glad to see $MZOR also bounced up.

MZOR_daily

It was good to see price moved away from the bottom range.

$SVA took out yesterday high and I want to go back in so I bought back some.

sva_daily

If price continues higher, I’ll add more when cash becomes available from the three days settlement.

$KGJI disappointed when price took out the lower range of the consolidation area.

KGJI_daily

What doesn’t look good is that price is now under the 79 & 89 MA line.  I need to decide what to do with my position real soon.  Perhaps, I will lighten the load a bit.

$LRAD and $SVBL didn’t do much today so I won’t post any chart on them.

Thanks to $SEED and $CARA, my port bounced back up another notch.  Now, my milestone target is only a stone-throw away.

Current positions:

LRAD, SEED, CARA, MZOR, KGJI, SVBL, CERS, SVA and 17% cash.

From my other account:

$FITX did a fantastic job blasting out of the downtrend line.

FITX_daily

Now, I like to see price takes out the previous high of  $0.10 set up on March 7th.

My 2 cents.

Comments »

03-17-2014 Trading Journal

Market had a nice come-back.

SPY_Daily

But we are not out of the wood yet.  See how price still settled inside the consolidation range?  Price need to get back above the top range to be considered back on the uptrend.

The big news today was the positive $KNDI earning announcement.  They sold more cars than the estimate 2,800 units they gave awhile back.  Basically, there are more individual buyers besides the car-sharing garage purchase.  Not bad!  And too bad for me staying on the sideline.  But that was price I paid to be a by-stander instead of a participator.  It was like watching an ongoing poker game as an observer instead of playing at the table.  Well, as they said, it could have gone the “other way”.

Nevertheless, today news practically convinced me that the drivers in China are ready to contribute to the clean air campaign by buying more EVs.  Thus, I went back in this morning paying up to $20 per share for the buy-in.  Only this time, I did not load up the boat as before, instead I bought a medium size position just as I would in a new stock- such as $MZOR or $CARA.  As far as I’m concerned, $KNDI is to me just another brand new trade with a new entry setup.  My past gain in $KNDI does not factored into this particular new $KNDI trade.  In other words, I will not be saying to myself thing like, “Oh, I had so much gain on this one I could fight the trend a bit more…”.  Instead, I will trade this $KNDI trade with all the proper medium-term outlook with its proper stop loss target.  If price continues higher tomorrow, I may add some more.

KNDI_daily

Price took out the previous high of $20.75 with super-high volume.  I can see a long-term uptrend coming for this one provided there are no major market correction during the year.

$CARA finally bounced today.

CARA_daily

Price touched the 50% retracement line and took off.  I can see a high probability that price will start to head back up and beyond.

$SEED continued to hold steady at the support line.

seed_daily

I can see the 5 MA turning up tomorrow or later in the week.

$MZOR finally succumbed and dropped a bit more than usual.

MZOR_daily

While price is still inside the consolidation range, it needs to bounce soon to remain on an uptrend mode.

$KGJI broke down some today and price dropped below the $1.85 resistance again.

KGJI_daily

Oh brother!  $1.85 resistance all over again!  Oh well, I’m waiting for the coming earning report to kick start the uptrend.  It will be nice to have this one bounces the way $KNDI did today.

To supplement my gold play ($KGJI), I bought a silver mining company ($SVBL) today. I’ll continue to accumulate as soon as more cash is released from the three days settlement.

SVBL_daily

The above is a monthly chart.  See how price began to turn upward?  Last month green bar was a bullish engulfment pattern. This month price action already took out last month high; therefore, I’m bullish on this one for long-term hold.  I also like the fact that this month is the ONLY month that price action took out the 5 MA line.

Thanks to the gain from $KNDI and $CARA, my port bounced up a notch despite some drops from $MZOR and $KGJI.

Current holdings:

LRAD, SEED, MZOR, CARA, KNDI, KGJI, SVBL, CERS & 10% cash.

From my other account:

$FITX had a fantastic break-out on the chart today.

FITX_daily

Did you see how today big green bar with relatively higher volume took out the downtrend line?  Once $FITX received the license from Health Canada, this is going to be a multi-years hold for me.  At least, this will be my other “$LRAD” play.  I’ve been trading profitably with $LRAD since 1998.  $FITX will become an even bigger game once the production of both medical and industrial cannabis begin.

My 2 cents.

Comments »

03-14-2014 Trading Journal

Market had another down day after spending all day trying to stay afloat.

SPY_Daily

But all is not lost, price still closed inside the consolidation range.  The first “if” I talked about yesterday haven’t been breached yet.

The only one stock in my port that sunk the most is $CARA. The rest of my position were either neutral, slightly up or down which had minimum effect on my port.

CARA_daily

While I’m taking a heat on $CARA, I didn’t mind much at all.  I guess my big win on $KNDI has afforded me the luxury to bide my time on this one.  Price has approached the 50% fib retracement from historical low to high, so let’s see if it will bounce next week.  Btw, I added some more today when it bounced in the morning.  However, I decided to keep my shares even though the price turned negative later on.

Speaking of $KNDI, earning report is supposed to come out Monday, although I’m no longer holding position for this pivotal event, I wish everyone who is holding good luck.  If it takes off based on positive events, I may start to look for re-entry point.

$SEED closed back neutral after taking out the $2.60 support.

seed_daily

Did you see the doji formation today right at the support line?  Meanwhile the  5 MA line is also approaching the 15 MA line, this could mean a potential bounce next week.  Sometimes. the 5 MA line will come back down to touch the 15 MA before it bounces back up if the uptrend momentum is strong.  Let’s see if this is the case.

$KGJI had a strong opening which took out the $1.85.  It reached as high as $1.94 before coming back down to close slightly lower.

KGJI_daily

Because of the spike up, I added some more in the morning.  I’m still holding my added shares ’cause I believe price will eventually take out the ultimate $2.00 resistance.  Once that is taken out, I believe price will fly.  Why?

$KGJI had been consolidating in a range for almost four months now and volume was also increasing recently.  With gold price as well as gold mining stocks climbing for the last several weeks, there is only so much the bear can do to keep $KGJI stuck in a range while almost every gold related stocks are climbing.  Thus, I believe once $KGJI is back in the limelight, price will soar.

$MZOR is also stuck on the consolidation range.

MZOR_daily

Although it was only for about two months, any good news will kick this one up to the upside.

$LRAD closed the week slightly down.

LRAD_daily

But if you look at the weekly chart above, what come to your mind?  It is in a bullish trend, isn’t it?

I also bought a small starter position on $CERS when it was up in the morning (which I forgot to mention on twitter), I decided to keep the position even though it closed negative for the day.  Having a small position will allow me to keep an eye on this and give me the opportunity to add more when price begin to climb again.

CERS_daily

Look at the weekly chart above, price has strong support at the $5.75 level.

Due to $CARA downdraft, my port dropped another notch.  However, I’m still up nicely for the year.

Current holdings:

LRAD, SEED, MZOR, CARA, KGJI, CERS and 24% cash.

From my other account:

$FITX chart looks very positive with a second green bar.

FITX_daily

There may be a good chance price may bounce next week.

My 2 cents.

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