Market opened up today and it slowly climbed its way higher till closing time.
Meanwhile, my “current” favorite trading vehicle $AAPL was not participating in the bull trend but instead played defensive all day. I bought $AAPL twice and twice I stopped out for breakeven.
$DDD was tracking lower all day until a late stage rally brought the candlestick to look a bit better; thus, I jumped back in with a starter position. I’m preferring to play $DDD over $XONE because with $DDD there are more cluster of bids in the vicinity while with $XONE I had to look further down to see the bids which often times give me vertigo just to look for bids to get out. You may see a nice paper profit on unrealized gain on $XONE but the moment you try to get out, you can forget that nice paper gain you see if you just want to get out at market.
$FB was trading around the support area so I bought a starter position with a GTC stop below the low of the day. My stop did not hit so I’m still in.
$PACB was exhibiting some stability so I decided to buy back some position.
Upon browsing through my favorite stocks to trade, I came upon $CHK which looked like it was bouncing off the previous minor correction; so I bought a starter position and later added some more by end-of-day because I felt the price action was strong.
Take a look at $CHK daily chart below and you know what I mean.
Once I was in $CHK, I naturally checked in $WPRT since it was all related to natural gas. $WPRT also exhibited a possible bottom so I bought a small starter position to test the water. See below $WPRT daily chart:
I was tempted to dump $DCTH today but since it was still sitting on the support line, I would give it a bit more time. See where the closing price just sat on the support created back on early Feb?
This was pretty much a slow day actually even though DOW screamed 110 points higher. The elephant in the room was that $AMRN continued to trek lower. Since I already covered this subject on my previous post, I’ll just chalk up today as an uneventual day for me.
LRAD, AMRN, SZYM, TINY, CHK, FB, DCTH, DDD, IMUC, PACB, WPRT and 29% cash.
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