A fantastic July 1st rally is what we have today!
Price took out resistance that kept June in the consolidation range. Does that mean the market is free to run from here. We will soon see.
Again, no action on my part today but to witness my port gain some momentum as well.
$DMRC finally bounced from the magical 79 & 89 MA lines today.
Let’s see if the momentum can carry this one higher and take out the $37 resistance. What $DMRC needs is news flash on retailer adoption on its Digimarc barcode. I like to believe that news, good or bad, will come before the year is up.
$LRAD also bounced higher but volume was less than average.
Price rallied away from the 79 & 89 MA lines. If price can take out the recent high of $2.19 set in June 19th, the next stop is $2.24 resistance set in Jan 31st.
$AMRN corrected today due to a large sell order in the early afternoon.
The good thing is that price rallied back up to close at the 89 MA line. As far as I’m concerned, $AMRN is still bullish despite today correction. Notice that both 5 & 15 MA lines are pointing up as well.
$NMRX bounced today from yesterday doji.
Price closed at the 89 MA line; in other words, it is only a few steps to take out the 89 MA and rally from here.
Due to strong movements from $LRAD and $DMRC, my two largest position, my port gained 1.5% despite corrections from $AMRN, $KGJI, and $BIOS. YTD gain is now 7.2%.
LRAD, DMRC, AMRN, ORBC, KGJI, NMRX, BIOS (100% invested/speculated).
From my other account:
Still holding $FITX, $MCIG, $ENRT, $TWD.V.
The cannabis stocks are taking a nap; not much of a movement except when they roll off the bed which was what happened to $MCIG and $ENRT.
My 2 cents.Comments »