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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To celebrate July 4th, Dow Jones Industrials broke out of the $17,000 range to make new high.

With $17K resistance taking out, can market continue higher?  I like to think that $200 is where $SPY is heading to from here.

$LRAD took a minor dip with low volume.

As far as I’m concerned, this is still very bullish with price closing at and above all four MA lines.

$DMRC bounced nicely but still fall short of the overhead resistance.

However, I take the bounce day any day any time.  Price also closed above all four MA lines.

Since most trading volumes were low, I’m not going to show charts on all my positions.  Suffice to say that corrections from $LRAD, $AMRN, $KGJI, and  $BIOS offset gain from $DMRC to hold my port down with a 0.2% loss.  YTD gain is now 6.7%.

Current holdings:

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

From my other account:

$ENRT bounced some today so I left it alone.

Current holdings:

TWD.V, ENRT, FITX, MCIG.

My 2 cents.

 

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The market held its ground today without giving back yesterday gain.

However, price is hanging round the top of the Bollinger band which may or may not signify a correction is coming.

Unlike the $SPY above, both $DMRC and $LRAD gave back some gains from yesterday.  However, bounces from $AMRN, $KGJI, and $NMRX helped lessen the blow.

$LRAD took a tumbling during the day but recovered nicely by closing bell.

Look at at the long tail in the candlestick bar.  Price is still above the 5 & 15 MA lines. Now, I need price to take out the high of $2.12 from June 19th.

$DMRC, however, reflected the opposite of $LRAD.  Instead of down day and recovered nicely, it had an up day and closed badly.

Despite today correction, the overall trend is still bullish.  Today gave back is expected when there is no news.

$AMRN bounced from yesterday down day.

Price is now trading above the 89 MA line which is important to me.  It is now only a stone throw away from the resistance at $1.74.  I believe price will just walk pass it this week.

$KGJI also bounced and price is now back inside the consolidation range.

Nothing could please be more to see this bounce here.  I’ll be even more pleased when the 8 cents dividend flow into my account by mid-July.

Both $BIOS and $ORBC were non-eventual today with a bit of a correction.

Thanks to bounces from $AMRN, $KGJI, and $NMRX, my port only lost 0.3% today.  YTD gain is now 6.9%.

Current holdings:

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

From my other account:

$ENRT disappointed by taking out the support at 15 cents.  Due to my busy day, I wasn’t able to do something about the position.

I’m going to have to watch this one closely going forward.

The other three did not do too well either.  Seems like the cannabis sector is taking a break after a strong rally in the 1st quarter of the year.  Fortunately, I didn’t buy as much of these four stocks like I used to.

Current holdings:

$TWD.V, $ENRT, $FITX, $MCIG

My 2 cents.

 

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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%.

Current holdings:

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.

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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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Again, the bear failed its mission to push the market down.

Market bounced back for the close.  A sign for a strong bull.

$ORBC opened strong and then fell back a bit afterward.  Nevertheless, I added more with my remaining cash after price fell back down to 6.4x area after reaching high of $6.73.

Despite some retracement from the high, price still showed strength at the close.  Due to the bounce today, price is now back on top of the up trend line.

Despite some corrections from $DMRC, $AMRN, $KGJI, and $NMRX, gains from $ORBC and $LRAD helped offset the losses to keep the losses at 0.3% for my port.  YTD gain is now 4.7%.

Current holdings:

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

From my other account:

No activity here.  Still holding $ENRT, $TWD.V, and $MCIG.

My 2 cents.

 

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Today was a bounce day.

The bear did not have a chance.

I’m getting a lot of vibe for $ORBC.  I’m getting a feeling this one will be a runner soon. Despite having a negative opening, I bought more with the remaining cash in the morning.

Good thing for me that price bounced later in the day. If tomorrow price can take out today high, I may add more with cash from sales of $TIBX.

I sold $TIBX ’cause the chart was not encouraging.

Price traded below yesterday low and the rally that took out the inside bar high failed.  Thus, I sold with the eye on more $ORBC.  Unfortunately, the three day settlement rule prevented me to utilize the cash from the sale of $TIBX today since I bought it this Monday.

$DMRC bounced nicely today.

Price is now trading above the 15 MA line.

$AMRN continued to advance.

There is only two resistances before the trend can be called a possible start of a bull trend.  First. the 89 MA line needs to be breached. Afterward, the high of May 2nd at $1.74 needs to be taken out.  Look to me we may have a shot at hitting those two resistances this week.

Thanks to $DMRC and $AMRN, my port was able to gain back 0.8% for the day.  YTD gain is now 5%.

Current holdings:

LRAD, DMRC, AMRN, KGJI, NMRX, BIOS, ORBC and 2%.

From my other account:

Still holding $ENRT, $TWD.V, $MCIG.  They don’t seem to move much these days.

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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Today was considered a neutral day.

Not much movement there…

I sold some $SWIR to spread the cash among the additional “Internet of Things” stocks- $ORBC and $TIBX.

I took advantage of $ORBC fall today to pick up some shares.

Although it was a down day, the chart still looks bullish with an uptrend still intact.

$TIBX bounced from last Friday down day, so I picked up some for the bounce.

Today is an inside bar (solid bar only); so if tomorrow can take out today high, the bounce may continue.

With the exception of $BIOS, all my other stocks were down a bit today; thus my port gave back 1%.  YTD gain is now 5.1%.

Current holdings:

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

From my other account:

Nothing happening here.  Still holding TWEED (TWD.V).

My 2 cents.

 

 

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