I’m a big fan of jumping beans.  They are just curious fellows and it is always a delight to watch them jump all over the place.

So when I looked at the $GLOG chart, I couldn’t help but remember the jumping beans.  There was this one bean that jumped so high it went over the box…  and I think this $GLOG will do just that.

Take a look at the daily chart:

Did you see the resemblance of the jumping beans in the price actions for the last month?

After falling off from the uptrend line, $GLOG has been consolidating for about a month; I think it will soon resume it bounciness to jump much higher.

Take a look at the weekly chart below:

There is a solid base and support around $12.17 area. The overall trend (blue line) is still up.

Once the general market brush off this consolidation and head higher, $GLOG will jump much faster is my take.

I bought starter position on $GLOG today.

My 2 cents.

 

Comments »

I like to say it can.

Take a look at the daily $DDD chart below:

It has a higher high and high low yesterday even though the bar was a red bar (close below open).  Today is an inside bar but a green bar nevertheless.  We have a divergence from the momentum indicator favoring an upside possibility.  I bought a starter position with a stop below yesterday low just in case.  I consider this a low risk trade.

Below weekly chart shows a current green weekly bar near the 61% Fib retracement support level.  Let’s see if the support hold.

My 2 cents.

Comments »

The daily $SPY chart below shows that price action is bouncing off the Giant Wall 1 but still below the resilient Giant Wall 2.

The weekly chart below shows that a solid uptrend is still intact.  I like the fact that we have a green weekly bar in mid-week.  If this is a red bar with price below the GW1, I would be worry; however, current green bar provides positive bias to the upside.  My bet is that by end of week, $SPY will attempt to breach GW2 once again.

My 2 cents.

Comments »

Yesterday, I saw the doji formation on $PACB above the 79 & 89 moving averages; so without hesitation, I bought back $PACB.  I did not hesitate simply because when you have a doji formation at the bottom of a downtrend near a support area, the odd (or probability) of a turnaround is high.  No, it is not 100% but the odd is in your favor.  So, like a blackjack card-counter who sees that the undistributed cards are stacked with 10s, Jacks, Queens, and Kings, he starts to bet big.  In my case, I simply bought back my position.

I also added more in the early morning because of the upward bias.

Look at the beauty below:

Notice that I’ve been cutting losses on $PACB during the previous downtrend to cut loss and yet here I am back on the saddle riding the rally up.  If this doesn’t convince you the value of cutting loss fast and the fact that cutting loss earlier doesn’t mean you will miss the boat (not all the times; but some of the times), I don’t know what will?

My 2 cents.

Comments »

Below is the thesis from Harris & Harris Group, Inc. ($TINY).

***Notice that it was published in Spring of 2009.

 

Source: http://www.hhvc.com/docs/press-center/why-invest-in-nanotechnology-.pdf

Comments »

The charts below convince me to buy back:

 

For $DCTH above, do you see how the price action is now staying above both two support lines.  There is still the catalyst of May FDA respond; so a possible rally still exists.

 

I like the fact that price action is getting back on top of the down trendline.  Look like it is forming the 3rd wave up.  Remember, the 3rd wave of the Elliott Wave Theory is usually the longest wave of the five waves…

My 2 cents.

Comments »

I’m duly impressed.

After selling some of my weak positions in the morning, I sat and watched to see if the bombs were still exploding here and there.  Surprisingly, the explosion began to die down and instead I heard roaring of the crowd.  For a moment there, I thought I was in the midst of a stock exchange hearing “buy! buy! buy!”.

With that kind of chanting, I’ve to buy something back as well!

I bought back $DNN (below what I sold for! High-Five!); $PACB, $BBRY.

I also bought $DCTH and $CUR (again!) because the price action looks like the bouncing is happening.

I added to $TINY.

Take a look at the daily $SPY chart below:

Price did not even reach my projected red-arrow price but instead proceeded to head up to create a nice green bar.  Isn’t that a beauty?  What I like is the fact that price action has immediately climbed back above the Giant Wall 1 proving that Wall 1 is indeud a solid support here.

 

My 2 cents.

Comments »

Just when we thought taking out the Giant Wall 2 (GW2) established back in October 2007 was a done deal, we are now getting slammed with another European conundrum.  S&P500 currently is printing a 17 points down or a negative 1.1% change.  Apply this 1.1% against the SPY’s close of $155.83 last Friday and we come up with $154.12.

If you look at the chart below, you can see the projected price of $154.12  (red arrow) is directly below Giant Wall 1 resistance ($154.94).   Notice that the 38.2% fib retracement is just a bit below the red arrow; it may mean some support there.

Can the Fed remedy this correction next week?  Will there be a huge rally waiting to burst thru the GW2?  Well, can it happens or are we simply exercising a self-fulfilling prophecy of topping out at major prior resistance?  Let’s not jump the gun yet; for price can still restore back to normalcy when market opens tomorrow morning   We’ve seen it happens before.  Until then, I’m going back to reading my book…

My 2 cents.

Comments »

In the morning, I bought a starter position on $BBRY below $15 and put a stop below the low of the day; so far, I haven’t been stopped out yet.  This is good news.  If it starts to move up next week, I’ll add more.  For some reason, I believe in the come-back of $BBRY; maybe because Blackberry products has always been a quality products used by millions before $AAPL iphone dethrones them.

$AAPL was strong all day despite the Samsung Galaxy S4 fanfare. That suit me just fine since I’m already long. I actually added more since price action took out the $439 previous 3/11 pivot high. Will I be able to ride this one all the WAY up this time? Hmmm… I’ll be bringing my trailing stop with me on this one.

I also bought back $PACB since I saw the bounce on the chart. Unlike $DCTH which continues to head south due to the heavy burden of dilution, $PACB doesn’t have that baggage.

There were some bids at CGEN so I peeled another layer off by selling some more to reduce my position size. Yes, I took loss on that as well.

Remember, to take loss on your own term means you are salvaging back your cash for other opportunities. By taking loss on both $DCTH & $PACB yesterday, I save myself from further grief with $DCTH but still have the ability to get back in $PACB for the bounce.

Did you see how $USU tanked deeper in the last hour today?  This is further proof that taking loss earlier can save your ass big times.  Stop worry about selling at the bottom because you can always buy back (albeit a bit higher price, so what?).  Learn to worry how much more you can get hurt; by thinking this way, you can move quickly to cut your loss sooner.

And I started to build my position on $TINY. I believe nanotechnology may be replacing the 3D printer as the next popular science focus. Did you see how $DDD fall from the grace. Ouchie for those who still holds it.

I’m thinking of replacing my former $USU position play with $TINY. Let see how it goes.

Since $CDXS is related to $SZYM, both were disappointing today but I can understand the hesitation of the market participants in this sector. More patience is needed. I’ve learned my lesson in trading this one too often. Now, these two “may” be another longer term hold. Not because I don’t want to take loss (my loss is insignificant at this point) but to allow more room for this to move. The more we move into the future, the more REAL $SZYM is.  This is due to the availability of facilities coming online to produce the bio-fuel in size. In other words, I’m going to sit through the volatility for the coming wake-up call to higher price.

$HW continues its slow ascend; therefore no action is required.

All uranium positions are doing great today, especially $DNN, so no action is required.

Both $LRAD & $AMRN are up; so my portfolio are coming back up slowly.

Currently holding:

LRAD, AMRN, SZYM, AAPL, HW, TINY, DNN, IMUC, PACB, CCJ, CDXS, URA, CGEN, BBRY and 17% cash.

My 2 cents.

Comments »

I am!

I’m buying and storing $TINY starting today.  This may have to be a longer term hold to give it room to flex.  Perhaps a replacement of my former $USU position trade?

Take a look at the $TINY daily chart below:

Price action has just been recovering from a correction.  Is it ready for the next leg up?

Weekly chart below shows that price action has broken out of the intermediate-term downtrend line and is consolidating currently.  I like to see the weekly price bar to stay within the Andrew Fork uptrend lines.

Monthly chart below shows that $TINY has come a long way from the top.  Is it ready to head back up?

If nanotechnology is coming back, we may be seeing a bottom here.

Btw, this is why I bought $HW also.  $HW apparently has a division that owns patents on certain nanotechnology.  $HW is one of the company that make up the composition for ETF $PXN (PowerShares Lux Nanotech Portfolio).

What does the daily chart on $PXN look like below? My guess is that it is ready to take out the resistance line soon.

My 2 cents.

Comments »