Market finally fell a little harder than yesterday.

Nevertheless, support was found from the 15 MA line.

While the DOW reflected a bit more zest in the falling, some of my key positions continued to plummet.

$DMRC took out the 79 & 89 MA lines in one swoop.

While I didn’t like the way price fell off the cliff, I’ve enough conviction to “hang on” for the fundamental story to develop.  Sooner or later, I’ll know if the retailers are going to adopt the DigiMarc barcode system.  And I’ll be there with my full size position to either celebrate the glory of my patience or to write about my lesson learned.  So, today price action is part of the volatility I’ve signed up for when I bought this low float stock to bet on the “inevitable’ evolution of our barcode system.

Next, $AMRN continued to head southside.

To me, that was a normal correction after a full month of uptrend.  Fundamentally speaking, there are a lot more to look forward to.  Still holding.

$ORBC finally gave in to the pressure and sold off as well.

Price bounced somewhat before closing.  I’m not worried about this one.  By mid-July, any news of successful launch of $ORBC’s satellites by SpaceX will send this one back up to $7+ in no time.  At least, that is my take of it.

Both $LRAD and $KGJI also fell slightly but I’m not worried about these two at all.  $NMRX was the only one that closed positive for the day.

Due to the fallen stock price of five of my six positions, my port gave back another 2.3%.  YTD gain is now at 1.3%.

Current holdings:

LRAD, DMRC, AMRN, ORBC, KGJI, NMRX and 7% cash.

From my other account:

I sold all my cannabis position to cut losses or at breakeven.to reduce risk.

My 2 cents.

 

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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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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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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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Market corrected a bit today which was to be expected.

It was a soft correction so to speak.

$AMRN opened higher and I used the remaining cash to add more.

While price fell back down below the two 79 & 89 MA lines, it was still above the two 5 & 15 MA lines.  In another words, the bull run is not over yet.  Sometimes, breaking thru the tough 79 & 89 MA lines will require several attempts; perhaps, it will break out next week.

Now, I’m all set with $AMRN.  The key element is for me to have enough conviction to hold on to this one thru volatility.  I had been gun shy with this one since my large losses from the FDA fiasco.  However, my sentiment has shifted more to positive outlook giving recent positive scientists’ outlook on lower triglycerides: thus, my conviction has begun to strengthen with my regard to $AMRN.  If price can recover back to $7, I’ll be more than recovering previous losses.  The magnitude of $AMRN future gain cannot be underestimated if their Reduce-It trial turns out be be hugely successful.  And the odd of success increases exponentially from the recent scientists’ article.  Not to mention that the previous Jelis’ trial result had already proven the thesis.  I’m betting that the FDA will eventually lessen its resolve to keep its foot on $AMRN head against the ground.

Like a balloon leaking air, $LRAD gave back much of the gain from yesterday.

All is not lost, price still closed above the consolidation range and is still above the 79 & 89 MA lines.

$DMRC is holding its ground and price is still above previous resistance line.

A careful look will reveal that price is in the verge of breaking out of a bullish flag.  I see high probability of an upside move next week.

$KGJI retraced a bit.

But the chart still looks good for a coming bounce.  It is forming a solid base here and price is now trading on the upper band of the consolidation range.  I just don’t see how a fast growing company can remain undervalued for so long.  Something has to give eventually.

Due to $LRAD deflation today, my port gave back 1.4% today.  YTD gain is now at 6.1%.

Current holdings:

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

Giving recent price advances from $LRAD and $DMRC, both position are now neck to neck in investment size with $LRAD gaining a slight advantage.

From my other account:

$TWEED gave some gain from yesterday but chart still looks good for further upside.

Price still closed above the 5 & 15 MA line.

My 2 cents.

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The market took a sneeze and went back up to close softly on the upside.

Look like it may continue to head higher from here.

Scientists are now saying that lower triglycerides can protect you from heart attacks and strokes.  As a result, $AMRN opened higher.  I waited all of five minutes before buying more.  Hindsightwise, I should wait at least an hour before buying.

Price gave back half of the gain by day close.  Nevertheless, I’m impressed with the scientists’ view on this.  This further support the Japanese Jellis study that showed 50% of patients have lower heart attack than controlled group.  My own body is telling me that the Vascepa is conducive to my healthy well being.  So, I bought more and I even sold some $BIOS to buy even more.  I’m betting that eventually BP will eventually capitulate and offer a fair price to buy out $AMRN. I’ll have to remind myself to sit on this one instead of trading in and out of it.

Today was an excellent day for me.  $LRAD, $DMRC, $AMRN, $KGJI all spiked up nicely.

:Look at $LRAD spike-up.  Price took out the two previous pivot highs.

$DMRC went back up today but it was an inside bar compared to yesterday bar.  All I need is for $DMRC to trade higher than today high tomorrow and we can see a much higher price coming.

$KGJI spike up but bumped its head against the 79 & 89 MA resistance lines and fell back down.  Nevertheless, it was still up for the day.  $KGJI is way undervalued based on fundamental and I’m going to sit on my position and wait out the anti-Chinese-gold-stock climate.

$SWIR, $NMRX, and $BIOS all corrected a bit but did not stop my port from gaining a nice 2.3%. YTD gain is now back up to 7.5%.

Current holdings:

LRAD, DMRC, SWIR, AMRN, KGJI, NMRX, BIOS and 1% cash.

From my other account:

I bought TWEED (TWD.V) today to participate in the cannabis sector.  Forget $FITX for now since they don’t even have a license yet.  TWEED is already selling under the Canadian MMPR program and recently just announced they are expanding their production facility in a different location.  They are in motion so I’m jumping in on this one.

See how price took out the recent consolidation range today and traded higher.  More good thing to come when they get new license for the new location.

My 2 cents.

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The market bounced right off the 15 MA line as if on cue.

If price can close higher than today high next week, the bull is still in charge.

Anytime a short-term MA lines like 5 and 15 can act as support, it usually means the bull is still in full force.  What we have is a healthy correction the market needs to take a breath.

Today price action on $GALE reminded me of my sloppiness.  I was looking purely on chart and forgot to consider the fundamental reason why $GALE was down since January.  It only took a reminder from Adam Feurerstein to put some sense back in every head.  Needless to day, I paid for my sloppiness with a larger than expected losses since I added more in the morning.  Oh well, lesson is learned and I’m moving on.

$BIOS could not hold on above $8 so I’m actually taking heat on this one.

From the chart, the 15 MA line served as a good support for now.  Let’s see if price can bounce next week with the 15 MA as the launching pad.  I added a bit more in the morning to round up my investment size.  Hindsight speaking, my impatience had put me in disadvantage position on this stock.  If the 15 MA support hold, I’ll hold onto to the position; if not, I’ll have to decide if I want to take my losses and move on.  However, I’ve a feeling that if the general market is rallying next week, $BIOS will bounce as well.

$AMRN bounced slightly but still stayed on positive upward direction.

Although we had a new high from yesterday spike-up day, I consider the resistance is the high of two days ago at $1.56.  I added some more this morning to round up my investment size.

$KGJI was down slightly today.

Price is still trading inside the consolidation range here.  This stock has strong fundamental so I’m going to hang on to this for awhile with my eyes on the consolidation range.

$LRAD bounced nicely today.

Price is now trading at the edge of the upper consolidation range which also happens to be where the 79 & 89 MA lines are.  It looks like price action is setting up for a strong bounce from here.  Let’s see if this is the case next week.

$DMRC continued to bounce higher.

However, price is now banging its head against the resistance from Tuesday high (6/10) of $33.24.  I feel that it can be easily breached to the upside if the general market continues to bounce.

Thanks to the rally of $DMRC and $LRAD, my two largest position, my port was up 0.55% despite losses from $GALE and minor corrections from some positions.  YTD gain is now 4%.

Current holdings:

LRAD, DMRC, SWIR, KGJI, BIOS, NMRX, APRI, AMRN and 5% cash.

From my other account:

$TRTC corrected some today.

Price found support at the 5 MA line.  I’ll have to decide what to do with this position next week.

My 2 cents.

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