The market simply refused to correct… as much as the bear tried to push it down.

After a brief downward movement that took out yesterday low, the market bounced back up to close even for the day.

Seeing the correction in the morning, I bought a starter position on $TZA with a hard stop below yesterday low.  So far, my stop wasn’t triggered and I’m still holding $TZA. Let’s see if this will bounce back up tomorrow.

Despite giving back gain by day close, $TZA still closed higher than yesterday close.  From the chart, strong support is at $14.30.  It may bounce from here if yesterday low holds.

Continuing with the downward momentum from yesterday in $KGJI, I decided to take advantage of this fall to buy back some of the position I sold last week.  I was able to buy back at similar prices I sold before.

Price was able to bounce back up to even by day close.  Now that I bought back some shares, I’m again ready for this one to take off.

I noticed that $APRI was bouncing off a symmetrical triangle formation in the daily chart; so I immediately bought back a position.

I was fortunate to buy in before the rally continued higher.

$DMRC also performed nicely today.

Price broke out of the downtrend line and moved higher in strong volume.  I like the fact that price closed higher than the high of the last ten days.  The most important thing, from my perspective, is that price closed above the 79 & 89 MA lines.

Fundamentally speaking, someone posted a link to an article on Walmart highlights technology at shareholders event

Below is an excerpt from the article:

In another presentation, Cory Gundberg, VP of strategic planning of Walmart Technology, said the retailer has begun including digital watermarks in store circulars, allowing shoppers to use mobile devices to research items as they peruse ads. The company is also looking into using the technology on product packaging, he added.

While the article did not mention Digimarc’s digital watermarks technology or the Digimarc barcode for product packaging, it is up to us to speculate that it may be it.

Today price advance could also be due to positive review at the Food Marketing Institute (FMI) Connect 2014 show today.  With a much faster check out time using Digimarc barcode compared to conventional barcode system, the technology is just waiting to be taken.

Thus, I’m going to be sitting on this one for a long time.

Thanks to $DMRC rally and a quick gain on $APRI, my port gained 1% today.  YTD gain is now 4.3%.

Current holdings:

LRAD, DMRC, KGJI, APRI, AMRN, TZA and 26% cash.

From my other account:

I decided to buy some $TRTC for a bounce.  $TRTC was a victim of bear attack from the SeekingAlpha article issued last Friday.  Price sank like a rock after the article.  I bought today ’cause $TRTC announced that it is going to take legal action.  As far as I’m concerned, taking legal action means you can back up your own story and support the libel suit; otherwise, you expose yourself to more attack in the legal system.

Price bounced nicely from the chart.  There is strong support at 34 cents.  Giving the trend of moving toward legalizing medical marijuana, I need to find a cannabis stock to speculate.on.  While $FITX is still waiting for Health Canada to inspect, I like the prospect of $TRTC from here.

My 2 cents.

 

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Market continued higher; but I’m sensing a bit of wearisome here…

Nevertheless, it is only the first day of the week, let’s see where price goes the rest of the week. I’ll be cautiously optimistic from here.

I didn’t have too much cash free up from the three days settlement so I used what I’d available to buy back some $AMRN I sold Friday since price just won’t drop back down like it used to.

Price looked strong from the chart but it is now banging its head against the downtrend line.  However, if price takes out the high of $1.53 from May 28th, I may add more. While I sold too earlier before, I’ve to look at it from a new buyer’s perspective in order to jump back in.  If I was to “regret” my past action, I might not be able to buy back in.  Thus, it is important that we let the past be the past and look at each trade with a fresh eye even though you’ve just cut the trade.  It is all about catching the momentum and flow with it.  It is NEVER about catching the bottom or selling at the top.  Although sometimes catching the bounce at the right time may make it look like you have caught the bottom, the reality is that they are just coincident.

$LRAD continued to struggle in the consolidation range.

In the absence of news, price will be hanging around this area for awhile.  However, I like the fact that price is now climbing back above the 79 & 89 MA lines.

$DMRC bounced some more today.

Price is now climbing back into the 79 & 89 MA lines which, to me, is very positive.  Tomorrow, $DMRC’s Digimarc Barcode will be a showcase at the Food Marketing Institute (FMI) Connect 2014 being held June 10-13 in Chicago, IL.  Let’s see if this will move the stock this week.

Due to $LRAD correction, it offset the gain from $DMRC almost perfectly.  Thus, my port was even for the day. YTD remains at 3.3%.

Current holdings:

LRAD, DMRC, AMRN, and 42% cash.

My 2 cents.

 

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Today is a “Wow” day!

Look at the chart, “Wow!” is all I can say…

But before the “Wow” was to happen, the market actually went down not long after the open.  Thus, I went short with $TZA with a tight hard stop below the intra-day low. Needless to day, I was stopped out for small losses.  It was a good thing I had a hard stop close by; otherwise, I would lose a lot more than I want to if I didn’t pay attention.

Afterward, I looked for candidate to go long now that I had a clean port with plenty of cash.

I selected $CLDX ’cause the chart looked like it was ripe for busting out to the upside.

However, I used a close hard stop below intra-day low to protect myself in case the rally is short-live.

Next, I bought some $CLD for the bounce play as well.

While I was late to the table, the strong upward bar that took out the high of the last ten days reflected a lot of strength in today movement.  As in $CLDX, I also used a tight hard stop below intra-day low in case the rally lost momentum.

I also bought $CREE ’cause today doji bar was finding support at the 15 MA line and the 5 MA was coming to meet it.

I was looking for the 5 MA to turn back up after meeting the 15 MA line.  If price does not bounce from here, my tight stop below yesterday low will take me out for a small losses.

That was all I was willing to do today to test the water.

$DMRC recovered nicely today.

If price can bounce from here, current support has foundation that goes all the way back to February of this year.

$LRAD dropped significantly earlier in the day but recovered nicely by day close with higher than average volume.

If price can take out today high tomorrow, price may head back up above $2 easily.

Thanks to $DMRC recovery, my port also gained back 0.60% point.  YTD gain is now 2.1%.

Current holdings:

LRAD, DMRC, CREE, CLD, CLDX and 32% cash.

My 2 cents.

 

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Up Up and Away!

Yeap, that was what the market did today. When you look back to the beginning of May, you may realize that “sell in May and walk away” doesn’t apply for 2014 as well.  Ok, I may jump the gun a bit since there are still four trading days left for the month; however, the market will have to fall hard the next four days to prove the “sell in May” theorem.  I can’t say the odd is against a falling market since the $SPY is now touching the upper band of the Bollinger band; but the after hour SP500 being up 6.95 currently tells me the bull is firmly in charge right now.

I bought $DNN today ’cause I was looking for a bounce.

The 5 MA line is hooking back up and the momentum indicators below also tell me that price may be about to bounce.  I’ve my mental stop below the low of $1.14.

$DMRC took a small pause after yesterday bounce.

Price is now resting at the 79 MA line which is also a good support.  If price takes off from here, it will be a breakout of the downtrend line from the recent symmetrical triangle.

$KGJI continued to correct a bit but the fall is decelerating.

The “almost” doji looking bar is a small range bar and it may be a potential bottom from here.  Notice that the low of the day landed right on the 61.8% Fib retracement from recent low to recent high.

$AMRN looked good today with a nice bounce.

However, price needs to climb back above the resistance at $1.36 first.  Let’s see if this can happen this week; $AMRN will need a strong script number from last week to make it happen.

$LRAD bounced off the 15 MA line and closed back above the 89 XMA line.

I say it looks good from here.

Due to small corrections from multiple positions, my port dropped 0.66% today and YTD gain is now 5.7%

Current holdings:

LRAD, DMRC, SVBL, KGJI, SEED, AMRN, DNN, FSLR, CLDX and 4% cash.

From my other account:

I got cold feet and decided to sell all my $FITX after the morning bounce.  While $FITX is definitely laying down ground work for a strong future ahead with high caliber directors; there is still an unknown “waiting period” for the Health Canada licensing approval.  The longer we don’t hear anything about the HC, the harder it is to support current price and market cap.  Thus, I’m foregoing possible run from here to play safe with my cash.  I’m looking to buy back $FITX at lower price if possible to reduce my risk exposure.

My 2 cents.

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The bear tried to slam the ball back to the bull but hit the net instead.

Thus, the bull continued onward today and is outside the consolidation range once again.

I’m not sure if I’m obsessing with $AMRN or simply sensing that a bottom is about to set in.  The fact that I’m still taking Vascepa everyday for the last 15 months straight may have something to do with my continued interest in $AMRN.  In a subtle way, my body welcomes the Vascepa intakes and I’m feeling good taking it. So that is that.

Price looks like it may bounce from here.

$DMRC bounced back up from the 89 MA line!  If you haven’t caught on to the magical power of the 79 & 89 MA lines by now reading my journals, you are missing the picture here.  Granted that it is not 100% guaranteed to bounce from these two MA lines, but the probability of the bounce is so strong that you are skipping over a powerful tool if you don’t incorporate it into your trading system.

Today bar can be called a bullish engulfment candlestick pattern.  Let’s see if momentum can continue upward from here.

Despite a strong bounce from $DMRC, continued corrections from $LRAD and $KGJI ate away some of the gain.  Thus, my port only gained 0.77% for the day.  YTD gain is now about 6.4%.

Current holdings:

LRAD, DMRC, SVBL, KGJI, SEED, AMRN, FSLR, CLDX and 9% cash.

From my other account:

$FITX continued higher after forming the strong bullish engulfment bar yesterday.  This is a good sign.

Let’s see if it can continue the momentum tomorrow.  Nevertheless, we need to hear about the licensing approval soon or the price may start to drip back down.

My 2 cents.

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Ping pong anyone?  That what the market wanted to play.

In response to the ball from the bear, the bull sent it right back.  Chart actually looks encouraging for the bull since price closed above the resistance.  Now, i would not be surprise if tomorrow is a down day.  After all, it is the game of ping pong we are playing.

Today, I bought a position on $CLDX, a stock I used to trade successfully when it was under $6.  After missing the whole ride to the top of $38 and changes, I’m now giving the opportunity to catch the ride at this level.

Looking at the chart above, we find support that goes all the way back to May of last year. I’m betting that today mini-bounce will turn into the next leg up to start the 3rd wave of the 5-waves Elliot Wave theory.  If it takes out the high of the 1st wave, I may add more if I’ve cash left.

Next, I bought $FSLR.

Did you see the support that goes all the way back to May of last year?  There are also strong supports at this level back in Jan and March of this year.  Thus, the odd of bounce is pretty good.

$DMRC dropped some today and price is now at the 89 MA support line.

I like to see the support hold and price bounces off from here.

$LRAD corrected a bit after three days of rallies.

Price came back down to support.  Let’s see if it can bounce tomorrow.

Due to drawdown from $DMRC and $LRAD, my port dropped 1.4% today.  YTD gain is now around 5.6%.

Current holdings:

LRAD, DMRC, SVBL, KGJI, SEED, FSLR, CLDX and 13% cash.

From my other account:

$FITX opened lower and I was tempted to buy bottom.  But I decided to wait instead of catching a falling knife.  Later in the day, price began to climb back quickly above $0.05.  This convinced me that the buyers were coming back.  I began to buy back some position.  Even though I wasn’t buying below $0.05; I was still paying less than what I sold for earlier.  As long as the momentum continues to head back up, it doesn’t matter that I didn’t buy it at the bottom.  I’m buying the momentum that gives me better odd of riding the trend.

Today chart shows a very nice bullish engulfment candlestick bar.  If they announce news of license approval, today low will become the bottom.

My 2 cents.

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Today, the market took a correction and headed back down to the support line. Now, it is perfectly normal for a breakout rally (from resistance) to come back to test the “newly” minted support (formerly a resistance) before taking off again.  The key question now is will this new support hold?  Tomorrow, we shall see.

Today down day had me dumping losers in a hurry.  I sold $KNDI at the open ’cause it opened down and I was already in the hole more than I should be. Trading discipline demanded that I sold to cut losses and I did.  It is as simple as that.  While the losses were bigger than I planned for, it should never be an excuse to hold for “better” price since it might not come.

$CERS was trading below $4 support so it was a no brainer for me to dump it as well to take small losses

$DDD was also trading down at the open so I decided to take profit instead of taking a chance to give it all back as I had been doing with some other stocks such as $NUGT.  Sure, I wished I had wait a bit longer to sell at a much higher price but the market DEMANDED that you take the risk to see to it.  And I’ve learned that you MUST RESPECT RISK at all times.

Having sold off some losers, I decided to buy some $TZA as a hedge.  By day close, I’m up a bit on this position.

$DMRC corrected a bit today.

But if you look at the daily chart above, you will notice that it is now trading at the upper range of the symmetrical triangle pattern.  A breakout of the triangle can end with a strong rally.  We will see about that as well.

Today wasn’t a good day for my port, with $DMRC, $LRAD, $SEED, KGJI all corrected a bit, my port gave back 1.4%.  YTD gain is now 7.2%

Current holdings:

DMRC, LRAD, SVBL, SEED, AMRN, KGJI, TZA and 16% cash.

From my other account:

Seeing that price continued to head south before Health Canada approval, I began to suspect that there might be some weight regarding the zoning issue.  So I decided to lighten up my position to reduce risk.  If the zoning issue is real, $FITX is no longer the largest cannabis producer in the world simply because they are not allowed to build add’l facility to grow the volume of MMJ to become the largest producer.

After lightened up, I can now wait to see what happen.  I may or may buy back shares I sold today.  Later in the day. $FITX facebook included a link to a news that they have submitted an application to increase their building space to grow more MMJ.  This release practically confirms the earlier rumor on the zoning issue.  Oh well, nothing to do but to see what happen next.

My 2 cents.

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Market was holding its ground all day at the new high.

While the price movement was in small range, I considered it a great achievement that price did not fall back into the consolidation range. You could almost feel that the market is dipping its toe into the water on the new high territory.  Once it gets comfortable, price will have a high probability of continuing the rally from here.

After I read the earnings transcript on $AMRN, I believe that the business of Amarin may begin to grow from here.  Thus, I bought in when price was still down from the open.

While price gave back some gain at the close, we still have a bullish engulfment bar that may increase the probability of a bottom.

Seeing that $KNDI was opening higher, I added some more.

Oop! Price could not hold and collapse below $13.00.  ’cause I wasn’t watching the stock today, I did not have a chance to get out to cut losses quickly.  So I decided to give it a bit more time to bounce.  Price currently is still above the 5 & 15 MA lines; but if it breaks down below these two MA support lines, I may bail and cut losses.

I also added a bit more to $CERS since it bounced higher in the morning.

But price closed on the negative at the end.  I’ll see where price is heading the next few days before deciding what to do with it.

$SEED spiked up today ’cause another company in China want to buy them out for $2.50.

I’m aiming for $SEED to reject the offer and ask for more.  Thus, I placed a good till cancel order to sell my lot at $2.99 just in case.  Without any approval from the Chinese gov’t regarding $SEED GM seeds, it is difficult to justify a price of over $3.00.

$KGJI also staged a nice bounce today.

Look at that tall green bar!  There is earnings coming out later this week; perhaps, people are expecting another positive quarter.  How many positive quarters will it take for investors to finally believe in the legitimacy of $KGJI?

$DDD continued its rally and bump its head against the $51 resistance line.

As you can see, it went over $51 but failed to remain above it.  However, it still closed decently. Let’s see it tries again tomorrow.

$DMRC was down earlier but made a nice come back by the close.

See how the tail bounced off the 5 MA line and now closed above the 15 MA line?  The most important part is that price is still above the 79 & 89 MA lines which mean the overall trend is still bullish.

Despite falling price from $SVBL and $KNDI, gains from $DMRC, $SEED, $KGJI, and $DDD more than made up the losses and push my port another 1% higher. YTD gain is now 8.6%

Current holdings:

DMRC, LRAD, SVBL, SEED, DDD, KNDI, AMRN, KGJI, & CERS (100% invested/speculated)

From my other account:

While $FITX corrected some today, I’m basically still waiting for the Health Canada inspection result.  Some people are getting impatience and bailed due to some “alleged” zoning issue.  Oh well, this is speculation at its finest.

My 2 cents.

 

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On Friday, I said sooner or later, the bull is going to break thru the resistance and make new high.  Well, it happened sooner than I thought, it made new high today. Look at that green bar sticking out of the consolidation range.  Now, in order to confirm the continuing bull force, It is important that price does not fall back into the consolidation range inside this week.

$KNDI earnings report today convinced me to jump back in.  The fact that revenues increased over last year 1st Quarter meant that last quarter higher EV sales was no fluke. Although I bought after price spiked up, I was able to get some under $13; thus I am in the money on the trade so far.

The chart above looks like the bottom has a solid foundation. If the momentum can continue upward, I may add some more.

I also bought back some $CERS for the bounce.

Today had a bounce; however, I don’t have a strong conviction on this one since their earnings were not so great the last two quarters.  The only catalyst left on this stock is the FDA approval of its product in the US.  In other words, I’ll be quick to cut losses if price turns around from here.

$DDD opened higher and I was thrilled.  So I added a bit more.

Price climbed back above the support from last year October.  Let’s see if it can take out $51 resistance from here.

$DMRC continued to bounce higher.

Price closed above the 5 MA line today.  Let’s see if it can take out the 15 MA line tomorrow.

$LRAD also had a nice bounce today.

Price is now trading above the 89 XMA line and the 5 MA line has crossed over the 15 MA line.

All my stocks in my port went up today with $DMRC and $LRAD leading the biggest gain for the day. Thus, my port was up 3.3% today and YTD is now 7.6%.

Current holdings:

DMRC, LRAD, SVBL, DDD, SEED, KNDI, KGJI, CERS and 10% cash.

From my other account:

Still waiting for $FITX to announce result of Health Canada inspection.

My 2 cents.

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Well, the bull was one tough bull, isn’t it?

No matter what the bear threw at it, it is still trading at the upper part of the trading range.  Sooner or later, the bull is going to break thru that resistance and make new high again.

$GOGO started off the gate going negative so I sold it for small losses.  As much as I would like to see it bounce, I wasn’t going to fight a downward trend.

$DDD on the other hand was showing a bounce back after the initial drop at the open.  Seeing a long-tail candlestick in development, I bought back some shares for the bounce.

It did bounce more so I’m in the black on this trade so far.  Notice that the low of the day touched the lower band of the Bollinger band; this only “increases” the probability of a bottom.

Notice the weekly $DDD chart below:

Did you see the doji bar right at the support?  Major support here if the Doji-support combo hold.

$DMRC made a nice comeback and a bounce from the 79 MA line.

There is a strong probability of a continuing bounce now that it bounced off the 79 MA magical line.

Thanks to bounce from $DMRC and $LRAD, my port bounced back up 1.3%.  YTD gain is now 4.3%.

Current holdings:

DMRC, LRAD, SVBL, SEED, DDD, KGJI and 22% cash.

From my other port:

Waiting for $FITX to announce Health Canada inspection result and license approval.

My 2 cents.

 

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