Boom!  Just like that, the bull was standing by the previous high… almost touching it.

From the weekly chart below, you can see that it took four weeks for the bear to bring it down to the 79 & 89 MA lines area; yet it took the bull only two weeks to get back up to near previous high.  Who is in charge?

The bull!

$NUGT gapped down from yesterday big dump which seemed to me was overdone.  So I decided to play the catch-the-falling-knife once more time by buying the opening range breakout.  I was looking for a possible island reversal bottom formation.  In mid-day when price began to rally again after dipping back below opening range, I added some more.  However, when closing bell was approaching, price began to sell off.  Giving this bearish closing momentum, I decided against holding over the weekend and sold out my position for small losses.

I also bought back $AMRN when the weekly script number went back to 9,4xx.  Last week it dipped down to 9,2xx from 9,4xx so it wasn’t very encouraging which probably explained the price drop.  But with script # going back up, there is a possibility of reaching 10,000 script in a couple of weeks.  I could see that I wasn’t the only one buying back in.

Price showed a bullish engulfment candlestick bar today so let’s see if it signifies a bottom here.

$DMRC finally corrected today which was a well-deserved one since price had been climbing non-stop the whole week.

However, I’m not crazy about the bearish engulfment bar today from the daily chart above.  But then, a bearish engulfment bar has to be confirmed next week by making lower low.  We will see if that is the case.  On the other hand, the weekly chart below shows a bit more bullish tone overall.

Take a look at the third week up bar in January. It also had a long tail on the top; however, price continued higher in the four week.  Will $DMRC repeat the same pattern next week?  We will see.

$ORBC had a good day as well as a good week.

Daily chart below:

Weekly chart below:

Price closed above $6 for the week after struggling all week to climb out of $5ish.  The weekly chart showed a successful basing on top of the 79 & 89 MA lines.  I think price is ready to rally from here.  Of course, it will be relying on catalyst from the upcoming earning report.

$LRAD spent all week being neutral.

So, I wasn’t surprised the week ended in a doji bar as you can see in the weekly chart above.  It is also depending on upcoming earning announcement to determine future direction.

I sold $STV today for small losses due to its inability to bounce in a bullish day.  I bought it for the bounce and I would not want to hold if it could not bounce.  This was purely a trading position so conviction played no part in my wanting to hold.

Due to correction from $DMRC, my port gave back 0.2% today.  YTD gain is now at 10.9%.

Current holdings:

LRAD, DMRC, ORBC, AMRN and 7.9% cash.

From my other account:

I bought back some $FITX today looking for a bounce.  $MCIG also rallied some today so the bounce is happening.

Both $FITX and $MCIG charts look bouncy from here.

My 2 cents.

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So we have a minor dip today at the market.

Price closed above the 5 & 15 MA lines which is still bullish.

As for me, my conviction is being tested with a heavy drawdown from $DMRC.

Price traded to the support at $28.5x level.  Let’s see if this support will hold.  Somehow, despite today bloodbath with low volume, I’m not too concerned with the price action.  I’m just going to hold this one until I hear news one way or the other.

Today, I started a new position on $HYGS.  I like the prospect of hydrogen fuel cell being the “ideal” power backup for data center.  This news article, CommScope Partners with Hydrogenics to Provide Indoor Backup Power Solution for Data Centers, is what sold me on the merit of $HYGS.  When you think of data center, what come to your mind?  Does Google, Amazon, Facebook, or IBM ring a bell?

See how the price is trending up?  Pretty soon, I expect price to climb above the 79 & 89 MA lines. Nevertheless, the 79 & 89 MA lines are where the $19.3x wall of resistance is located.  To break out of that resistance,  $HYGS needs to get one of the brand names mentioned above to take up its backup power solution.  $HYGS had recently done a secondary offering in May which explained the drop from $20 in mid-May.  With the secondary out of the way, let’s see if this one can climb back up to former glory by doing business with the big guys. Btw, I sold all my $NMRX position to buy $HYGS.  Since I already have $ORBC, I don’t need $NMRX.  I also scaled down $AMRN to buy more $HYGS.

$STV took a dip after the open but bounced back up nicely.

See the long-tail candlestick bar here?  If price takes out today high tomorrow, we may be on for a good bounce.

$ORBC couldn’t overcome the resistance and fell back down below.

I’m not worried about this one at all.  I’ve strong conviction on this one simply because they just have six brand new satellites up in space with eleven more to go by the end of the year.

Basically, all my positions took in water today which set me back 3%.  YTD loss is now at 2.2%.

Current holdings:

LRAD, DMRC, HYGS, STV, KGJI, ORBC, AMRN and 3% cash.

From my other account:

$FITX was the only stock that went up for me today.

Good thing I added more yesterday.

My 2 cents.

 

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After yesterday recovering bar, I was not surprised that market closed green today.

Price now closed above the 15 MA line. Looking good for a continuing bounce next week.

Today, I juggled my port a bit to make room for two new stocks: $STV and good old $CERS.

After watching the China Digital TV webcast presentation from Deutsche Bank, I’m getting an impression that this could be my next $KNDI.  I’d bought $KNDI from between $5 – $6 and rode it to $18.50 to lock in gain.  Only this time, I see a much stronger business model with a predictable growth factor; unlike $KNDI which is counting on the “potential” acceptance of its EV business model by multiple cities across the China.  I’m sure, in time, $KNDI will flourish; but the question is how long do we have to wait?

In today chart, it confirmed the support of $4.2x is holding by bouncing off yesterday recover bar. Thus, I bought a position with the remaining cash and to add more, I also sold  1/3 of my $AMRN position (at breakeven) to free up cash to buy more $STV.  Let’s see if it will continue the bounce next week.  I’ll be watching the $4.2x support.

I also revisited $CERS and like what I saw on the chart.

While prices were trading below the 79 & 89 MA lines, I like the fact that it had bounced from the support at $3.7x that went back to May of this year.  Looking at the chart, I’ve to admit that the $3.7x support looks pretty solid.

$DMRC had a bounce that stopped the slide for the last four consecutive day.

Since this is a super-low float stock, it didn’t take much for any larger seller to create a landslide; on the other hand, it will be very difficult for the same seller to buy back the shares at this price ’cause any buying in size can easily jack this price back up to $34.xx in no times.  So, I’m not worried about the volatility here.

$ORBC is the star today.

Price took off probably in anticipation of next week SpaceX launching of its satellites.

Thanks to gain from $ORBC and $DMRC, my port gained back 0.7% today with YTD gain at 0.6%.

Current holdings:

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

From my other account:

$FITX chart looked good today.

It showed the floor at $0.4x is holding well.  Now, can we hear about the HC licensing decision please?  I wonder how much longer we have to wait to find out.  Nevertheless, I can’t help admiring the professional and high tech look of the current growing facility that is waiting for approval to grow.  I may consider adding more next week.

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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Market corrected today and gave back about four days of gain.

If you look at the chart pattern inside the consolidation range, do you see a head and shoulder in development?  If price takes out the lower band of the consolidation range, the market is in trouble.  If price takes out the previous low at April 11th, it will be bad.  But these are all “ifs”; so let’s not get ahead of ourselves here.  As long as price stays above the 79 & 89 MA lines, I’m leaning on the bullish side.

I didn’t do much today except to add a bit more $AMRN and $APRI which closed down for the day.  I’m going to give these two a bit more room to breath instead of trading in and out quickly.  I want to hold these twos for a longer term to see if fundamental can take them back up; so I’m going to give it some more room.  Last time I traded in and out of a stock I missed out the spectacular rise of $GWPH.  So, I’ve learned my lesson once again.

$DMRC opened lower and then dropped like a rock when somebody dumped a thousand or so shares at the market, but that was a fake low since the next trader who bought a couple of hundred shares had to pay much higher than the intra-day low.  This is what you’ve to deal with when you are holding a super low-float stock.  I don’t mind it at all since I believe once the fundamental story begin to take hold and embrace by the market, price will be on the up and up.  I’ve got a good feeling about this one the same way I had a good feeling about $LNG.  My mistake was that I allowed the volatility of $LNG got the best of me so I bailed with a small profit and missed the biggest rally ever.  This time, I’m going to hold on to $DMRC despite volatility.

See how price had regained much of the downdraft by closing bell?  Today bar looked like a dragonfly doji; this pattern has a high probability of being a market turning points.  Let’s see if this is the case here.

It was strange that $SVBL did not follow the silver trading pattern today which was up slightly.

This must be an aberration due to some motivated sellers trying to raise some cash.  I’m holding this one the way I’m holding $DMRC and $LRAD ’cause I believe flight to precious metal may happen this year.  I don’t know when but it may happen.

Due to $SVBL and other minor corrections of the rest of the positions, my port was down again.

Current holdings:

$DMRC, $LRAD, $SVBL, $SEED, $AMRN, $APRI and 30% cash.  YTD gain is now 7%.

From my other account:

$FITX bounced nicely today.

Now, the long-standing resistance is only a stone throw away.  I believe money flow coming from people who sold $PHOT was driving $FITX up today.

My 2 cents.

 

 

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The market struggled all day to maintain above water and it did but barely.

From the chart, while it was still a red bar due to a higher open, you can’t help but think it is quite bullish.

With market gapped higher on the $SPY, I was thinking of closing out my $TZA at the open.  I even placed a market sell order before the open.  Then I remember how $TZA had bounced right back up last several times when it opened lower.  So in about a minute before market opened, I cancelled the market sell order and placed a stop below the after hour intraday low to give $TZA some room to bounce.

And bounced it did.  As $TZA broke out of the intraday high, I added more. When it broke out of the opening range, I added again.  However, when price couldn’t hang on to the upper band of the opening range and started to fall off, I closed my positions to lock in some gain.  Since I’d seen my $TZA gain evaporated into thin air the last few times, I learned my lesson well.

I also placed a breakeven stop on $NUGT before market opened and was stopped out not too long later in the morning.

$DMRC did not stayed at the after hour low after open but instead traded only about 5% below initially.  Then price began to bounce and reduced the losses even more.  I started to add more shares by taking small bites at a times.  While price eventually gave back the gain from the bounce and ended the day down about 6%, I’m not worried anymore.

After reading the earnings call from yesterday, my belief in the company has gone up and I’m fully prepared to handle the coming drawdown against my $DMRC position.  With a small float and outstanding share of a little over 7 millions, this is not the stock to trade in and out.  This is one stock where I’ve to dig in my heel and hold it until the flower bloom.  Thus, it is now standing side-by-side with $LRAD as a long-term hold. Both have low liquidity.  Giving my aggressive purchase of $DMRC, it is now my largest position in my port with $LRAD coming in at 2nd place.

I’ve noticed that after I sold $AMRN yesterday, price was holding very strong.  Thus, I decided to buy back some shares for the hold.  I may add more tomorrow when fund becomes available.

$APRI chart looked good and news today gave me confident to buy back a position.

Notice that price is now above the 79 & 89 MA lines.  It is still well above the mid-point of the long green bar from April 16th.  A long green bar with high volume has a high probability of defining a bottom.  If price goes up tomorrow, I may add more if fund becomes available.

Due to drawdown from both of my two largest position ($DMRC and $LRAD), my port is down 2%.  YTD gain is now 9%.

Current holdings:

DMRC, LRAD, SVBL, SEED, AMRN, APRI and 33% cash.

From my other account:

$FITX continued to slide back down a bit more after hitting resistance yesterday.

At this point, I’m not worried about the day-to-day price action.  There is nothing to do but to wait for the Health Canada approval of the license.

My 2 cents.

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Market continued higher in a slower and cautious speed.

Another green bar boded well for $SPY. However, as you can see, there is a nearby resistance market has to overcome before heading higher.  The middle blue parallel lines is what I’m talking about.  Did you see the previous highs clustered around March 18th to 26th, and then again at April 9th and 10th?  Tomorrow we will know if price will break thru the resistance or drop back from bumping its head against resistance.

Today, I was shaken out of a few positions during the morning mini-collapse 40 minutes after the open.

At first, I added to $KNDI ’cause prices were heading higher like a trapped bull finally running free of its cage.  I added quickly and aggressively and was in the zone.  Then, without notice, price began to fall fairly quickly.

“What the f***?”

Due to my aggressive buy, I almost doubled down from Friday position.  With the speed of the fall continuing to accelerate, I saw my unrealized gain vaporizing into thin air.  Trying to cut the position quickly so I didn’t have to eat a big losses from this “uninformed” drop, I started hitting the “Sell market” button one after the other.  Somehow, I got carried away and ended selling the whole $KNDI position.

“Darn!”

Looking at my remaining available cash (from three days settlement), there wasn’t enough to buy the original size back.  So I moved on.

Oh yeah, while I was dumping $KNDI, I took it upon myself to dump $GWPH, $CARA, and $FSLR as well.

BAD Mistakes!

Practically all of the positions I sold except for $GWPH would have put me in a nice gain today… but you know it wasn’t me talking now, right?  It was Mr. Hindsight who was speaking (typing…)

Anyway, at the times I was selling the positions mentioned above, I was merely re-balancing my port to accommodate the “possible” cliff-falling market action.  Since the cliff-falling did not happen, my re-balancing act was not needed.  I did what I needed to do at the time so it was nothing for me to “dwell” on.

The act of re-balancing was a mean to allow me to keep some of my long positions without too heavily invested.   $KNDI, $GWPH, $CARA, $FSLR all came in this morning as a medium size starter positions and they were meant to be the first to dump if I felt the market was turning back down.  Meanwhile, $LRAD, $DMRC, and $SVBL were my three largest positions in the port and I want to keep them large going forward; thus my non-hesitation in dumping the stocks mentioned above even though they all came back up by day close.

Before the dumping this morning, I also bought back some $CERS and added to $SEED.  Near the close, I bought back some $AMRN to take advantage of the lower price.  I decided to buy back $AMRN ’cause when I called the pharmacy to refill my Vascepa fish-oil, they were able to give it to me the same day.  In past, they always had to “order” them due to the fact that I might be the only one who wanted it.  Not having to “order” meant the pharmacy is stocking up Vascepa to handle demand.  Hence, my buying back $AMRN.  Pretty crude justification to buy but it was good enough for me to do so.

$DMRC.  I realized I had not mentioned why I selected $DMRC to be a major holding of my port.  I think this news should sum it up:

Digimarc Unveils the Digimarc(R) Barcode at NRF 2014: Significantly Improves Checkout Scanning Speed While Enabling Unprecedented In-Store Mobile Engagement

Here is what I like in the news announcement, “Top brands, including Cooking Light, Costco, Ford and Sharper Image are already using digital watermark technology in magazines, brochures, catalogs and food packaging to engage with consumers via mobile devices.”

Although this was old news from back in January, it was very relevant to me when I discovered it last week. The technology and the concept could not be more relevant in today proliferation of smartphones with internet access.  How convenient it is to simply point your smartphone to the article, TV, audio sound, or the product itself and capture the hidden digital barcode that will take you straight to the information website or even the shopping cart screen for you to place an order without having to go thru the steps of “googling” the product you want to know more about.

So I started buying.  Due to the very low float, this stock was difficult to buy in bulk without chasing it up.  So I bought some everyday for the last few trading days.  Wednesday will be earnings day and I’m taking a big risk buying into earnings.  If this takes off after Wednesday, I hit another home-run, and if it tanks after earnings, I may add more depending on the new information that becomes available.

From the chart, price is now getting near the previous resistance at $36.93 (or $37); let’s see if Wednesday earning will blow this resistance to pieces or my position into pieces…

Since I sold my trading stocks to cut losses in the morning times, I didn’t have enough gain to offset the drawdown from $LRAD and $SVBL.  However, gain from $DMRC did a good job reducing today losses.  Today, my port dropped 0.5%.

Current holdings:

LRAD, DMRC,SVBL, SEED, CERS, AMRN and 42% cash.

From my other account:

What more can I say?

$FITX continued to bounce higher anticipating  a positive Health Canada response.

Price has to overcome the nearby resistance around $0.09.  Let’s see if it will take it out tomorrow.

My 2 cents.

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The market continued to bounce some today.

While it was not a big rally like the last two days, it was enough to keep the bull momentum intact.

For some reason, I got the distinct feeling that today the bull was developing into a base.  Thus, I began buying back some positions for the long-side going into the long weekend.

I started by adding more $DMRC.  Then seeing that $KNDI bounced off the long-term support at $11.00 area two days ago, I “felt” it was the right time to buy back some positions.  I’m also stroked by last Monday news that Shanghai is going to launch the public EV car-sharing system pilot project.  In a “normal” market day, this news might create a gap-up situation but current bearish climate neutralized the new info as if it was nothing.  I see this as an opportunity to buy back some now.  Let’s see if $11.00 can hold the support; if not, I may have to cut and run to stop the bleeding.

See how the support extends all the way back to beginning of January?

I also bought back $GWPH which I’d been trying to buy (and stopped out) previously.  However, I was sensing a bounce coming so I bought a starter position to see if it bounced this time.  It did so far.

Like $KNDI, the support extends all the way to early January as well.

$SEED was also bouncing from yesterday small green bar.

I started buying $SEED after the open to build it back to about 70% of my original size.  Price closed above the 79 & 89 MA lines  and it looks good.

I like $FSLR here ’cause there is a support that extends back to November of last year.

If the support holds, I may add more.  I like $FSLR ’cause it was the only solar stock that did not corrected like all other solar stocks.  In fact, while others were sliding down, $FSLR was actually on the up and up.

I added to $DMRC ’cause I saw the possibility of price taking out the resistance from late March.

Price did took out the resistance.  Let’s see next week can keep up with the upward momentum.

I also bought $CARA but price didn’t do much; so let’s if it will bounce next week.

Thanks to rallies from $LRAD, $DMRC, $KNDI, $SEED, and $GWPH, my port regained yesterday losses.

Current holdings:

LRAD, SVBL, DMRC, KNDI, FSLR, SEED, GWPH, CARA and 35% cash.

From my other account:

$FITX released news that added more weight to its goal of being the largest legit medical cannabis producer.

Due to its positive effect, price rocketed up 20+%.  As a result of the news, I added more $FITX as well.  Did you see how price bounced off the 79 & 89 MA lines?  Magical!

My 2 cents.

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Market continued on its rally today and placed itself right back into the middle of the consolidation area.

Price now closed above the 15 MA line.  Looking good so far.

Seeing the market was up, I began to buy back some stocks to test the water. I started with $FSLR; then starter position on $GWPH, $CARA, $KNDI, and $DMRC.

Unfortunately, all of them except $DMRC were having problem floating on water.  $FSLR began to sink and so were $CARA and $KNDI.  Seeing that not every stocks were going up and some were still struggling to stay even, I set close stops and all of them were triggered.  I left $DMRC along since it price pattern was quite strong for the last two weeks.

By the end of day, $FSLR rallied back up and I was left without shares ’cause I’d no spare cash.  Most still tied up with the three days settlement.  My going in and stopping out of new positions on the same day for the last few days had kept my available cash limited due to the three days settlement rule.

Believe it or not, having a cash account with no margin have kept me from going over broad.  This intentional limited fund balances my urge to move too much too quickly.

Thanks to uptick on $LRAD and $DMRC, my port went up slightly.

Current holdings:

LRAD, SVBL, DMRC and 64% cash.

From my other account:

$FITX bounced some today which put price back on the 79 & 89 MA lines.

So far so good.

My 2 cents.

 

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