The bear finally found the bull weak spot and pushed its advantage.  As a result, the market fell hard.

However, price is approaching the 79 & 89 MA support lines.  I’m anticipating a bounce from here since it is near the support MAs.  As seen from the daily chart above,although today was down big, it is still within the context of the bull market.  In other words, the major uptrend line has not been violated yet.  If it bounces from here, the bull is still on.

While five of my seven stocks were down, $AMRN rallied hard thanks to Adam Feuerstein, who foresaw the collapse of $AMRN before it actually happened, wrote a somewhat bullish thesis in that $AMRN is a good bet with good risk/reward ratio.. Thus, $AMRN singlehandedly stopped my port from taking a big hit in today market avalanche.

See how price took out the high of $1.78 established in July 1st?  This confirmed a more bullish stance ’cause the two previous pivot highs (May 2nd and July 1st) had been taken out.  Now, if price can only stay above the $1.78 for the time being while waiting for the FDA decision.  In reality, despite my up day on $AMRN, the gain was on borrowed time ’cause if FDA voted no again, down it goes.  However, if FDA votes yes, it will make my day as well as my year.

Another stock worth mentioning is $HYGS.

Despite being down more than a buck during the day, it had enough buyers to push it back to close at 46 cents lower.  Being a small float stock, it was a strong performance in a down day.  If I had spare cash, i will see any price below $22 a good bargain to buy more.  I guess I wasn’t the only one thinking this way.

I was surprised to see $STV closed higher for the day.

It did trade lower but it came back to close higher.

I had a strange incident today with my $KGJI cash dividend.  I saw the money in my account as promised by previous dividend declaration news from $KGJI.  Then I found out later that $KGJI actually was postponing issuing the dividend until August 28th.  What’s up with that?  Since I already got my dividend in my account, I thought I lucked out with a premature slip.  I used the proceed to buy more $AMRN.

Lo and behold, when I looked at the online statement just now, I found that $KGJI actually pulled the cash dividend out of my account!  What bug me was that $KGJI had a whole month after announcement of dividend declaration to seek approval from their government, why now?  Anyway, I’ve to revisit my conviction in staying with this stock.

If $KGJI had not pulled out the cash dividend, I would have a positive day.  Instead, my port suffered a small 0.5% losses thanks to $AMRN for saving the day.  YTD losses is now 1.4%.

Current holdings:

LRAD, DMRC, HYGS, STV, KGJI, AMRN, ORBC (100% invested/speculated)

From my other account:

I placed a breakeven stop on $KNDI and was promptly stopped out in the morning.  Oh well…

My 2 cents.

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The bear paws were big and ugly, tried as it might to push the bull underwater, the horn of the bull could be seen splashing water while fighting to free from the bear paws..  By the closing, the bull head could be seen above the water smoking a cigar while the bear was napping from exhaustion.

Due to the long tail, I say the bull has a good chance to regaining some more ground tomorrow.

Today was a bright day for me.  $HYGS continued to shine over my port.  As expected, investors like what they’ve heard on the earnings conference call.  I believe $HYGS is currently trading at the bottom relative to future price trend.  It doesn’t matter it is $22 or $24, we are still at the bottom.  Imagine five years later when 10% of the country is driving fuel-cell cars or that 20% of the power-grid is hooked up to power-to-gas hydrogen storage system around the globe.  Are you seeing the picture here?   Remember how long it took 3D printing technology to become relevant to investors’ mindset?  Well, I believe the time has come for fuel cell technology to become relevant in our near future.

See how price closed slightly above the $23 resistance.  I like to see price traded above $23 going forward to maintain the bull stance.  However, I won’t hold my breath for it.  Giving its low float status, price will trend up in a wavy manner like a guy running in zig-zag to avoid getting hit by flying arrows.

$DMRC continued in forming a U-shape curve back to the upside.

However, I like to see price get back above the support line as soon as possible.

$AMRN broke out of its small symmetrical triangle.

I like to see price head back above the 89 MA line.

Today, four stocks were up with three down slightly.  Thanks to a big part in $HYGS, my port gained 1.9%.  YTD losses is now 0.9%.

Current holdings:

LRAD, DMRC, HYGS, STV, KGJI, ORBC, AMRN (100% invested/speculated)

From my other account:

I bought $KNDI for a trade and added more later in the day.  I’m still holding my position as of now.  I like the idea of On-street EV charging/Parking stations since they are much easier to build out comparing to the EV car-sharing garage.  Having the City to allocate the street parking for the EV charging spaces is much easier than negotiating limited land space to build out garages.  In fact, having on-street charging is very similar to the immensely popular bicycle sharing program in China.

My 2 cents.

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Market traded lower after open but made a gallant effort to climb back to positive territory to close.

Price is now at the resistance point again. If market takes out today high tomorrow, it will also take out the resistance as well.  Let see if it can do it.

My port was subjected to quite a bit of volatility today due to wide swing in $HYGS.  But what matter is how it is closed by the end of the day. $HYGS closed near the high of today trading range which was a positive sign even though it was down for the day.

As far as the chart is concerned, it is still very bullish in my book.  It is my opinion that the development of business progress and the technical signs in the chart are in perfect harmony with each other at the moment. July 30th earnings update will decide if this harmony continues onward.

$DMRC had a small bounce today despite a negative early start.

If you look carefully on the chart, you will notice that today price bounced off the Fib 61.8% retracement line.  It is possible that price may begin to climb back up from here.

$STV, $KGJI, and $AMRN all bounced nicely today. Unfortunately, $LRAD, being my largest position, did not do well today.  Thus it dragged my port down by 0.5%  despite some bounces and recovery for the day.  YTD losses is now 3.4%.

Current holdings:

LRAD, DMRC, HYGS, STV, KGJI, ORBC, AMRN (100% invested/speculated)

My 2 cents.

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Market had its correction for the week.

It was still a healthy correction with price closing above the 15 MA line.  The bear tried to push it down further but could not overcome the bull resiliency.

The winner of the day in my port is $HYGS. Price went ballistic and rallied 17.6% for the day.

With today rally, price took out the $20 as well as the 79 & 89 MA resistances.  The chart is very bullish with the next resistance being $23 established in early May.  Once that resistance is taking out, next resistance is at $28.75 established in late March.  Yes, it won’t be a straight line going up; however, positive earnings outlook coming soon in July 30th may propel price to take out these resistances easily.  I’m holding thru earnings, of course.

Fundamentally speaking, for those who are curious about today price rally, Hydrogenics has proven itself to be leader in Power-to-Gas energy storage system by being selected as a Preferred Respondent by the Independent Electricity System Operator (IESO) for Ontario in its procurement for Grid Energy Storage.  On top of this project, Hydrogenics “have already experienced the positive impact of having a highly visible reference site with E.ON in Germany” (excerpt from article in above link).

Power-to-Gas is one of Hydrogenics main products and solutions being offered.  And this part of the business has only just begun.  As more and more cities and countries begin to see the validity of the Power-to-Gas energy storage concept, Hydrogencis will be getting calls.  Here is the beauty of Hydrogenics Power-to-Gas energy storage system, “it integrates renewable sources of generation, converts surplus electricity to produce hydrogen or renewable gas, and leverages the attributes of the existing natural gas infrastructure.”

Now, you know why I’m holding this one for a long-long time.  $HYGS is my make-up for the missed $LNG trade in which I bought at $3 and sold at around $7 or $8 and missed the whole ride to current $75+.

I was fortunate to have $HYGS spectacular rally today ’cause my other six stocks were down along with the general market with $DMRC leading the charge.  Hence, my port was down only 0.3% and YTD losses is at 2.9%.

Like I said, all I need is a minimum of one of the seven stocks to have a knock-out rally before year-end to give me a positive year.  We still have the five months before the year is up.

Current holdings:

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

From my other account:

I daytraded $KNDI today with a small gain.  While I originally bought for a longer-term hold, I changed my mind when I saw my gain becoming smaller in late afternoon.

My 2 cents.

 

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Market was practically neutral for the day.

Although a new high was attempted during the day. If tomorrow remain neutral or better, we will end the week with a solid weekly up bar.

$DMRC bounced well with higher than average volume.

Price is now back above the weekly support line.  With continued strong interest in the Digimarc barcode system by the top retailers in the country, price has a good chance of going up from here.

$HYGS also rallied hard today.

Price is now back on the uptrend line.  When price takes out the $20 resistance line, $HYGS will be moving much higher.

While $DMRC and $HYGS were the only two stocks that went up today, price gains were more than enough to offset the negative closings of the five other stocks.  Hence, my port gained back 1% and YTD losses is now at 2.6%.

Current holdings:

LRAD, DMRC, HYGS, STV, KGJI, ORBC, AMRN (100% invested/speculated)

From my other account:

Since I don’t have any cannabis stocks, I bought some smaller position size of $LRAD, $AMRN, $KGJI, and $DMRC for this account.

My 2 cents.

 

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The market bounced back like a spring that didn’t appreciated being pushed down by the hand of the bear.

Up and away it went all day.

With such as strong bounce, all my positions except $KGJI rallied back some.

$DMRC bounced back from support that was March 3rd’s low.

If it bounces from here, then price is trading in the consolidation range until we hear update next Wednesday.

$HYGS found strength in mid-day to rally persistently till closing bell.

From the chart, supports established from beginning of June seems to hold well.  I expect this stock to be nothing but volatile due to the tiny float; thus I’m content to just watch this little “sapling” I’ve planted in my backyard to grow.

Have you ever planted a young tree and then after many years when you “remember” to pay attention, you exclaim, “Mother of tree!  Ain’t you such a giant!”

I believe the timing is ripe for hydrogen fuel cell to make major inroad to the electric vehicle industry.  Check this out:

Cost and availability

Now, check out the California road map on FCEVs.

Not to mention the multiple way to harness the power of hydrogen fuel cell, with power back-up as an important utility.

No, I’m not going to let market volatility steals my shares.  I’m holding on to it thru thick and thin, like I’m doing with $DMRC and $LRAD.

$LRAD bounced some today.

Price is still trading at the upper part of the consolidation range.

$AMRN and $ORBC bounced some while $STV continued to close slightly higher.

Thanks to today gain from six of my seven stocks, my port gained back 1.8%.  YTD loss is now at 3.1%.

Current holdings:

LRAD, DMRC, HYGS, STV, KGJI, ORBC, AMRN (100% invested/speculated)

From my other account:

I added to $FITX and it managed to close near even for the day.

My 2 cents.

 

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Market continued higher but is now trading against the resistance from previous high.

Can it make new high again or will it trade back down?  Stay tune for tomorrow.

Despite higher market, my port continued to get hit by correction. Only $LRAD was able to stay up for the day.

$DMRC is still trading at the support level. 

News was out that $DMRC will release 2nd qtr earning next Wednesday and a conference call is scheduled for the same day as well.  The moment of truth will be my doing or undoing next Wednesday.  Reading between the fine lines on the news:

“…and provide an update on market conditions and execution of strategy”

So there is an “execution of strategy” in motion.  I like the sound of that.  Am I grasping at straw here?  Maybe or maybe not.  Next Wednesday will be judgement day.

$ORBC tried to hit resistance and failed once again.

From the chart, price is still following the uptrend line. Notice the volume was lower today compared to yesterday.

$STV is still trading near the support.

While it was down slightly, I still hold strong conviction on this one.  Perhaps, I need $STV to replace $KNDI as the rising star.  Missing $KNDI recent run is like missing the bus.  There is always another one coming.  It can be one or several of my seven stocks in my port.

Although $HYGS is down today, it is still above the uptrend line.

Let’s see if the uptrend line can be a good support.

Thanks to $LRAD up day, it helped cushion the loss on my port to 0.5%.  YTD losses is now -2.7%.

Current holdings:

LRAD, DMRC, HYGS, STV, KGJI, ORBC, AMRN (100% invested/speculated)

From my other account:

$FITX gave back much of the gain from yesterday.  Oh well,..

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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