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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Market bounced back some today.

If you look at the trendlines right below today low, you will see that even though price was down the last two days, the market is still in an interim uptrend simply because today was a bounce day.

$KNDI opened lower so I decided to sell my position to take small losses instead of riding it. I was looking for a continuing upward momentum and since it didn’t happen, there was no need for me to hang around.

$KGJI, on the other hand, opened strong and rallied hard early in the morning.  Naturally, I added more looking for $2+ in the near future.

Volume was very high today and price gave back gain from the morning spike.  Nevertheless, it was still up for the day for a healthy 22.5%.  While I added more at higher price, I’m still up on this position overall.  Price is now stuck inside the 79 & 89 MA lines, I like to see price climbs out of this support and rally forward.

$LRAD spiked nicely later in the day.

Price is now trading at the upper band of the consolidation range.

$SEED began to bounce again waiting for the prospective buy-out result.

Price is now trading above the 79 & 89 MA lines.  It is looking good from here.

Even with a minor correction from $DMRC, thanks to rallies  from $LRAD, $KGJI, and $SEED, my port is up 1.8% today.  YTD gain is now 9%.

Due to $LRAD spike up today, it is now the largest position in my port with $DMRC coming in second.

Current holdings:

LRAD, DMRC, SVBL, KGJI, SEED, AMRN and 11% cash.

From my other account:

After watching price collapsed below $0.06 in mid-day, I began to look for price to settle to buy the bounce.  When I finally saw the 5 min. bullish engulfment candlestick pattern being developed, I began to buy back shares.  By the time I was done, I bought back about 70% of my original size.

You can see a lot of support at today low by looking at the chart.  This was why I’d no qualm buying the bounce today.

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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Although the market was slightly negative today, I felt a strong undercurrent supporting the bullish stance.

Price is still above the 5 MA line despite a negative close.

Not to be given up so quickly, I tried $NUGT once again by buying in when price opened higher than yesterday close with a hard stop below the intra-day low.  This time I got traction.  My stop was not hit and I recovered all the money I lost from the last time I was stopped out of.  I’ll continue to hold this one as long as I can.

Chart showed a nice healthy bounce from here with volume greater than the last six trading days..

I also bought back some $KGJI which I used to own awhile ago but dumped it before the collapse.

I bought ’cause price bounced nicely off the support that goes back to September of last year. Let’s see if this one can bounce back to its formal trading range in the $1.7x area.

$DMRC bounced nicely today.

Today green bar may just be the beginning of another uptrend.  We’ll see next week.

Due to immediate gains from $NUGT and $KGJI as well as gain from $DMRC, $LRAD, $AMRN, my port went back up almost 2%.  YTD gain is now 7%.

Current holdings:

DMRC, LRAD, SVBL, AMRN, SEED, DDD, KNDI, NUGT, KGJI, and DNN (100% invested).

From my other account:

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

My 2 cents.

 

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The market continued to bounce today.

It closed above the range which was a very good sign.

$KNDI opened higher and then went on to take out the high of yesterday.

But that didn’t last, not long after making new high, price dropped like a rock.  My mental stop was triggered and I sold at the market to protect profit.  Price then bounced around b/w the low of the day and yesterday close.  The SeekingAlpha article comparing $KNDI to other biofuel stocks like $FCEL didn’t help either.  I’m going to wait this one out to see what happen before venturing back in.  Although I mentioned that I would hold this one for medium long-term, I do change my mind from time-to-time giving the circumstances surrounding the price action.  Sometimes I’m wrong and sometimes I can get lucky; but I learn to follow my instinct, right or wrong.  Giving enough time, my instinct becomes another tool I use to trade the market.

$CARA continued to bounce.

Price closed above the 5 and 15 MA line.  It does look like we may see a V-shape reversal after-all.  Notice that price bounced today on low volume.  That is why I don’t trust the selling when the float is so small.  You could be cheated out of your shares if you don’t have enough conviction.

$SEED also bounce off the support line today.

And the 5 MA line is now turning back up after touching the 15 MA line. I like to believe $SEED is heading back above $3 soon.

I’m glad to see $MZOR also bounced up.

It was good to see price moved away from the bottom range.

$SVA took out yesterday high and I want to go back in so I bought back some.

If price continues higher, I’ll add more when cash becomes available from the three days settlement.

$KGJI disappointed when price took out the lower range of the consolidation area.

What doesn’t look good is that price is now under the 79 & 89 MA line.  I need to decide what to do with my position real soon.  Perhaps, I will lighten the load a bit.

$LRAD and $SVBL didn’t do much today so I won’t post any chart on them.

Thanks to $SEED and $CARA, my port bounced back up another notch.  Now, my milestone target is only a stone-throw away.

Current positions:

LRAD, SEED, CARA, MZOR, KGJI, SVBL, CERS, SVA and 17% cash.

From my other account:

$FITX did a fantastic job blasting out of the downtrend line.

Now, I like to see price takes out the previous high of  $0.10 set up on March 7th.

My 2 cents.

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Market had a nice come-back.

But we are not out of the wood yet.  See how price still settled inside the consolidation range?  Price need to get back above the top range to be considered back on the uptrend.

The big news today was the positive $KNDI earning announcement.  They sold more cars than the estimate 2,800 units they gave awhile back.  Basically, there are more individual buyers besides the car-sharing garage purchase.  Not bad!  And too bad for me staying on the sideline.  But that was price I paid to be a by-stander instead of a participator.  It was like watching an ongoing poker game as an observer instead of playing at the table.  Well, as they said, it could have gone the “other way”.

Nevertheless, today news practically convinced me that the drivers in China are ready to contribute to the clean air campaign by buying more EVs.  Thus, I went back in this morning paying up to $20 per share for the buy-in.  Only this time, I did not load up the boat as before, instead I bought a medium size position just as I would in a new stock- such as $MZOR or $CARA.  As far as I’m concerned, $KNDI is to me just another brand new trade with a new entry setup.  My past gain in $KNDI does not factored into this particular new $KNDI trade.  In other words, I will not be saying to myself thing like, “Oh, I had so much gain on this one I could fight the trend a bit more…”.  Instead, I will trade this $KNDI trade with all the proper medium-term outlook with its proper stop loss target.  If price continues higher tomorrow, I may add some more.

Price took out the previous high of $20.75 with super-high volume.  I can see a long-term uptrend coming for this one provided there are no major market correction during the year.

$CARA finally bounced today.

Price touched the 50% retracement line and took off.  I can see a high probability that price will start to head back up and beyond.

$SEED continued to hold steady at the support line.

I can see the 5 MA turning up tomorrow or later in the week.

$MZOR finally succumbed and dropped a bit more than usual.

While price is still inside the consolidation range, it needs to bounce soon to remain on an uptrend mode.

$KGJI broke down some today and price dropped below the $1.85 resistance again.

Oh brother!  $1.85 resistance all over again!  Oh well, I’m waiting for the coming earning report to kick start the uptrend.  It will be nice to have this one bounces the way $KNDI did today.

To supplement my gold play ($KGJI), I bought a silver mining company ($SVBL) today. I’ll continue to accumulate as soon as more cash is released from the three days settlement.

The above is a monthly chart.  See how price began to turn upward?  Last month green bar was a bullish engulfment pattern. This month price action already took out last month high; therefore, I’m bullish on this one for long-term hold.  I also like the fact that this month is the ONLY month that price action took out the 5 MA line.

Thanks to the gain from $KNDI and $CARA, my port bounced up a notch despite some drops from $MZOR and $KGJI.

Current holdings:

LRAD, SEED, MZOR, CARA, KNDI, KGJI, SVBL, CERS & 10% cash.

From my other account:

$FITX had a fantastic break-out on the chart today.

Did you see how today big green bar with relatively higher volume took out the downtrend line?  Once $FITX received the license from Health Canada, this is going to be a multi-years hold for me.  At least, this will be my other “$LRAD” play.  I’ve been trading profitably with $LRAD since 1998.  $FITX will become an even bigger game once the production of both medical and industrial cannabis begin.

My 2 cents.

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Market had another down day after spending all day trying to stay afloat.

But all is not lost, price still closed inside the consolidation range.  The first “if” I talked about yesterday haven’t been breached yet.

The only one stock in my port that sunk the most is $CARA. The rest of my position were either neutral, slightly up or down which had minimum effect on my port.

While I’m taking a heat on $CARA, I didn’t mind much at all.  I guess my big win on $KNDI has afforded me the luxury to bide my time on this one.  Price has approached the 50% fib retracement from historical low to high, so let’s see if it will bounce next week.  Btw, I added some more today when it bounced in the morning.  However, I decided to keep my shares even though the price turned negative later on.

Speaking of $KNDI, earning report is supposed to come out Monday, although I’m no longer holding position for this pivotal event, I wish everyone who is holding good luck.  If it takes off based on positive events, I may start to look for re-entry point.

$SEED closed back neutral after taking out the $2.60 support.

Did you see the doji formation today right at the support line?  Meanwhile the  5 MA line is also approaching the 15 MA line, this could mean a potential bounce next week.  Sometimes. the 5 MA line will come back down to touch the 15 MA before it bounces back up if the uptrend momentum is strong.  Let’s see if this is the case.

$KGJI had a strong opening which took out the $1.85.  It reached as high as $1.94 before coming back down to close slightly lower.

Because of the spike up, I added some more in the morning.  I’m still holding my added shares ’cause I believe price will eventually take out the ultimate $2.00 resistance.  Once that is taken out, I believe price will fly.  Why?

$KGJI had been consolidating in a range for almost four months now and volume was also increasing recently.  With gold price as well as gold mining stocks climbing for the last several weeks, there is only so much the bear can do to keep $KGJI stuck in a range while almost every gold related stocks are climbing.  Thus, I believe once $KGJI is back in the limelight, price will soar.

$MZOR is also stuck on the consolidation range.

Although it was only for about two months, any good news will kick this one up to the upside.

$LRAD closed the week slightly down.

But if you look at the weekly chart above, what come to your mind?  It is in a bullish trend, isn’t it?

I also bought a small starter position on $CERS when it was up in the morning (which I forgot to mention on twitter), I decided to keep the position even though it closed negative for the day.  Having a small position will allow me to keep an eye on this and give me the opportunity to add more when price begin to climb again.

Look at the weekly chart above, price has strong support at the $5.75 level.

Due to $CARA downdraft, my port dropped another notch.  However, I’m still up nicely for the year.

Current holdings:

LRAD, SEED, MZOR, CARA, KGJI, CERS and 24% cash.

From my other account:

$FITX chart looks very positive with a second green bar.

There may be a good chance price may bounce next week.

My 2 cents.

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Market opened higher and then dropped like a rock.

Notice that price is still inside the consolidation range; therefore, it is too early to call it a bearish market.  However, if it takes out the lower range, then the next supports are the 79 & 89 MA lines.  If that is taken out, then the next support is the Feb. low.  If that is taken out, then the bull may be over.  So there you have it, there are three “if” before we can worry about the bear market.

I bought $CERS, $GALE and added to $KGJI today; the first two were a mistake ’cause the market tanked afterward and I didn’t get out sooner.  $KGJI was a good addition since price held strong and even took out the $1.85 resistance briefly.  Volume was high today so it could mean more rally later on.

See how price closed directly at $1.85 with high volume whereas it couldn’t even close near $1.85 in the past.  I believe investors are finally realizing how undervalued $KGJI is.

Yes, I regretted selling $TINY after I bought giving that price had gone up due to an article from SeekingAlpha.

I’m not sure if I want to chase this one here.  I’ll have to wait and see.  All I can say is I miscalculated yesterday by focusing only on the D-Wave quantum computer.  Oh well…

$SEED corrected along with the general market.

But price still closed above the support line.  In fact, it is sitting right at the 15 MA line as well.  Let’s see it bounces tomorrow.

$MZOR continued to impress by fighting off bear attack.

Look at the bounce back!  The longer the consolidation, the more powerful is the breakout.  I expect the breakout is to the upside of course.

$CARA continued to correct.

Notice price is now sitting on the 15 MA support line as well as the 38.2% fib retracement line.  If it bounces tomorrow, I may add more.

$LRAD dropped out of the consolidation range but managed to climb back up to close as even.

Oh well, let’s see if it can bounce tomorrow.

Thanks to $CARA drop, my port dropped another notch down.  While I’m now below the milestone target, it is definitely within sight; so it  is a matter of time before I get back up there and beyond.

Current holdings:

LRAD, SEED, MZOR, KGJI, CARA and 28% cash.

From my other account:

Relatively speaking, I must say I’m impressed with $FITX performance today even though it didn’t go up.

The fact that it stayed even without going further down today despite a down market was very bullish to me.  It looks like it may bounce tomorrow and beyond.

My 2 cents.

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Market played the diver today by going up the springboard in the morning time and then jumped into the water not long afterward.

Price is still around the upper range of support so I would call this a healthy correction so far.

$SEED opened strong and I bought back the 40% shares I sold yesterday.  Everything was going perfectly until the mood changed in mid-day.

Since price is still above support, I decided to hang onto the shares I added back today.

$CARA also did a reversal after a stellar morning spike-up.

So far, the chart still looks bullish with a healthy dose of correction..

$MZOR performed nicely considered that most every one did a reversal.

Price is still within the top range of the consolidation area.

$KGJI was still having problem breakout out of $1.85 resistance.

I added back some $KGJI I sold yesterday due to the morning surge.

$SVA,, like everyone, enjoyed a strong morning so I bought a medium size position looking for a bounce.

Price did not turn negative and the close was higher than yesterday.  So far so good.

$CERS looked like it was bouncing off from yesterday doji bar so I bought a starter position to test the water.

Price turned negative for the day.  I will see if the $5.77 previous low @ Feb 3rd will hold before deciding what to do with my small position.

$LRAD remained neutral and range-bounded.

As long as it is not trending back down, I’m happy.

Basically, my port was in neutral zone after adding all the pluses and minuses together.

Current holdings:

LRAD, SEED, MZOR, CARA, KGJI, SVA, CERS and 22% cash.

From my other account, I was disappointed that $FITX traded lower while most other cannabis stocks went higher.  Oh well, what can I say but to remind myself to be patient.  Rome isn’t build in a day or a week.

My 2 cents.

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The market had a wild swing during the day but closed the day neutral.

While it was a red bar, the overall trend is still up.  Notice that since beginning of February, there was only two significant corrections, 02/19 and 03/03.  This can only mean that we are in a kick-ass bullish trend or we are due for another small correction soon.

And this is the basis of my concern that I no longer feel the conviction to hold on to my $KNDI shares.  A collection of recent events had somehow changed my strong conviction on $KNDI into a cautious “going for a quick buck” speculation.

What recent events?

Remember that time I bought $XONE in December @ low $5x.xx and rode it all the way to high of $70.xx+ in mid-January and then watched a whole chunk of my unrealized gain evaporated into thin air in the name of “bullish conviction”?  This experience taught me that I must temper my conviction with a dose of short-term reality. This lesson was further confirmed by my most recent gave-back of my medium size unrealized gain on $CERS going into earning day.

Reaching my milestone target is another event that put me into cautious mode.  I do not want to fall below this milestone high so early in the game after just reaching it.  Selling out my largest position (30%+ of my port) to lock in gain was the only way to ensure that my milestone high would not be out-of-sight if a correction hit $KNDI b/w now and March 17th reporting day.

Since $KNDI had climbed so fast and is making new high approaching the March 17th reporting day, I’m becoming more leery of holding such a huge amount of unrealized gain gambling on the earning outcome.  In other words, if I’m going into this earning date with my unrealized gain on the table, I’m practically betting this whole $KNDI pot (principle and unrealized gain) on the earnings result.  So  I asked myself if I am ready to push all my $KNDI chip in the center of the table?

No.

The possible “island top” was all I need to find an excuse to sell $KNDI to lock in profit last Tuesday 03/04.

In an nutshell, I lost my “nerve” on $KNDI.

But that is just me.  $KNDI could surprise and continue to move much higher and those who have the gut to bet big will surely be rewarded for their risk-taking.  I believe I was rewarded very well for my gut and conviction of buying at the low $5 and rode it all the way to $18.xx since the latter half of 2013 with a double-down in late December after Geely’s announcement on the EV version of the London’s black taxi.

For now, $KNDI is just another possible speculative bet that warrants a “guerrilla” type of trading- in and out with small to medium size position for a quick swing trade.  With more update fundamental news, I may again become a longer-term holder.  One thing I learn is that today stock market environment requires us to combine nimbleness and a long-term outlook at the same time.  Think of a jaguar following the herd jumping in and out of the herd for the kill but still follow the herd for the next possible kill.

I actually went in with some starter position on $KNDI today but chickened out at breakeven when I realized I didn’t want to hold the position over the weekend.

Both $CARA and $LRAD were taking hit today so my port suffered another small setback.

Since $CARA position was only 1/3 of my original $KNDI size, My conviction of its disruptive pain-killer technology can handle the drawdown.

So far, all I’m seeing is some normal price correction.  Still holding my shares long and strong despite taking heat.

$SEED was practically neutral which was good enough for me.

Notice that price is still above the support area. Still holding long and strong.

$KGJI bounced slightly today.

Perhaps, next week price will take out the $1.85 resistance once and for all?

$MZOR performed well today coming back from a bearish attack to close only slightly down.

Price is still trading in the upper-range of the consolidation.

$LRAD was still stuck in its own consolidation range.

Today was another set back but I like to see price bounce tomorrow to stay inside the recent consolidation area.

Due to $LRAD and $CARA correction today, my port was down another notch but overall is still above milestone high.

Current holdings:

LRAD, SEED, MZOR, CARA, KGJI and 28% cash.

From my other account:

$FITX broke thru the resistance today.

Although it fell back from the high of the day, it still closed above the previous resistance which has now become support.

$FITX announced that it acquired Hemp Technologies Ltd.  I believe that $FITX is laying on the correct brick to build the company up. To me, it makes perfect sense.  After harvesting the 1.3 million pounds of medical cannabis, those non-bud (leaves and stems) can be used for industrial hemp.  Nothing go to waste.  What perfect synergy!

Still holding long and strong.

My 2 cents.

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