Alrighty! Finally, the bull perked up and started to gallop up the hill…

Now, the chart looks unarguable bullish.

And my port could not agree more!  Today is one of the best up days for my port.  Three positions were up more than 10+% and only one that was down slightly.

The largest gain came from $LRAD since it is my largest position.

Look at that beautiful solid green up bar with higher than average volume.  And we haven’t even heard the earnings call yet.  If, a big IF, the earnings call and future guidance are positive, there are a lot more room for this to go up.

Man oh man, am I glad I bulked up on $AMRN last Friday with proceed from $URA.  $AMRN continued to surge ahead with super high volume.

What I like about the chart is that price is now penetrating the 79 & 89 MA lines to get back on the top side.  If momentum can continue tomorrow, the 79 & 89 MA lines will become supports.  Fundamentally speaking, there are more good news regarding the superority of Vascepa Omega-3 pure EPA.  I might just be able to recoup all my prior losses on $AMRN and make even more money with this one if this momentum can continue onward.  If that is the case, this disaster for the last two years will be a blessing in disguise ’cause it gave me the opportunity to load up under $1.00 in a way that I could not do if FDA had been favorable to $AMRN from the beginning (two years ago).

Did I catch the bottom for $NUGT finally?  I hope I did.

Price continued to bounce higher after a gapped open.  While I didn’t buy at the bottom, I’m just glad to catch the start of the momentum last Friday with the proceed from $URA.

$DMRC, while up slightly, still performed admirably against the bear attack by closing on the positive side.

I like the green bar riding on the 89 MA support line.  It sure looks like it is going to bounce from here.

With $LRAD up 13.9%, $AMRN up 23.4%, and $NUGT up 14.6%; my port gained a fantastic 9.5% for the day.  My YTD gain is now at 22.5%.  And it is not even Thursday yet.  If $LRAD earnings is leaning on the positive side, there are more gain to be had before the year is over.

Current holdings:

LRAD, DMRC, ORBC, AMRN, NUGT (100% invested/speculated).

My 2 cents.

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Oh no… another week of meandering bull movement.  Did you bring your pillow?

While price is maintaining status quo, the oscillators are beginning to turn down.  Will there be a catalyst this week for an aggressive bull?  Yes, we need an aggressive bull pronto!

Today, from my port, one stock went down ($DMRC), one neutral ($ORBC), and the rest were up.

My decision on Friday to sell $URA to lock in gain and then allocated fund to $AMRN and $NUGT proved to be the right move.  $AMRN was up 12.63% today.

Now, price just needs to take out the previous high of $1.10 from Oct 22nd to start a bullish trend. I’m sure glad I bulked it up Friday.

$NUGT continued to bounce higher after a negative start.

What I like about the chart is the the 5 MA is about to cross over the 15 MA line.  We will see if that is going to happen tomorrow.

$LRAD bounced today to begin the week.

This Thursday after hour will be the earnings call.  That day will decide if I’ll have a spectacular return on my port for the year 2014.  If not, then I’ll have to make do in 2015.

$DMRC continued to correct.

Currently, price is settling at the 89 MA support line.  As far as I’m concerned, the bull is still intact.

$ORBC being neutral, I’ll skip the chart.

Thanks to $AMRN spectacular run-up and the gains from $LRAD and $NUGT, my port gained 1.1% despite drawdown from $DMRC.  YTD gain is now at 13%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, NUGT (100% invested/speculated)

From my other account:

Yeap, still holding $MCIG.

My 2 cents.

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Since this week had been a slow week in term of bullish momentum, it is better to show the weekly chart just so you can see the up movement.

There you go.  An up bar.  From the daily chart, you can hardly see the move…

Today, I decided to take profit from $URA bounced-back rally so I could allocate fund to $NUGT and $AMRN.

Don’t get me wrong, I’m still bullish with $URA except that I felt the potential for a stronger bounce can come from $AMRN and $NUGT which are in the process of forming a bottom.  $URA, meanwhile, had already made an initial bullish drive in the last six trading days.

Can $URA go higher?  Sure, but yesterday big down day tell me it may be a rocky ride from here.  Today bounce simply gave me an opportunity to lock in gain first.

Before I bought $NUGT near the end of the trading day, I had been daytrading $DUST.  Every dips I bought could not bounce well.  Even by the last hour before closing bell, the time when $NUGT would usually give back decent size gain, $DUST could not sustain a bounce.  I was racking up tiny losses buying $DUST.  By then, I realized $NUGT was holding its ground solidly.  I checked $URA price and it was printing $13.96 and then I checked $NUGT which, by some miraculous design, was also printing $13.96!

“That’s my clue!”

I immediately sold 50% of $URA and bought the same number of shares in $NUGT.  $NUGT went on to reach the high of $14.20 but settled down to close $13.93 which was right around the corner of $URA closing price of $13.96.

The daily chart of $NUGT above showed a very strong bullish engulfment bar with higher than average volume.  The fact that today was a second attempt to rally hard after the first attempt failed 6 trading days ago is a testament of the bull resolve to bounce.

From the weekly chart above, the last two green bars with high volumes told me that the probability of a bottom is high. There were lot of buyers in the last two weeks!

Then I decided to check the weekly script # for $AMRN.  9,880!  Only 120 to hit 10,000 weekly. While I already have a position on $AMRN, I decided it was time bulk it up for a possible bounce.  So I sold the remaining shares of $URA to do so.

The above daily chart showed that $AMRN had been rallying since Tuesday albeit on less than average volume. Nevertheless, I’m motivated to add more due to the weekly chart below:

$AMRN has a decent green bar with volume that is comparable to the last six weeks.  It is enough for me to bet on a possible bounce from here.

$LRAD was practically neutral for the week albeit a slightly down week.

There is nothing to drive $LRAD until the earning announcement and future guidance come out late next week.  I’m locked and loaded on this one.

$DMRC did not have a good week since the weekly red bar below is not an appealing bar at all.

However, the positive side is that price is still above the 5, 15, 79 & 89 MA lines.  So, I’ll call this a “resting” week for $DMRC.

$ORBC has a solid up week with very high volume.

From the weekly chart above, I’ve to say that $ORBC is gearing up for a major rally.  Did you see how the price had been bouncing off the 79 & 89 MA lines for the last eight week?  These 79 & 89 MA lines are powerful support lines and have been proven to be a dependable launching pad for strong rally.

Due to $DMRC down day, my port gave back 0.4% for the day (thanks to gain from $URA to cushion the draw down),   YTD gain is now at 11.85%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, NUGT (100% invested/speculated)

My 2 cents.

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Looking to the right, then left… nothing in sight, the bull then cautiously trotted onward.

Price continued to move higher; however, it needs to pick up speed soon or it may start to dip down.

Today was a correction day for my port. Except for the energy and gold, the rest was down.

I added more $NUGT when it took out yesterday high. Unfortunately, I was still recovering from Wednesday stop-out when I loaded up big; thus my position is only half of what I bet in Wednesday’s chip size..  In hindsight, I was one day too early in loading up.  Sometimes, suffering a bigger hit can affect your propensity to remain aggressive in the same stock.  Instead I diversified my cash to $URA to play safe.  Although $URA also bounced, it did not bounce as much as $NUGT.  But these are all hindsight talking, I should be happy that today price gain on $NUGT recovered the losses I took in Wednesday stop-out.  And I should be happy that I went back in despite multiple times of stopping out for small losses.

While the bounce is impressive, it has yet to prove that the bottom is in.  Although I like to load up “at the bottom”, sometimes you just have to take the gift of the momentum when you see one.

The weekly $NUGT chart above shows the first weekly green bar after nine consecutive red bars.  I may add a bit more if price continues to advance.

$URA has an impressive bounce today.  I’m so glad I’ve decided to buy some yesterday.  Sometimes chart reading can help you get that “nudge” to move in.  The double-bottom setup was a tale-tell sign even though it wasn’t a guarantee, the odd is better than 50% a bounce can happen if the price did not drop the following day.  That was why I bought yesterday when it did not open down to negate the up day before. And when price opened higher today, it increased the odd of a continued bounce so I double-down after the open.

Weekly chart below:

Both daily and weekly charts show a strong bounce.  As long as price does not take out recent low from here, I believe we are seeing the bottom in uranium.

$BAS also bounced but not as much as $URA.  However, I’m taking any bounce regardless of % gain since a continuing upward momentum is needed to change the trend back to up.

At least the price closed above the 5 MA line which is a good positive sign.

The weekly chart, on the other hand, is not so encouraging.  The next weekly bar needs to take out the high of this week bar to confirm a good reversal bounce.  Nevertheless, the 2013 low is right below to act as support.

$DMRC spent the week consolidating around the low of Monday down day.

I take it as a good sign that price did not break below the 23.6% Fib retracement support (blue line).

The weekly chart above simply shows a normal correction after three weeks of up bar.

$LRAD corrected a bit more today.

While there wasn’t much of a follow-up to Tuesday big move day, the weekly bar above still shows a price increase from last week.  In other words, price is advancing slowly. I’ll take that anytime any day over a down week.

$ORBC was down ’cause the secondary offering is priced at $5.60.  Price has no choice but to follow-thru to find the equilibrium.  But it doesn’t need to stay there as I’ve learned the hard way from $CLDX which I got out after the offering and missed the spectacular rise from $7 to $20+.

I like the way price regained momentum to close near the high of the day.

From the weekly chart above, I like the fact that price regained momentum to close above the 89 MA line.  I’m excited about the acquisition for I believe it will put $ORBC into strong competitive advantage over the long-run in the M2M sector.  I’m holding this one for long-haul.

Due to corrections from $LRAD, $DMRC, $ORBC and thanks to gains from $NUGT, $URA, and $BAS that helped cushion the losses, my port gave back 2.2% for the day with YTD gain now at 10.5%.

Current holdings:

LRAD, DMRC, ORBC, BAS, URA, NUGT and 3.8% cash.

From my other account:

$MCIG had a good week with this week bar higher than last week.

I’m waiting for my dividend share of the spin-off for Vitasig.

My 2 cents.

 

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Uh ohh… we’ve a doji candlestick right at the previous high resistance…

This week may set the tone for the upcoming market direction.  If price break down from here, it could mean a double-top at previous high and the bear may try to bring it back down.  If price makes new high, then the doji is just a pause for the continuing bull pattern.

Today I dumped $AMRN and bought back $NUGT for bottom-picking.  I sold $AMRN ’cause I was concerned about the lack of volume.  While Friday closed with a bullish engulfment, I noticed that it was a “weak” bullish engulfment due to relatively low volume.  And lack of volume in the morning ’cause me to think twice about holding this one thru earnings.  So I sold when the bids were there to take my sell orders.  I was lucky to get out at breakeven.

$NUGT opened higher so I decided to try again.  I bought when price started to rally some more after the open.  I was underwater not long afterward but I wanted to give this one more room to handle the volatility.  Later in the day, I was rewarded with my patience.

While you could see the bounce, it really is a weak bounce relative to the whole chart.  I’m wondering if I can hold on to the gain for today going into tomorrow.

$LRAD, $DMRC, and $ORBC all corrected today.  $DMRC announced their debut into mobile payment solution at the Money 20/20 conference which is actually happening now.  I’m thrilled to learn that their mobile solution is quite simple and intuitive.  Let’s see if their solution will gain traction down the line.

 

Today down day confirmed the bearish engulfment as a top for current correction.  However, this is still a normal correction as far as I’m concerned.

Although $LRAD and $ORBC corrected, price is still within the consolidation range that I considered as non-event.

With drawdown from $LRAD and $DMRC, my port gave back 1.8% with YTD gain at  9.1%.

Current holdings:

LRAD, DMRC, ORBC, NUGT and 12.7% cash.

From my other account:

Both $MCIG and $FITX bounced today; therefore, I’m in good shape here.

My 2 cents.

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The bull made another push against the bear and gained another foot of movement…

At least, the bull now emerged out of the rectangular box.  Now it needs to overcome the resistance from the previous low established back in August.  We will know tomorrow if this resistance can be broken to the upside.  If not, back to the box it will be.

Today was almost a neutral day for my port with two slightly down ($LRAD, $DMRC), three up ($ORBC, $INFN, $NUGT), and one even ($AMRN).

I was fortunate that my $NUGT did not get stopped out at the open.  In fact, price opened higher and spent the rest of the day continued upward.

From the daily chart above, the rally today only put the price back into the consolidation range.  In other words, price is still basing and there is no inclination of a breakout just yet.  However, notice that the 5 and 15 MA lines are now converging and it is possible that another up day will make the 5 to cross over the 15.  Thus, if there is another up day tomorrow, I may add to the $NUGT position.

$INFN rallied nicely to maintain a bullish stance.

Notice that the 5 has crossed over the 15.  Price action looks good for a continuing rally.

$LRAD managed to rally back to close at “almost” breakeven.

Notice that price is still hanging around the 79 & 89 MA lines.  I’m still very bullish with this one and anyone who sold has allowed the short-term traders to influence their conviction of the trade.  Not me, I’m hanging on to all my shares waiting for the big rally that is still simmering underneath the earth waiting to explode.

$DMRC’s judgement day may be this Wednesday.  Will the earnings call reveal the big retailer(s) who is/are testing the Digimarc barcode?  If so, do they love it?  Any positive news will move the price higher; however, another “we are not allow to disclose the name of the retailer yet” update will stall the advance unless it is qualified with a comment that they like what they’ve seen so far.

Thanks to $NUGT, $ORBC, and $INFN, my port gained 0.3% today with YTD gain at 5.7%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, NUGT, and 3.5% cash.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

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The bear didn’t have a chance.  The bull simply dragged the bear along in its pursue of height.

The above is the weekly chart.  See how it ended the week escaping the tan rectangular box?  While it didn’t close above the box, it was definitely good enough to call it a win for the bull.

While the market was up, my port had a minor correction which was to be expected after it had defied gravity for most of the week.

I sold $KNDI in the morning when I still had profit to take.  I didn’t like the high open and then a sell-off afterward.  I also bought some $NUGT for bottom-fishing with a GTC hard stop below the lower bollinger band from the daily chart.  I wasn’t stop out by day close.

$LRAD and $AMRN were even for the day with $DMRC, $ORBC, $INFN, and $NUGT closing in the negative territory.

Below are the weekly chart which show more bullish tone except for $AMRN and $NUGT which are more on the fences.

$LRAD weekly chart below::

I like the fact that price closed above the middle line of the long-range Andrew’s Pitchfork (purple lines).

$DMRC weekly chart below:

This week bar completely recovered from last week red bar. Now it just needs to get over the 79 & 89 MA lines to begin the bull move.

$ORBC weekly chart below:

It was a strong green bar above the 79 & 89 MA lines.  Breaking out of $7 resistance will be the next target.

$INFN weekly chart below:

While I was late going in, this weekly bar looks strong for continuing upward momentum.  Price is also above the 79 & 89 MA lines.

$AMRN weekly chart below:

Price was neutral at the bottom.  Price needs to stay above $1 for survival sake.

$NUGT weekly chart below:

What more can I say, it is a catch-the-falling-knife play with a hard stop.  The reason why I decided to play this one is because of last week “almost” doji bar. It could mean a possible bottom. If it bounces from here, I’ll be OK; if not, I’ll be stopped out for sure.

Due to some minor corrections from $DMRC and $ORBC, my port gave back 1.2% for the day with YTD gain at 5.39%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, NUGT and 3.6% cash.

I noticed that $IBIO went higher today to close above $3.  While I did not take the trade, I’m happy for those who is sitting on profit.  I’m quite content with the money I made off from $IBIO and was “relieved” to be free from it.  To get back in will cause me to stress out about giving back gain I’ve made.  $IBIO is currently floating on air based on nothing more than their IP portfolio.  Any news of containment of the Ebola over the weekend will cause a gapped down situation in Monday morning.  I for one will certainly wish that this deadly Ebola will be contained over the weekend.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

 

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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 bounced some today.

I like the fact that it closed above yesterday high. This confirmed the bullish stance especially when yesterday was a long tail bar which meant the bull came back strong from below and now it was able to hold its gain and some.

I added to $AMRN today anticipating a breakout of the $1.67 resistance.

It finally did but price closed right on the resistance level… wait a sec… it should be called support now.  Anyway, chart still looks good to me for a possible bounce to higher price.

I bought $NUGT back today ’cause price was bouncing after the open.

When price took out the opening range, I bought back a position. Let’s see if price can move higher from here.  I’m feeling that flight to precious metal is about to happen soon.

$DMRC moved higher today and is now near the resistance point of $34.3x.

Let’s see if it can take out that resistance tomorrow.

$CERS also bounced a bit higher.

I like the fact that price is now closing above both the 5 & 20 MA lines.

Thanks to rallies from $DMRC, $SVBL, $AMRN, $SEED, and $CERS, gain was more than offset the losses from $LRAD and $APRI.  My port gained 1% today.

Current holdings:

DMRC, LRAD, SVBL, AMRN, SEED, CERS, APRI, NUGT and 6% cash.

From my other account:

$FITX had a correction today but that was again a non-issue except to wait for Health Canada to inspect and approve the license.

My 2 cents.

 

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Market was on defensive all day.

See how price rested on the support?  However, with $AAPL after hour rocket launch, we may see a bounce tomorrow in the general market.

Today, I decided to be Rambo and bought $DMRC aggressively into the earnings betting for a positive outlook.  After listening to the earnings conference, I’ve to say that things are looking up and up.  Unfortunately, due to the “expected” losses, there were a few thousand shares being dumped after hour.  Being a super low-float stock, a few thousands shares in the after hour could weave havoc to the price.  So far, price was down 16%.  Since I like what I heard in the conference call, I’m going to hold this one long-term.  I may even buy some more below $30 if I can.  I expect to see a rocket launch for this stock later in the year when they sign a large retailer to their Digimarc barcode technology.  So, I’m not worried.

When $KNDI went down to low $13.xx after the open, it triggered my mental stop and I got out with a small gain.

$NUGT looked good for a bounce after it took out yesterday high so I bought a position.

After weathered the initial downdraft, price eventually bounced higher the rest of the day.  However, there are quite a few resistances ahead, namely the 15, 79 & 89 MA lines.

Seeing that I was aggressively adding $DMRC, I decided to lighten up other positions to make room on the risk department.  I sold $AMRN and $CERS at breakeven.

I also bought $TZA for a bounce and got stopped out not long after due to a tight stop. After seeing price bouncing back up from where I was stopped out, I bought back in and set a hard stop below yesterday low.  This time, I got traction and was in the money by the close.  Nevertheless, seeing that the market is up after hour right now, I probably will have to give back the gain from today.

Due to the correction on $DMRC and $LRAD today, my port dropped 1%.  I may give back more % tomorrow if $DMRC cannot recover from today after hour trading action.

Current holdings:

LRAD, DMRC, SVBL, SEED, NUGT, TZA and 33% cash.

From my other account:

$FITX continued to surprise when it announced today of appointing a “highly qualified” director with a heavy credential.  Somehow, price couldn’t hold above $0.09 cents so it dropped back down to mid $0.08x by the close.

$FITX is currently installing the front gate with sally port as a final step to get the Health Canada approval for a license.  We may hear something soon (as in the next two weeks if not sooner).

My 2 cents.

 

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