Market staged a spectacular rally after a gap-up.

Look at the spike up!

$KNDI also followed with its own spike-up as well.

However, I’m spooked by the narrow range doji formation at the top. Although it has not been confirmed to be one, the doji at the top reminds me of the island top reversal pattern.   Thus, despite my better judgement, I made the difficult decision to sell all my $KNDI shares to lock in profit even though I like this one for long-term.

Another main reason I wanted to lock in profit today is because my port has finally reached a milestone in term of a specific target I’ve dreamt of achieving.  In a manner of speaking, I’ve broken my own “sound barrier” record.  As such, I like to see this new milestone frozen for a few days by locking in my biggest gain so that any temporary correction of $KNDI will not drop my port back below today high.

$MZOR was up slightly but I added some to round up my investment size.

Price is now banging against the top range of the consolidation.  Let’s see if it can breakout to the upside this week.

$CARA was also up today and it was fighting to stay above $22 all day but failed at the end.

At first, I sold some to lock in profit.  But the more I think of its potential as a pain-killer drug, the more I want to stay in with my trading shares; thus I bought back the shares I sold in the morning plus some before market closed.  Let’s see if this one can continue upward this week.

The rest of my positions provided minimum impact on my port.  Thus, today $KNDI, once again, took my port to a whole new level.  I’m sure I may regret getting out today but I need a rest to enjoy the view for a moment.

Current holdings:

LRAD, MZOR, CARA, SEED, KGJI, SVA and 32% cash.

From my other account:

$FITX fell off the cliff and even I found it disturbing for a moment.  Thanks goodness price bounced back up eventually.

See how price bounced off the 79 MA line?  Magical!  With such high volume to back up the bounce, the odd of continuing upward is high.

My 2 cents.

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Market fell off the cliff today but managed to hang onto to the tree branch dangling above the consolidation range.

See how price closed back above the range?  I could see a bounce tomorrow.

Meanwhile, thanks to $KNDI and $CARA, my port made new high today.

$KNDI opened lower but bounced back to the surface rather quickly.

As you can see, the bear tried to push $KNDI down in mid-day but failed; price bounced back up to close near the high of day.  It was a nice looking bullish chart, you would think the general market was up today just by look at $KNDI chart.

My weekend research pointed me to $CARA.  It has a fantastic story of a pain-killer drug that is as strong as a morphine drug but without the opiate addiction side-effect.  Please pardon my pasting an excerpt from a contributor from SeekingAlpha:

The most exciting CARA compound is CR845, which is not a CB-acting drug. CR845 is unique because it acts on pain receptors in the same class as those acted on by morphine but it does not cross the blood-brain barrier, leading to significantly reduced side effects. This molecule is currently in Phase III studies for Post-Operative Pain, and had excellent morphine-sparing effects in Phase II results.

I couldn’t contain my excitement as I learned more about $CARA.  As luck would have it, due to negative market open, $CARA also opened down.  I jumped at the opportunity to build up a position while price was debating whether to go down more or to go back up.  I didn’t care if it would go down more ’cause I wanted to buy more.   As price began to climb back above water, I just kept on buying until I got the amount I wanted.

To my surprise, price began to climb much higher from my entry point during mid-day.  Although price gave back some gain from the high of the day, $CARA closed almost 13% higher for the day.

$SEED also performed admirably in the face of down market.

Price did bounce back from the support as I had predicted.  $SEED looks like it is going to go much higher soon.

Although $LRAD, $MZOR, and $KGJI all corrected a bit today, the gain from $KNDI, $CARA, and $SEED propelled my port to another new high today.

Current holdings:

KNDI, LRAD, MZOR, SEED, CARA, KGJI, SVA and 1.5% cash.

From my other account:

$FITX continued to head south and somehow, I wasn’t concerned at all.

Notice that price is getting near the 50% retracement area.  Currently, the heat I’m taking is being absorbed by the gain I made from $XTRM earlier before I got into $FITX.  In the back of my head, I somehow know that $FITX will pull through and get the facility build… but that’s just me.

My 2 cents.

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The SPY took a tumble after reaching new high but then bounced back to close higher for the week.

From the chart, it all looks good.  Today was a pause day with a bias to the upside.

$KNDI took out the $17 resistance and made new high.

Although price closed below $17, it opened the door for further $17.xx.  In other words, The resistance was one layer weakened.

Regardless, $KNDI closed strong for the week.

See how high the volume was for the week?  While some may focus on how many cars $KNDI might have sold so far, I don’t think this is what drive the price up, I think it is the “potential” of multiple cities adoption of $KNDI car-sharing (vending machine style) programs that will drive the price.  Come March earnings, I believe people will look for the clue on number of cities signing on in the program.   Just take a look at some of the biotech such as $CLDX and $ISIS, look at their market cap compared to the revenues.

$LRAD looked good so far.

Despite a rough day fighting off sellers, it ended the day neutral.  Now, $LRAD just needs to take out the resistance @ $2.24 to move higher.

$MZOR closed higher a bit but did took out the upper range of the consolidation during the day.

I believe $MZOR will continue to climb from here since the recent earnings result was all good on the revenues increase.  I see more and more surgeons and hospitals adopting this robotic device to provide better efficiency and accuracy in spinal and brain surgery.

$SEED bounced higher but gave back all gain before closing.

The good news is that price still stays above support for now.  I believe traders and investors alike will buy the support for the next leg up.

$SVA was a bit disappointing ’cause price closed negative after breaking out of the consolidating range.

Nevertheless, price is now settling right on the convergence of the 5 and 15 MA lines.  Sometimes, this is a good support here.  Let’s see if price will bounce next week.

$KGJI continued to head south below resistance.

Although I’m taking heat, it was small heat.  But still, it was money tied up unproductively.  It hasn’t really gone anywhere even when $NUGT went higher.  I guess I just have to wait for the next $KGJI earnings report to see any big move here- up or down.  I’m voting for up, of course.

Due to a mixed batch of ups and downs on my six stocks in my port, I ended up with a neutral day.  But my port had a strong week that ended in a new high.

Current holdings:

KNDI, LRAD, MZOR, SEED, KGJI, SVA and 5% cash.

From my other account:

$FITX collapse after breaking down below $0.08 that caused panic selling.

My only thought at that instant was “why didn’t I wait a few more days before adding?”.

See how the daily bar closed with a hammer candlestick?  This can mean a “possible” bottom.  But price needs to close above today high next week to confirm the bottom.

Oh well, by sticking to my discipline of not averaging down, I stayed put.  When I said I was done buying yesterday it meant that I was done scaling in.  Anything purchase after that against a downdraft is considered averaging down.  Thus, I did not buy more today.  Still long and strong and I believe the facility will be completed and the permit will be granted by Health Canada.  Yeap, that is my conviction, right or wrong.

My 2 cents.

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Market bent down a bit at the open and then jumped up into the air.  Up and away it went.

See how price went down to touch the upper range of the consolidation area (support) and then bounced higher afterward.

With SPY closed at all time high, my port is following the trend by making an all time high as well.

Thanks to the three big upside momentum on $KNDI, $LRAD, and $SEED which contributed to my port making an all time high today despite $CERS putting me one back step yesterday.

$KNDI chart looked much better today compared to the last two neutral days.

Although price did not make a new high from the this week, it was still a good green bar with an upward momentum.  We may see a breakout to new high tomorrow if the wind blows higher.

$LRAD made a strong upside reversal after opening on the downside.

Volume was also higher than average.  Potentially, there may be more steam behind this rally.  Look forward for this one to move higher.

$SEED finally took out the resistance and closed above it.

Although price fell back from the high of the day, I’m just thrilled that price remained above the resistance which will now be called support.

Both $MZOR and $SVA also moved higher but their dollar value in gain were relatively smaller compared to the three stocks above.

Again, $KGJI did not rally.  I’m beginning to feel that this one is dead money.  But I like to believe when the time comes, it will rise very fast; therefore, patience is required for this one.

Good thing I sold $HALO yesterday since price went down after-hour today due to earning miss.

Current holdings:

KNDI, LRAD, MZOR, SEED, KGJI, SVA and 5% cash.

From my other account:

$FITX sell-off seemed to be slowing down.

Notice that today was a short range doji bar which could mean a temporary bottom is setting in.  But this bottom needs to be confirmed by a higher bar tomorrow.  Let’s see if it will bounce.

My 2 cents.

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Why do I get a feeling that today is a groundhog day?  The SPY and $KNDI were doing almost the same thing as yesterday.

As the daily chart reflected, $SPY did another yesterday with a neutral day.

Now look at $KNDI.

Another long-tail doji that mimicked yesterday bar. Again, the chart is still bullish.  Perhaps, third time is a charm tomorrow?

$CERS, of course, collapsed after open.

I pretty much sold all my shares not long after open while I still had a small profit to lock in.  But I gave back a huge chunk of unrealized gain.  I sold ’cause I didn’t want to deal with the after-shock of the collapse.  Based on the earning transcript, look like we won’t hear from FDA until the 2nd half of this year.  That is another four months to go.  Thus, I’m going to move on to something else in the meantime.

With the available cash from sales of $CERS, I added to $MZOR, bought $SVA, $ATOS, and $APRI.

I bought $ATOS looking for the bounce;

and $APRI looking for a breakout against resistance.

.

Both fell backward before close.  Let’s see how they go tomorrow.

Because $KNDI fell back down to neutral zone after a strong morning rally, my port was pushed back one step by the fall of $CERS.

Small rallies from $KNDI, $SEED, $MZOR, and $KGJI helped cushioned the $CERS loss a bit.

I almost forgot, I sold $HALO ’cause price broke below yesterday low.  Since $HALO is another Baker Brother’s pick ($CERS too), I felt that the fall of $CERS may eventually affect $HALO as well.  This logic didn’t make sense but I went along with it anyway.

Current holdings:

KNDI, LRAD, SEED, MZOR, KGJI, SVA, APRI, ATOS and 4% cash.

From my other account:

I added some more $FITX to round up my position size.  I’m done buying.  Now I’ll just wait and see.

As you can see on the chart, $FITX closed near the support.   Let’s see if this can bounce tomorrow.

My 2 cents.

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The market took a break today. It didn’t move much.

From the chart above, you could see that price is still above the recent consolidation range; thus the bias is still on the upside.

$KNDI had a wild day today.  It started off going under water and then price jumped up high in the air, pause for a scenic view at the top, and then descended back into the ground in an accelerating manner.

Nevertheless, price still closed above $15.xx as well as being above support from previous high.  While the long-tail doji could signify a temporary top, it is not a top until it is confirmed.  The next few days will determine if price can still bounce from here.

$CERS finally closed above the resistance.

But this might be short-lived since they missed revenues projection and price already dropped 90 cents on the after-hour market.  I’ll be curious to see if price will bounce back in anticipation of the FDA approval.

Since $KNDI dropped back down to neutral for the day by market close and the rest of my positions were in small change mode, my port was pretty much neutral as well.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, HALO, MZOR (fully speculated)

From my other account:

$FITX continued to correct and I continued to add more to scale-in my position.

See how price bounced back to close at the 15 MA line as well at the uptrend line?  I’m still bullish despite recent correction.

My 2 cents.

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The market rallied hard during day but gave back some before close.  Somehow, the resistance was quite formidable for the SPY to crack.

Notice that price closed right on the resistance.

$KNDI, again, brought home the big fat bacon today.

Price broke out to the upside convincingly with larger than normal volume.  Not only that, it closed above the previous high of $15.39.  What more can I say?  I’m not surprised at all for I know it is a matter of time.  Still holding all my shares long and strong.

Next, $CERS continued to move higher.

Price is now getting ready to take out $8 soon; but first, it needs to close above the current resistance of $7.85.

$SEED made another attempt to take out the resistance of $2.37 and failed once again.

However, price seems to stay well above the 15 MA line.  I’m sure a few more attempts and the resistance would give way.

$HALO continued to bounce higher.

I like the slow steady climb that was reflected on the chart.

$LRAD and $KGJI also moved higher.  The only one stock in my port that didn’t go higher is $MZOR.

With $KNDI leading the charge, my port has made new historical high today.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, MZOR, HALO (fully speculated)

From my other account:

I was disappointed to see $FITX sold off after the gap-up.

With so many people who bought below $0.05; profit-taking was to be expected.  Despite the down day, I added a bit more today.  I think the key point right now is that Cen Biotech stays on course to complete the facility on time to get the permit to start growing and selling.  Price volatility is to be expected b/w now and completion of facility.  I intend to hold this one thru the volatility.

My 2 cents.

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The market reached out to the resistance level but dropped back down to close almost at neutral.

However, by looking at the daily chart above, price is still within the upper range of the consolidation area; therefore, for all intent and purpose, the bias is till on the upside.

Meanwhile, my port also had a minor correction mainly due to $KNDI and $SEED,  Bounces from $MZOR, $HALO, and $CERS helped reduced the correction to a minimum.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, MZOR, HALO (fully speculated).

From the other account:

$FITX was holding its ground for the weekend open house.  Based on what I read so far, seemed like the meeting went well.  Pictures of the planned building(s) looked good and promising.  There may be a gapped up tomorrow.  If not, I’ll be adding more to take advantage of the inert moment.

From the daily chart above, it is possible that tomorrow price action will take out the resistance of $0.1149 easily.

My 2 cents.

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Market bounced back from yesterday down day and kept the upward momentum intact for the moment.

From the daily chart above, you can see that price is now in a mini-consolidation phase.  I like to see price takes out the resistance above to continue the rally; otherwise, failure to break out of the resistance could result in a downdraft when profit-takers scramble for the door.

Today, except for $LRAD, every stocks in my port bounced as well.  As a result, my port regained most of the give-back from yesterday.

$KNDI continued to maintain attitude near the top range of the consolidation box.

Price closed above the 5 MA line which is good.  Let’s see if price can close higher than the consolidation range by tomorrow to close the week on a positive note.

$CERS bounced  back half-way from yesterday down-day.  Giving tomorrow is option expiration day, I’m sure there will be a struggle for the short to keep price from gaining higher than $7.50 which is the strike price for Feb call option.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, MZOR, HALO (fully speculated).

From my other account:

$FITX looked good today.

Giving that the coming weekend is the open house event for investors to take a look at the facility at Lakeshore, Canada; I like to believe that many investors who spend the time and money to travel there will come out satisfy that the facility is the real deal.  With a positive feedback, price may continue to climb slowly from here until the final permit is issued.

My 2 cents.

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Market did a boomerang after touching the previous high resistance.

See how the high of the day touched the previous high of established in Jan 15th and then dropped back down to negative territory.  The next few days of price action may show some light of where the direction may be- up, down, or sideway.

Needless to say, except for $KGJI, all the stocks in my port corrected today.  However, the light at the end of the tunnel is that $KNDI had a spike up in after hour trading thanks to $TSLA earning news.

I also sold my $TINY position and used the proceed to buy more $MZOR.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, MZOR, HALO (fully speculated)

For my other account, I sold all $XTRM to lock in my gain after open simply because I found out that the real number of outstanding shares is much much larger than what is reflected at Yahoo.finance.  On top of that, the more I looked at it, the more I wondered how $XTRM is going to get the money to build out the hemp production after they buy the 40K acres of land.  When I’ve more questions than answers for a stock, I prefer to get out and stay on the sideline.  Thus, with profit in sight, it was an easy decision.  However, it would be nice if I waited another half-hour before selling ’cause price began to climb over 8 cents before giving back all the morning gain.  But then, I can’t really complain ’cause I did profit nicely on this trade.

Because I’ve more faith and conviction with $FITX, I used the gain on $XTRM to buy more $FITX today.

My 2 cents.

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