April 6, 2015, New Buys:

CYTX finally got the power move.  I had gotten stopped out but today's move says get back in so i did. 

NHTC:
In at 18.60 and then a nice run. I like the rally out of consolidation.

VLTC: I bough this one on the close.  There's too  much power behind this one not to take the shot.

Tuesday & Wednesday trades

Was working on my taxes so I did not update. So I have a combined journal update.


INUV:
I had added this on Monday on a fishhook setup breakout.  Tuesday made very little progress.   And when a "power" breakout stalls, It's usually best to get out as a good breakout should continue.   So I exited for  a .03 gain on the trade.  That turned out to be a wise decision as today's action shows that I would have had considerable pain had I continued to hold

ZIOP:
The theory behind this trade was this was a power stock that was coming back into the 10 week.  I felt that had presented a good entry.  It worked temporarily but then the selling pressure overcame this one so I'll take the loss.

Entry 1: 11.68
Entry 2: 11.04
Exit: $10.75

LBIO:
Although my ZIOP 10 bounce trade did not work, LBIO worked very well.  Not only did it reverse, the move has continued into the next day. Today it pushed over 13 for period.

Entry: $11.09

CORT:
Another  b/o fail. Bought yesterday's move 5.91 looking for the b/o over 6.

The weekly chart, however, shows the the b/o would have been in week 2, which is still too early:  It is set up very nicely for a weekly range expansion next week: 

CYTX:

This one held on for a few weeks without really going anywhere.  Today it ran my stop.

CAPN:
follows range contraction with range expansion.  This is a former runner so it has the potential to really get going once it does.  d

Daily is setup for a range expansion with  for a MACD cross over  and rising RSI. 

ADXS:

This one worked exceedingly well.  After the b.o yesterday, there was a sharp reversal and backtest to the breaking point.  I held my nose and hit the buy button as this came in. 13.91 it dropped on me immediately and made a bit nervous that I would get stopped out very quickly but ADXS than found a bottom and bounced and boy did it bounce all the way back over $15.50

GBSN:
This is one of those stocks that makes everyone say wow.

Entry: 3.67
Exit 1: 4.04
Exit 2: 3.90


Entry: 4.03   (I enter looking for the EOD run, I  knew that this would have some residual power today, but  that did not come in the A.m. and this sold off quickly.   Fortunately my position size was only 2/3 of my original position. I should have dumped this lot of a small profit like I did on INUV when the breakout was stalling.

Exit: 3.73

Entry: 4.29  ( wasn't planning on day trading this but I had something come up where I couldn't be in front of the screen so I closed it. Too bad)
Exit:  4.38

SUPN:
Finally, SUPN A great 1-2-3 ("Fishhook") breakout on the weekly.
Entry: $12.49

March 18, No changes today.

I didn't add today as I want to see how my positions weather pull backs.  So far, mostly good, nothing was stopped out and MVIS absolutely ran. 

MVIS:

Breaks to Mult-year highs today with an RSI and MACD highs as well.   The prior resistance should act as support-- enabling me to move my stops up to the 3.30-3.40 range. 

CRMD:

A bit of a pull back today but still above my buy point of 7.98.  The magic line continues to hold. 

Bigger picture looking like a 2 week rest similar to early feb. Very health as long as the range holds.

REPH:

I expected a pull back after being up 30% + in 2 days.  That said. This bounced off its lows very nicely.  Perhaps a fishhook into the week in? As long as it holds the EMA 7 this move is still very much enact.

DFS:

My short position:

DFS bounced off of its lows which looked like it was ready to completely break down.  IS this a pivot or a 1 day event.  I'm not sure. 

CYTX:

Bit of a pull back on the daily.   But stop at 1.10 still holds

Weekly range continues to tighten, when (or if) this breaks should store up some power. 

VLRS:

Held range, nothing otherwise notable.

GOGO:

Inside day following breakout, nothing notable.

AXN:

Pushed initially in the AM which was sold. Although it pulled back the breakout point(and my stop) held. One step forward .75 back has been the recent history on this move so nothing surprising. 

RMGN,

This one ran in to selling but volume was relatively light compared to the bullish days.  Hopefully there's some buying as my stop holds by just a bit. 

ARQL:

Yesterday had  a big move.  I was encouraged as this bounced pretty well off its lows and closed pretty close to the open.  Could be set up to run into the end of the week as the bear's initial attempt failed to kill off the rally was rejected.

PTCT:

This the one that surprised me the most as yesterdays breakout was completely rejected in a convincing manner.  I took a small position as I'm playing the weekly move giving me a wide stop--My stop is at 70 -- so I'm hoping this was just a one day- late selling and we'll get a bounce back but if not it's time to get out. 

ZAGG:

Goes in the nothing to see here category. Would have liked to see more follow-through. 

Opened MVIS, REPH, CYTX, CRMD, Closed AGIO

After spending the weekend focusing on refining my Big Gain Hunting scan, I've come to realize the importance of a new high on the RSI as it confirms the power behind a stock.  Knowing that a stock has more momentum behind that any time in the last 3 years makes it easier to buy when it looks like it is coming in. 

MVIS was my first target this morning.  I could see this was going to gap up. But I waited until the open it faded quick in the morning I bought at 2.92.  

Buying the fade this morning was easier that I knew MVIS was showing more RSI power than at any time in the last 3 years!  That's significant as it suggests the character of this stock is changing.  So while I could have banged this out as swing trade.  The weekly shows that there could be a lot more here. 

Entry: $2.92

REPH:
On REPH there was a nice Fishhook Breakout.  I wasn't sold on this early as there bid seemed flimsy at 6.10 and under 6.00 the pattern would fail.  But when the bid firmed up to 6.33 I hit the ask at 6.40.--and I am glad that I did as it ran and closed up a $1 from my buy point

Entry: 6.40

Why did I buy what looked like a flimsy breakout?  The weekly tells everything. RSI all time high on the breakout told me there was something more here so despite not having volume confirm and a timid breakout I went for it.  The last hour it really went.

CRMD:
CRMD has  one of the highest momentum in the entire market.  Today it pulled back and I found my Low Risk Entry.

On the Weekly, CRMD has an all time high RSI, Looking for a weekly fishhook.

On the daily:
CRMD had two bounces off the its 10 day EMA-- That will identify support and the stop for the trade while we wait for the Weekly to Breakout.

Entry: $7.98

CYTX:
Has a multi-year weekly RSI breakout.  As today's move took it over 70 on the weekly I both.

CYTX has a nice move on the daily after pulling back and reversing on Friday.

AGIO:
AGIO was a trade I had entered prior to my weekend RSI study.  I realized after studying the best performing stocks that this stock had too many flaws at this point as did my strategy for it.

Finally, I closed my AGIO position as I wasn't thrilled with the setup and trying to catch a bottom of a momo stock that's range bound can be a dangerous game.  I exit this trade with a 1% portfolio loss.

Entry: 108:15.
Exit: 105.44

The range was too wide for the size I had on and I'm not overly optimistic that this breaks to the upside when range breaks.

The Weekly RSI has sold off 

Closed CYTX

Closed CYTX on a disappointing fade.  My stop was slightly in the money so a made a few $$ but I let it come in in hopes this one would make a big run.  I preserved capital so at least there's that. 

Entry: 1.21

Exit. 1.24