March 19 trade journal

Bought LBIO 13.80 as it fishhooks.

Target 3 day run.


BOOT:
25.47
target 30 

MTSI:
Great weekly breakout.

Closed:

REPH:

Bought from 6.40

Sold  7.42  The mm's tagged me during a low volume period.  So I'm out but I can live with the 1.02 in 3 days. 

DFS

This hasn't quite broke down. But my options are going to start getting the theta decay kicking in.   I thought it would be better to take the small profit and avoid the decay. 

Entry .75

Exit .85

PTCT.
Breakout fails.  stopped out at 70.05
Shit

MVIS:
Took a huge run on this
2.92. 3.88 in three days.  I'm going to take the gains and  wait for this to set up again .

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 VLRS, GOGO, AXN, RMGN, ZAGG, ARQL, PTCT

I got a lot of alert signals today and I took a lot of them. I fully acknowledge, I do not know what any of these companies actually do, nor do I care.  They meet my setup requirements.  The market tells me that they are good and the market is correct.


VLRS:
Weekly heads over 70 on the RSI but I bought at 11.98 so I'm down a bit. That said, if this can hold I believe this has a shot for all time highs.

Entry: 11.98
Stop 11.00

GOGO
Weekly breakout after a week rest, clears resistance at 20.
Bought the 20 may  calls, 1.95.

AXN:
Nice weekly fishhook breaks above the momo line after a false start this surged ahead. This is showing that there is some power behind this move and I want to be in.
Entry: 2.00

RMGN:
Weekly B.o on the RSI.  I took this trade even though the RSI is not over 70. B/o had its moments but not as strong as others... Wait and see. This once was a $22 stock
Entry: 2.04

ZAGG:
Daily breaks range here

Weekly showing pure power.
Entry: $9.08

ARQL:
Breakout after back test of the b/o.  This one is showing signs of some power.

PTCT:
This is the one that I was hoping would give me the signal and to day it did. Weekly fishhook  range

Daily shows this move is range expansion.  It's time to run.

Entry: $76.66