Existing positions: LBIO, ADXS, MVIS, RAD, SUPN, VLRS,

LBIO. My buy at 11.09 off the MA bounce is looking good. It  pulled back slightly today, disappointing after an early AM run. 

ADXS:
Another dip buy that looks good in at 13.90.  The weekly breakout looks ready to make a thrust.

CAPN: A gap and drop today.  I added increasing my cost basis to 7.18.  The retraces are difficult to stomach unless you have a plan and I consciously made that decision The weekly breakout is intact and the the gap is now filled.  Now a bounce would be appreciated.

MVIS:
Holds steady. Looking for that 3.20 to hold and to re-set the stage for higher prices.

RAD:
A small move today, but I want to see the range expansion that pushes the RSI over 70.  Over 9 could start moving quickly

VLRS: After two weeks of lower prices that retested the weekly breakout point, VLRS bounced back in a big way.  This is now set up for a week 1 b.o.

SUPN:
This is looking like a back test to the BO might occur rather than the continuation but the bigger trend is defiantly up.  So the plan is to buckle up and ride it out like on VLRS.

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

Closed TWTR, Opened LBIO, ZIOP, INUV,

My TWTR trade did not last long as I got stopped out today filled at 49.10, which was the b.o. point.  I took a 1% hit on the trade which is fine other than I haven't had the big winners that cancels out my losers this month. 

I think a lot of the difficulty that I (and others) have had this month is that the breakout trade has gotten choppy.  In the right environment, TWTR breaks out and doesn't look back. But many breakouts this month fade and retest the breaking point.   

To overcome this problem, my recent adjustment has been to buy the power stocks off a bounce at the 10Week average. 

SLINGSHOTS:
Here's a the new setup.

 I'm looking for a weekly / monthly RSI to stretch against a pull back on the daily to the magic line.   ZIOP  had oversold stochastic on the daily and pulled back to the magic line.


ZIOP:
ZIOP bounced off the 10 Week Avg. last week.  Not that the market is giving it an "all clear"  It gapped up and faded.  I bought post-fade 11.68.

LBIO:
Nice bounce off the 10 week.  Entry $11.09

INUV:

Just a good ole; breakout off a  Fishhook set up,
Entry $2.03

TWTR, RAD, MVIS Opened

I had one of those weeks where I had to put in 16 hour days at the office without access  to quotes  and was left at the mercy of my stop loss orders.  A number my stops were hit and positions exited.

But before discussing the positions closed, here's the ones I opened:

TWTR:  TWTR put in a nice weekly breakout, although it pulled back the day after in held the 49.12 B/o point.   I caught this one high so my position size is reduced.

Entry: 51.79
Stop: 49.12

MVIS
After catching a powerful move. Entry 2.92 -- Exit 3.88.  I'm back for more.  The move on Thursday has a bottoming look to it after it rallied off the lows.  I'm looking for a dip buy here 3.58 with some consolidate to 3.80-$4.00, which will set the table for a move on the weekly

On a weekly I liked the action after the power move.

RAD:
After bouncing off the 10 RAD hit a new weekly closing breakout on some volume.
Entry: 8.65

March 23, 2015 Trades

Although the weekly breakout looked good, it was not to be. Boot looked good in the a.m. rally up to 25.95, but then reversed.  I took a stop at 24.75 as the breakout point fails.  

This was a good loss.  I gave the breakout a chance and when it failed, I knew exactly where my exit would be.

Entry: 25.47 

Exit: 24.75  -2.8% (- .4% portfolio)

RMGN:
This  one got gapped against me,  but fortunately my position size was pretty small. To the point where I could wait for the bounce.  I did have a stop at 1.39, low on the move 1.40. as it bounced to day, I sold it out as I no longer have any interest in the setup. --its a complete mess on the daily, but apparent that something is going on as some volume has come in.

On a weekly,  and my reason for taking the trade was the RSI and MACD settings were hitting multi year highs.  This could setup as a rest week, and next week would be the first time a breakout trade could be attempted

Entry: 2.04

Exit: 1.56   Looks bad in % for the trade but due to the trade size only a -.45% portfolio loss.

Opened REPH:
This is one that I caught a big move last week.  IMO, REPH has now setup again and could make a similar move. There were 3 days in a row where it rejected move to break it down.  Today, it gapped down but closed up from the gap.  After it was apparent that it would not immediately breakdown, I took a position at $8.51

Mental Stop @8.10  This one is too thin to put a hard stop.  (I know from the last run where mine got taken out at a LOD)

Bigger picture, ATH  weekly RSI and MACD.

March 20 Trades:

Over the past week, I'be been trying out some a RSI filters for my momentum trades.  Since I was in the experimental phase for my setups, I wanted to take a lot of trades to provide feed back as to what was working and what was not.  For that reason, I also cut my position size to at least a 1/3 of my normal size.   The feedback I gained from this little test has convinced me in the merit of this approach. 

LBIO:
After an encouraging breakout on Thursday, Friday saw a gap up and rejection.  After seeing this would gap up, I strongly suspected that this would not move higher so I moved my stop up to Slightly below the close on Thursday.   That stop was hit. All things considered .53 Gain +3.8% on a failed breakout is not bad.

Opened: 13.80
Closed: 14.33

AXN:This one looked promising on a weekly Time frame but that move failed and I got stopped out.
his was a trade to attempt to zero in on the interplay between my time frames.  Had I taken the daily move, I likely would have closed this out for a small profit as it had run to a high of $2.29 or nearly 15% from my buy point.   I Should have sold the gap on a daily.  Did I mention I hate continuation gaps in my favor?   They almost always put in a ceiling for a stock .


Entry: 1.99
Exit: 1.76.

ARQL: I closed this one as I realized that it did not fit my time frame.  Simply having monthly  and weekly power did not coincide with a good daily setup. After realizing I was in "no man's land" I realized there was no reason for me to be in this position so I closed it.

Entry: $2.22
Exit:  $2.35  +.13  +5.9%

CRMD:
I got stopped out as CRMD finally gave way to the 10 Day EMA.

Entry: 7.97
Exit: 7.71

Summary
This one deserves some extra discussion as I made a mistake in  mixing my time frames.  I used the daily entry and executed the entry very well. 7.97 within 2 days CRMD had traded up to 8.90.  But rather than take the gains, I was counting on the weekly/monthly strength to push this one higher.   As shown in the second chart the weekly breakout was not ready.  Thus, I should have used daily signals for an exit.

Although CRMD has shown tremendous weekly power, which allowed the pull back entry to work at support this was not ready to breakout.   This was only week 2.  For a Weekly fishhook to work its 1-2-3- GO!.   Since the weekly was not ready, the exit should have been determined on a daily chart.   

Although I took a loss on this trade, it was an "experiment trade" so the loss was small.   I think the lesson that I learned here  will be well worth it.