RYI Short Bias

I put an order out to short CLRB on the breakdown yesterday but both of my brokers didn't have any shares to short. It fell nicely though. I'm looking to short RYI on 13.48 breakdown. It hasn't had two big red days since the run-up went full tilt. If it goes red today I think there is a good long scalp to be had. At the least.

CLRB Short Bias

This one is up to much to fast. Short bias here. Not one to chase and short on spikes. It needs to crack support first and go red on the day.

Sold NWY

I covered the rest of my NWY position I was holding for what seemed like forever. I got a nice gain on it from a short at 3.90, partial cover at 3.82 and cover at 3.25.

Great Short Setup

It doesn't get much better than this for a stock short setup. This one DRWI is up over 300% in about a week. It's gone from $2 to $10 in less than a month. I've been watching it for days now. It just printed a shooting star way above the upper bollinger band Wednesday. If this cracks the 8.59s it might freefall fast. Wow, the more I look at the chart the more I like it. The fundamentals aren't great. I don't know the driver of this run but it hasn't even been turning a profit on some of the income statements I looked at. One analyst and negative earnings forecast for next year.

Video Short NWY and SKY

Long NFLX Short WATT

I longed NFLX the other day and went short WATT. I'm currently down on both positions. Ready to cut the loss on WATT if there is a breakout.

Sold Jones Soda JSDA +37%!!

I took off my whole JSDA position today at $.73 the highest print of the day from a $.53 entry. A 37% gain. I think this is the top to. It printed a shooting star on the daily chart.

Gold Flag Breakout

Gold finally made a move off the triangle consolidation. I posted the picture on the blog incase it's not visible below in email. It's breaking out. I have stop orders out just above resistance on JNUG, IAG and AGQ. Silver has good technicals also with even more room to run until it breaks out. I looked at some old charts from the 2009 gold move and in a similar looking momentum flag as this one it kept running a couple days after the initial breakout. It did have some red days after those but kept going. I'm hoping this isn't a major fakeout breakout because this should have serious legs to run here.

Sold All Of GSS +47% Gain!!

I sold all of my GSS at .53 yesterday for a 47% gain!!! I will do a video on SYN and GSS shortly explaining my exits.

Sold SYN 17%!!

I sold all of SYN at 1.90 near the end of day Monday. A 17% gain over a couple trading days. Still holding half the original position in JSDA. Still holding GSS even after its up over 10% today. Spot gold still is bullish.

New Positions

I've been position trading over the past few months and it has been going well. You could also call it swing trading. I like position trading. I think it is working well because I am mostly using stop orders. This removes any hesitation I could have if I were watching the screens intraday. It also removes any excitement I could have that would make me get into a trade to early or one that I shouldn't be in in the first place. I don't have the hesitation I used to but the stop orders are always placed at a breakout or breakdown level. Take today Friday the 26th for instance. On Thursday night I put a stop buy order out for ATHX at 2.01 or 2.02. That was just above the 2.00 and a clean breakout. It was also a round number which often in low priced stocks is a key battle ground. The stock never broke 2.00 and failed the 2.00s. It then tanked something close to 10%. I never got in that trade thank god. Because I was so disciplined with the stop level.

I did have a stop buy order out for SYN which filled perfectly on the technical breakout off the high flag. I filled at 1.62. The stock ran huge up to 1.86 high of day. I could have taken some profit if I were watching during the day. With most stocks a spike day like that will hold up though. It settled to close at 1.71. Nice volume to. I'll just put a stop sell order for just below the close for Monday. I also shorted PLNT the other day as a hedge to my long-term long position in it. Earnings come out the 3rd and it looks like I should cover for a .60 a share loss based on the hammer it printed Friday.

Gold Bullish Move

Gold has been in a downtrend for a long time as you can see from this chart. It just broke above the trend resistance. It's flagging here to. In itself this is bullish. If it goes above the flag/triangle here it should see more highs. I longed GSS the other day at .35 as a play off this.