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Another solid performance Tuesday +$3,759.19.
That brings the win streak to 7-days and a realized profit of $16,265.47 since moving to TD Ameritrade about a week ago.
U.S. stock futures are right back down Wednesday morning after China took a swing at Trump with tariffs on U.S. goods. Total buzz kill to what I felt strongly would be a big up day for the markets. Oh well, that’s just the market we’re in right now. Probably a good buying opportunity today or tomorrow off the 200 Moving Average.
Portfolio analysis
JT – Solid +8% move off support Tuesday. With a good history of running once a bounce starts I think we could see middle $6’s for profit this week.
RKDA – One of my favorite chart patterns. This is essentially my oversold chart pattern inside a larger continuation pattern. The drop from $53.55 to $21.70 will have collected sellers and when it starts to reverse I think it’ll do so quickly and big.
Watch list
NCMI – Oversold chart pattern with MACD getting under it. History of big juicy moves out of oversold, though timing would have been tricky in the August drop, little easier in November. Given shares have been oversold most of March, if this base holds above $5.11 I’ll be looking to swing it into Friday for a bounce.
LEDS – Oversold chart pattern notching its first green day in a while. In play aboveTuesday’s low of $2.72. Light volume and likely boring but it’s a big spiker when it works.
CCCR – Oversold chart pattern that bounced from $1.15 to $2.15 last time it was depressed. Candle over candle Tuesday, in play above the button $.97 for a move to the middle $1’s.
The diary of a real $ trader!
[Ed. Note: Jason Bond runs JasonBondPicks.com and is a swing trader of small-cap stocks. In 2015 he earned a 180% return on his money. Then in 2016 he turned a $100,000 account into $430,000! Discover How He Did It]