SOLD AMKR $5.78 +6%
BUY 1/2 position WRES $2.42
BUY 1/2 position MSPD $2.70
COVERED SHORT USD/CAD +30%
SOLD UQM $3.52 -2%
Canadian markets were down 188 points today while the US markets closed relatively flat. The Nasdaq was the only market to close positive, as it continues to look strong.
I covered my short on USD/CAD as the currency hit some support from early June. It also formed a long legged doji while penetrating the lows from June and this could be a sign of a reversal. I will be watching this closely and will short the US$ again if it closes below this critical support level at around $1.0768.
AMKR hit some resistance going back to last year so I have decided to take some profits. It has also run away from the upward trendline so I am predicting a pullback here, where I will may revisit the stock.
I bought 1/2 my position in WRES as it looks primed to breakout of this pennant pattern with lots of support right below. Will add to the position on the breakout.
I also bought 1/2 a position in MSPD as the stock brokeout of an ascending triangle pattern with heavy volume. If this stock pulls back after this breakout, I will add my other 1/2 position.
UQM was intended to be an overnight hold, however an expected move never materialized this morning so I got out.
BUY 1/2 position WRES $2.42
BUY 1/2 position MSPD $2.70
COVERED SHORT USD/CAD +30%
SOLD UQM $3.52 -2%
Canadian markets were down 188 points today while the US markets closed relatively flat. The Nasdaq was the only market to close positive, as it continues to look strong.
I covered my short on USD/CAD as the currency hit some support from early June. It also formed a long legged doji while penetrating the lows from June and this could be a sign of a reversal. I will be watching this closely and will short the US$ again if it closes below this critical support level at around $1.0768.
AMKR hit some resistance going back to last year so I have decided to take some profits. It has also run away from the upward trendline so I am predicting a pullback here, where I will may revisit the stock.
I bought 1/2 my position in WRES as it looks primed to breakout of this pennant pattern with lots of support right below. Will add to the position on the breakout.
I also bought 1/2 a position in MSPD as the stock brokeout of an ascending triangle pattern with heavy volume. If this stock pulls back after this breakout, I will add my other 1/2 position.
UQM was intended to be an overnight hold, however an expected move never materialized this morning so I got out.
Comments