CPLP had a bullish day on better than average volume. The Stochastic and MACD indicators are still pointing down but are starting to slow down. There may be a rally coming earlier than expected.
EVEP had a bearish day on less than average volume. The Stochastic and MACD indicators are still pointing up but are starting to slow down. There is still the possibility of continuing to go up, but it could also pull back a little bit.
SLV had a bearish day on slightly greater than average volume. The close, however, was actually higher than the open. The Stochastic and MACD indicators are still pointing down but the MACD is starting to turn up. This might be the beginning of the turn as it is at levels that it bounced up from back in September and October.
As for my paper trades, ISPH had a slightly bearish day on much less than average volume. It appears to be only moving sideways at this time. The Stochastic and MACD indicators are still pointing down, but the MACD is starting to slow even more and may turn upward very soon.
My other paper trades that I got into yesterday are also doing poorly. AEA, JPM, and S all took a slight hit but OPWV was unchanged. AEA and S has actually dropped a lot more than expected so I will be dropping them from my paper trade list. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Friday, January 29, 2010
Thursday, January 28, 2010
Portfolio Update
CPLP had a bearish day on higher than average volume. The price movement of the day resembles that of yesterday. It opened slightly higher only to drop hard during the day and then close much closer to but below the open. This repeated price movement is causing the Stochastic and MACD indicators to start slowing their decent.
EVEP had a bullish day on less than average volume. The price movement was relatively narrow but was enough to affect the Stochastic and MACD indicators. They are both pointing up at this time. I believe the strength is building up under this stock to blow through $32.
SLV had a really bearish day on greater than average volume. The price movement was completely contrary to what I thought it would be. I think I will posting a order to selling the $18Feb10 call against my shares to collect a little premium. But when I post the order it will be at a higher price than the bid and ask. I want it to sell after the market has turned back up for the commodity.
ISPH, my paper trade, had a bearish day on lower than average volume, but it is closed near the close of yesterday. The Stochastic indicator is still pointing down, but the MACD has already begun to level off. I seems to be taking it's time, but I think I will see a change in it by next week.
In addition, AEA, JPM, OPWV, and S all look like they are in position for a rally. I am adding them to my paper trades at this time. I have higher expectations for AEA and JPM than I do for OPWV and S, but I wouldn't mind being pleasantly surprised. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a bullish day on less than average volume. The price movement was relatively narrow but was enough to affect the Stochastic and MACD indicators. They are both pointing up at this time. I believe the strength is building up under this stock to blow through $32.
SLV had a really bearish day on greater than average volume. The price movement was completely contrary to what I thought it would be. I think I will posting a order to selling the $18Feb10 call against my shares to collect a little premium. But when I post the order it will be at a higher price than the bid and ask. I want it to sell after the market has turned back up for the commodity.
ISPH, my paper trade, had a bearish day on lower than average volume, but it is closed near the close of yesterday. The Stochastic indicator is still pointing down, but the MACD has already begun to level off. I seems to be taking it's time, but I think I will see a change in it by next week.
In addition, AEA, JPM, OPWV, and S all look like they are in position for a rally. I am adding them to my paper trades at this time. I have higher expectations for AEA and JPM than I do for OPWV and S, but I wouldn't mind being pleasantly surprised. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Wednesday, January 27, 2010
Portfolio Update
CPLP had a bearish day on slightly higher than average volume. The Stochastic and MACD indicators are unchanged in their direction. What we do have is a very long lower shadow that just barely touched the low made back in late December that started the last rally. There was then a push back up from the extreme low to close slightly lower than the open. This is an indication that a change in direction may be in the future.
EVEP had a bearish day on higher than average volume. The Stochastic indicator continued to point up but the MACD indicator turned back down. With a lower shadow almost the same length of the body of the move, I am thinking that the immediate future of the stock will see continued sideways trading with a slight push up.
SLV had a bearish day on less than average volume. The Stochastic and MACD indicators are both still pointing down, but the MACD indicator is reacting to the averaging of the past two days. I think it is leveling off right now and then it will finally start to climb. As a result of the price movement today, my limit order was executed at a much lower price than I expected. I now have a full contract worth of SLV to sell calls against. I will start looking for one.
ISPH, my paper trade, had a bullish day on much less than average volume. Both the Stochastic and MACD indicators are still pointing down, but the MACD is already reacting to the averaging out of the past four days. I think it will go up soon enough. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a bearish day on higher than average volume. The Stochastic indicator continued to point up but the MACD indicator turned back down. With a lower shadow almost the same length of the body of the move, I am thinking that the immediate future of the stock will see continued sideways trading with a slight push up.
SLV had a bearish day on less than average volume. The Stochastic and MACD indicators are both still pointing down, but the MACD indicator is reacting to the averaging of the past two days. I think it is leveling off right now and then it will finally start to climb. As a result of the price movement today, my limit order was executed at a much lower price than I expected. I now have a full contract worth of SLV to sell calls against. I will start looking for one.
ISPH, my paper trade, had a bullish day on much less than average volume. Both the Stochastic and MACD indicators are still pointing down, but the MACD is already reacting to the averaging out of the past four days. I think it will go up soon enough. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Tuesday, January 26, 2010
Portfolio Update
CPLP had a bearish day on less than average volume. However, the low of the day was better than yesterday, suggesting that there is bullish interest, but the lack of volume and the value still closing lower suggests otherwise. The Stochastic and MACD indicators are both still pointing down with no sign of reversing at the present time.
EVEP had a bullish day on slightly better volume than average. The price movement of the past couple weeks looks like a charting pattern called a cup & handle. This pattern suggests a breakout. We also have the Stochastic indicator continues to climb above it's signal line and the MACD indicator has climbed to the point of intersecting with it's signal line. After this additional day of price movement, I think it will continue to climb. That is my opinion, you can take it or leave it.
SLV had a bullish day on better than average volume, but only after take a dive at the open. In the end, despite gaining back much of it's opening loses, it closed lower than the previous day's close. I am glad I listened to the contradiction of the Stochastic and MACD indicators, which are both still pointing down. However, today the price movement is slightly above an inclining support line I have been tracking it against. Also, the bid and ask prices are higher and narrow in spread. This leads me to believe that there is a chance of a bullish move tomorrow. I am putting an order in to buy more at this level. It won't leave me with much afterwards. But I will have enough to sell a covered call against it in the future.
ISPH, my paper trade, had a bearish day on less than average volume. The Stochastic indicator is holding a consistent decline while the MACD indicator is slowing down slightly. Also, the bid and ask prices are wide apart and bracket the price movement of the day. I still believe that the direction for the immediate future is sideways. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a bullish day on slightly better volume than average. The price movement of the past couple weeks looks like a charting pattern called a cup & handle. This pattern suggests a breakout. We also have the Stochastic indicator continues to climb above it's signal line and the MACD indicator has climbed to the point of intersecting with it's signal line. After this additional day of price movement, I think it will continue to climb. That is my opinion, you can take it or leave it.
SLV had a bullish day on better than average volume, but only after take a dive at the open. In the end, despite gaining back much of it's opening loses, it closed lower than the previous day's close. I am glad I listened to the contradiction of the Stochastic and MACD indicators, which are both still pointing down. However, today the price movement is slightly above an inclining support line I have been tracking it against. Also, the bid and ask prices are higher and narrow in spread. This leads me to believe that there is a chance of a bullish move tomorrow. I am putting an order in to buy more at this level. It won't leave me with much afterwards. But I will have enough to sell a covered call against it in the future.
ISPH, my paper trade, had a bearish day on less than average volume. The Stochastic indicator is holding a consistent decline while the MACD indicator is slowing down slightly. Also, the bid and ask prices are wide apart and bracket the price movement of the day. I still believe that the direction for the immediate future is sideways. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Monday, January 25, 2010
Portfolio Update
CPLP had a bearish day on greater than average volume. The Stochastic and MACD indicators are also averaging down. There is no indication in the price movement that a turn around is occurring.
EVEP had a bearish day on less than average volume. The price actually closed higher than it opened. The Stochastic indicator has changed direction and has crossed above it's signal line. The MACD indicator, however, has continued it's descent. The gap between the bid and ask is wide, so I will need to see another day's performance to see if there is any change in direction to occur.
SLV had a bullish day on less than average volume. The price movement was narrow, but the open and close engulfed the open and close, of the previous trading day. This, along with the higher-low, and the bid and ask prices currently higher than the close, indicates that a change in direction may be occurring. Unfortunately, the Stochastic and MACD indicators are still pointing down, which contradicts the suggestion of the price movement. I have the cash to get in at this point, but I am hesitant to make a move because of the contradictions.
As for the current paper trade, ISPH had a bullish day on less than average volume. The Stochastic and MACD indicators are both still pointing down. I am thinking that the stock will move side ways for the majority of this week. With that the Stochastic and MACD indicators will level out right before the stock makes an upward move. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a bearish day on less than average volume. The price actually closed higher than it opened. The Stochastic indicator has changed direction and has crossed above it's signal line. The MACD indicator, however, has continued it's descent. The gap between the bid and ask is wide, so I will need to see another day's performance to see if there is any change in direction to occur.
SLV had a bullish day on less than average volume. The price movement was narrow, but the open and close engulfed the open and close, of the previous trading day. This, along with the higher-low, and the bid and ask prices currently higher than the close, indicates that a change in direction may be occurring. Unfortunately, the Stochastic and MACD indicators are still pointing down, which contradicts the suggestion of the price movement. I have the cash to get in at this point, but I am hesitant to make a move because of the contradictions.
As for the current paper trade, ISPH had a bullish day on less than average volume. The Stochastic and MACD indicators are both still pointing down. I am thinking that the stock will move side ways for the majority of this week. With that the Stochastic and MACD indicators will level out right before the stock makes an upward move. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Friday, January 22, 2010
Portfolio Update
CPLP had a bearish day on greater than average volume. This continued to pull down the Stochastic and MACD indicators. There is no indication of an immediate reversal, so my covered call is still safe.
EVEP had a bearish day on less than average volume. This continued to pull down the Stochastic and MACD indicators from their momentary bounce up. There is no indication of an immediate reversal.
SLV had a bearish day on greater than average volume. The price movement put in what looks like a hammer candlestick after a gap down. If wasn't that the Stochastic and MACD indicators are just now dropping out of the overbought range, I would be getting in come Monday. But because I think there is a little bit more of a pull back coming. I am going to wait.
My paper trade on ISPH seems to be in the motions of resetting itself for a rise. The price movement that was put in opened higher but closed lower. The low of the day was higher than the drastically lower-low of yesterday. I think it might be going up soon, but not after it goes sideways for a little bit. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a bearish day on less than average volume. This continued to pull down the Stochastic and MACD indicators from their momentary bounce up. There is no indication of an immediate reversal.
SLV had a bearish day on greater than average volume. The price movement put in what looks like a hammer candlestick after a gap down. If wasn't that the Stochastic and MACD indicators are just now dropping out of the overbought range, I would be getting in come Monday. But because I think there is a little bit more of a pull back coming. I am going to wait.
My paper trade on ISPH seems to be in the motions of resetting itself for a rise. The price movement that was put in opened higher but closed lower. The low of the day was higher than the drastically lower-low of yesterday. I think it might be going up soon, but not after it goes sideways for a little bit. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Thursday, January 21, 2010
Portfolio Update
CPLP had a bearish day on less than average volume. The price movement wasn't enough to drastically move the Stochastic and MACD indicators, so the Stochastic indicator is slowly declining but is still in the overbought range and the MACD is continuing it's slow decline to the zero line. The call option I sold on it still looks safe.
EVEP had a bearish day on greater than average volume. The price movement was wide, so the turn up in the Stochastic and MACD indicators has abruptly shifted back down. I think there is some more down side and flat movement before it actually goes back up.
SLV had a bearish day on greater than average volume. The price movement was large enough that the Stochastic and MACD indicators continued to dive. It looks like the concern I spoke about yesterday is coming true. However, I am thinking that it may drop as far as $16 a share.
As far as my paper trades, ISPH had a seriously bearish day on catastrophically greater than average volume. The price first gaped down and then swung both higher and lower during the entire day. At the end of the day it closed slightly better than it had started. Unfortunately, ISPH is now so much lower than I had expected, so my exit strategy need revising. I am buying back the $7.50Feb10 Call option at $0.05 and will be holding the stock. Depending on the movement tomorrow, I may sell the the $5Feb10 Call against it or sell the stock. This is a wait and see situation for at least 24hrs. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a bearish day on greater than average volume. The price movement was wide, so the turn up in the Stochastic and MACD indicators has abruptly shifted back down. I think there is some more down side and flat movement before it actually goes back up.
SLV had a bearish day on greater than average volume. The price movement was large enough that the Stochastic and MACD indicators continued to dive. It looks like the concern I spoke about yesterday is coming true. However, I am thinking that it may drop as far as $16 a share.
As far as my paper trades, ISPH had a seriously bearish day on catastrophically greater than average volume. The price first gaped down and then swung both higher and lower during the entire day. At the end of the day it closed slightly better than it had started. Unfortunately, ISPH is now so much lower than I had expected, so my exit strategy need revising. I am buying back the $7.50Feb10 Call option at $0.05 and will be holding the stock. Depending on the movement tomorrow, I may sell the the $5Feb10 Call against it or sell the stock. This is a wait and see situation for at least 24hrs. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Wednesday, January 20, 2010
Portfolio Update
CPLP was unchanged from yesterday on less than average volume.
EVEP had a bullish day on slightly greater than average volume. The Stochastic and MACD indicators intersecting and crossing over their signal lines. The price is currently near the most recently created high. This leads me to believe that EVEP will be going up a lot more in the near future.
SLV had a very bearish day on greater than average volume. It pulled back all the way to the $17.50 support level. Such a pull back in one day, while the Stochastic indicator is still in the overbought range and the MACD indicator is only starting to point down, stirs a bit of concern in me that SLV might pull back as far as $16.50. If it does, and bounces up, I believe I might buy in some more.
As for my paper trades, ISPH has come down in price and so has the value of the option. The stock is still a far cry from my $6 sell out price. Without going into the details right, if I were to sell out right now, I would be down $8, not including the cost of commissions. The plan for this Covered Call play is to try to hold on to the stock until the call option expires and hope that the stock stays between $6 and $7.50 until then. After the call option expires, I will then re-evaluate the stock to see if I will sell another option against it, just hold the stock, or sell out of the stock. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a bullish day on slightly greater than average volume. The Stochastic and MACD indicators intersecting and crossing over their signal lines. The price is currently near the most recently created high. This leads me to believe that EVEP will be going up a lot more in the near future.
SLV had a very bearish day on greater than average volume. It pulled back all the way to the $17.50 support level. Such a pull back in one day, while the Stochastic indicator is still in the overbought range and the MACD indicator is only starting to point down, stirs a bit of concern in me that SLV might pull back as far as $16.50. If it does, and bounces up, I believe I might buy in some more.
As for my paper trades, ISPH has come down in price and so has the value of the option. The stock is still a far cry from my $6 sell out price. Without going into the details right, if I were to sell out right now, I would be down $8, not including the cost of commissions. The plan for this Covered Call play is to try to hold on to the stock until the call option expires and hope that the stock stays between $6 and $7.50 until then. After the call option expires, I will then re-evaluate the stock to see if I will sell another option against it, just hold the stock, or sell out of the stock. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Tuesday, January 19, 2010
Portfolio Update
CPLP had a bullish day on barely more than average volume. The price movement caused the Stochastic indicator to turn back up toward it's signal line and the MACD indicator to level off. It may actually turn up but I don't think this will last.
EVEP had a bullish day on lower than average volume. The price movement was dramatic but the Stochastic indicator barely changed direction from it's downward trend. The MACD indicator, however, made a hard move up from it's downward trend. This indicator behavior, plus that the stock had a bullish candlestick move not to long ago, leads me to believe that the stock is looking to rally back to $32.50 and beyond.
SLV had a bullish day on less than average volume. The close of the day broke above the downward trending resistance line that was created at the last high it put in last week. The Stochastic and MACD indicators are trending sideways right now, and may be suggesting that SLV cold be topped out for now. What I believe will happen is that SLV will oscillate between the support level at about $17.50 and the downward trending resistance line, generating new resistance lines a few times, until the Stochastic and MACD indicators approach neutral levels again.
For a paper trades, I see a Covered Call play I want to document. The stock is ISPH, this is a pharmaceutical company. Since I am not particularly keen on pharmaceutical companies, this is the reason why I am paper trading instead of actually getting into it. Today the stock closed at $6.80 and the very next OTM Call option is the 7.50Feb10 Call. For this paper trade I am buying 200 shares at $6.80 a share and selling two of the 7.50Feb10 calls against it at $0.70 a contract share for a total cost to me of $1200, not including commission costs. [(200x6.80)-(200x0.70)=1200].
This stock has a high of $7.03. If it closes above that, I will buy back the option and sell out of the stock. However, if it drops below $6.00 I will also buy back the options and sell out of the stock. If it stays between those ranges until market close February 19th, I won't have to buy back the option and I can decide what to do with the stock then. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a bullish day on lower than average volume. The price movement was dramatic but the Stochastic indicator barely changed direction from it's downward trend. The MACD indicator, however, made a hard move up from it's downward trend. This indicator behavior, plus that the stock had a bullish candlestick move not to long ago, leads me to believe that the stock is looking to rally back to $32.50 and beyond.
SLV had a bullish day on less than average volume. The close of the day broke above the downward trending resistance line that was created at the last high it put in last week. The Stochastic and MACD indicators are trending sideways right now, and may be suggesting that SLV cold be topped out for now. What I believe will happen is that SLV will oscillate between the support level at about $17.50 and the downward trending resistance line, generating new resistance lines a few times, until the Stochastic and MACD indicators approach neutral levels again.
For a paper trades, I see a Covered Call play I want to document. The stock is ISPH, this is a pharmaceutical company. Since I am not particularly keen on pharmaceutical companies, this is the reason why I am paper trading instead of actually getting into it. Today the stock closed at $6.80 and the very next OTM Call option is the 7.50Feb10 Call. For this paper trade I am buying 200 shares at $6.80 a share and selling two of the 7.50Feb10 calls against it at $0.70 a contract share for a total cost to me of $1200, not including commission costs. [(200x6.80)-(200x0.70)=1200].
This stock has a high of $7.03. If it closes above that, I will buy back the option and sell out of the stock. However, if it drops below $6.00 I will also buy back the options and sell out of the stock. If it stays between those ranges until market close February 19th, I won't have to buy back the option and I can decide what to do with the stock then. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Friday, January 15, 2010
Portfolio Update
The market made a large move today after several days of shallow movement. Unfortunately for bullish investors it was bearish move. This is how my portfolio fared.
CPLP had a bearish day on less than average volume. The Stochastic and MACD indicators are also pointing down and are under their signal lines. Considering the time that the Stochastic has been in the overbought range, I am suspecting that it's value will continue to drop to about $9. Also, being option expiration, I am not going to be called on my covered call option. That is one premium for me.
EVEP had a bearish day on less than average volume. The Stochastic and MACD indicators are pointing down, but are starting to level off because the price movement of the day was very shallow. In fact, the low of the day is actually higher than the lows of the past two, and even three, days. I am suspecting that the stock is beginning to set a base like it did back in late October. That is my opinion, you can take it or leave it.
SLV had a bearish day on less than average volume. As a reaction to that the Stochastic and MACD indicators intersected their signal lines. Also the price movement was an obvious move away from the downward trending resistance line I am tracking against it. I suspect that it will be moving between this resistance line and the support level of about $17.50 for about a week or two. Then it should continue to go up.
My paper trade did not do well today at all. It dropped hard, wiping out the majority of the profit it made me, so I am claiming what is left, $5 at $2.74 a share. I really should move on the signals more. I will do that in the future. I still believe there is a bounce coming , but it seems to me that it will occur somewhere around $2.50 or as early as $2.60. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP had a bearish day on less than average volume. The Stochastic and MACD indicators are also pointing down and are under their signal lines. Considering the time that the Stochastic has been in the overbought range, I am suspecting that it's value will continue to drop to about $9. Also, being option expiration, I am not going to be called on my covered call option. That is one premium for me.
EVEP had a bearish day on less than average volume. The Stochastic and MACD indicators are pointing down, but are starting to level off because the price movement of the day was very shallow. In fact, the low of the day is actually higher than the lows of the past two, and even three, days. I am suspecting that the stock is beginning to set a base like it did back in late October. That is my opinion, you can take it or leave it.
SLV had a bearish day on less than average volume. As a reaction to that the Stochastic and MACD indicators intersected their signal lines. Also the price movement was an obvious move away from the downward trending resistance line I am tracking against it. I suspect that it will be moving between this resistance line and the support level of about $17.50 for about a week or two. Then it should continue to go up.
My paper trade did not do well today at all. It dropped hard, wiping out the majority of the profit it made me, so I am claiming what is left, $5 at $2.74 a share. I really should move on the signals more. I will do that in the future. I still believe there is a bounce coming , but it seems to me that it will occur somewhere around $2.50 or as early as $2.60. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Thursday, January 14, 2010
Portfolio Update
The market was bullish today, but again, the price movement was shallow. This is how my portfolio fared.
CPLP closed higher today, but the price movement was actually bearish as it closed lower than it had opened. The volume was less than average and the Stochastic and MACD indicators barley reacted at all to the movement. I don't see any reason to think that it will continue up any time soon, so I believe that my covered call is still safe from being called on at expiration.
EVEP had a bullish day and closed higher on less than average volume. However, the Stochastic and MACD indicators are not yet showing a significant reaction. There price movement of the past three days does illustrate two bullish indicators. The first being that the lows of the past three days went from a higher-low to a lower-low and then back up to a higher-low. The second being that the price movement of today was bullish but was still within the range of yesterday's bearish movement. Since it is occurring after a pull back, there is a possibility that it could go higher but it has faked this movement before back in late October. Caution is to be advised.
SLV had a bullish day on less than average volume. The lack of volume probably contributed to the lack of strength to break through a downward trending resistance line I am now tracking against it since it put in a high on Monday. Although the Stochastic and MACD indicators are still reflecting strength in the stock, they do seem to be leveling off.
As far as the one remaining paper trade, JADE, it had a bearish day on less than average volume. The price movement of the day engulfed the bull move of yesterday, but the low was much lower than the close. Although there is only one day between the reversal and this candlestick, the movement suggests that there may be bullish interest in the stock. However, the lack of volume is contradictory to it the suggestion. The Stochastic and MACD indicators are slowing so I am more inclined to believe that the pull back further as I posted yesterday. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP closed higher today, but the price movement was actually bearish as it closed lower than it had opened. The volume was less than average and the Stochastic and MACD indicators barley reacted at all to the movement. I don't see any reason to think that it will continue up any time soon, so I believe that my covered call is still safe from being called on at expiration.
EVEP had a bullish day and closed higher on less than average volume. However, the Stochastic and MACD indicators are not yet showing a significant reaction. There price movement of the past three days does illustrate two bullish indicators. The first being that the lows of the past three days went from a higher-low to a lower-low and then back up to a higher-low. The second being that the price movement of today was bullish but was still within the range of yesterday's bearish movement. Since it is occurring after a pull back, there is a possibility that it could go higher but it has faked this movement before back in late October. Caution is to be advised.
SLV had a bullish day on less than average volume. The lack of volume probably contributed to the lack of strength to break through a downward trending resistance line I am now tracking against it since it put in a high on Monday. Although the Stochastic and MACD indicators are still reflecting strength in the stock, they do seem to be leveling off.
As far as the one remaining paper trade, JADE, it had a bearish day on less than average volume. The price movement of the day engulfed the bull move of yesterday, but the low was much lower than the close. Although there is only one day between the reversal and this candlestick, the movement suggests that there may be bullish interest in the stock. However, the lack of volume is contradictory to it the suggestion. The Stochastic and MACD indicators are slowing so I am more inclined to believe that the pull back further as I posted yesterday. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Wednesday, January 13, 2010
Portfolio Update
As I start to write this the midnight our approaches on another day of shallow changes in the market. This is how my portfolio fared.
CPLP closed unchanged on lower than average volume. Because the close is under $10, this continues to keep me from having to use this stock to cover the call I sold on it at the $10 strike price. I am confident that a pull back is in effect as the Stochastic and MACD indicators have intersected their signal lines. I just have to wait for it to stay under for the next two day's. Secondarily, the high of a couple days ago was about 50 cents short of the peak over two months ago. I am of the belief that it will continue to pull back to about $8.50. From there I will have to re-evaluate.
EVEP closed down today on greater than average volume. This was warned about yesterday. However, now we have what looks like it could be a Hammer candlestick in today's price movement. The only issue with it is that the body of the candlestick is a lot longer than would be expected from a hammer candlestick. This may be a bounce. But I am not expecting anything too strong so early after a reversal. The Stochastic and MACD indicators both strongly point down, so I will be cautious about it.
SLV had a bullish day on higher than average volume and both the Stochastic and MACD indicators are pointing up. This is a bounce from yesterdays bearish move. It also is looking similar to price movement made back in the early half of September 09. From that point there was a little bit of a increase afterwards but was then followed by a hard pull back and some oscillation before striving for a much higher high. I think this could be a repeat performance, but there are usually some variations.
As far as paper trading, JADE is my only one still in. Today it put in a bullish day but on lower than average volume. Although the Stochastic and MACD indicators are pointing up, the body of the current candlestick movement is within the range of the last candlestick movement. This suggests the chance of a reversal. This may only be a small pull back to about the 20-day moving average of about $2.60. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP closed unchanged on lower than average volume. Because the close is under $10, this continues to keep me from having to use this stock to cover the call I sold on it at the $10 strike price. I am confident that a pull back is in effect as the Stochastic and MACD indicators have intersected their signal lines. I just have to wait for it to stay under for the next two day's. Secondarily, the high of a couple days ago was about 50 cents short of the peak over two months ago. I am of the belief that it will continue to pull back to about $8.50. From there I will have to re-evaluate.
EVEP closed down today on greater than average volume. This was warned about yesterday. However, now we have what looks like it could be a Hammer candlestick in today's price movement. The only issue with it is that the body of the candlestick is a lot longer than would be expected from a hammer candlestick. This may be a bounce. But I am not expecting anything too strong so early after a reversal. The Stochastic and MACD indicators both strongly point down, so I will be cautious about it.
SLV had a bullish day on higher than average volume and both the Stochastic and MACD indicators are pointing up. This is a bounce from yesterdays bearish move. It also is looking similar to price movement made back in the early half of September 09. From that point there was a little bit of a increase afterwards but was then followed by a hard pull back and some oscillation before striving for a much higher high. I think this could be a repeat performance, but there are usually some variations.
As far as paper trading, JADE is my only one still in. Today it put in a bullish day but on lower than average volume. Although the Stochastic and MACD indicators are pointing up, the body of the current candlestick movement is within the range of the last candlestick movement. This suggests the chance of a reversal. This may only be a small pull back to about the 20-day moving average of about $2.60. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Tuesday, January 12, 2010
Portfolio Update
The market moved lower today just about everywhere. This is how my portfolio fared.
CPLP had a bearish day on greater than average volume. The price movement created a candlestick that is known as a spinning top. This indicates indecision in the market. But considering that the Stochastic indicator is in the overbought range and both the Stochastic and MACD indicators are now touching their signal lines, it would be wise for a swing trader to set a stop on this stock. Also this brings me out of danger of being called on my sold Covered Call at the $10 strike price.
EVEP had a very bearish day on greater than average volume. The price movement also finally directly reflects the movement of the Stochastic and MACD indicators. The stock took a hard hit as it dropped just over 5% on this trading day. If one is not holding onto this stock for the dividend payout, it would be wise to set a stop, because it is very likely that there will be another down day in the future like late October of 2009. However, I would watch out for a re-entry signal at about $27.50.
SLV also had bearish day on greater than average volume. The Stochastic indicator is still pointing up and has reached into the over bought range just a little bit, But the MACD indicator is pulling back towards the signal line though not quite there. The price movement suggests that there may be continued pulling back, but I am thinking that there is also a high likelihood of a bounce at about $17.50.
My paper trades didn't fare all that well either. JADE dropped hard after opening much higher earlier in the day. The close, however, resulted in a penny loss to yesterday. Since the Stochastic and MACD indicators are both still pointing up I will let it ride. OPWV, however, dived today. This wasn't unexpected if you read my post from yesterday. As a result of the dive I am out and the close of $2.34. This adds a lose of $5 to my score card. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP had a bearish day on greater than average volume. The price movement created a candlestick that is known as a spinning top. This indicates indecision in the market. But considering that the Stochastic indicator is in the overbought range and both the Stochastic and MACD indicators are now touching their signal lines, it would be wise for a swing trader to set a stop on this stock. Also this brings me out of danger of being called on my sold Covered Call at the $10 strike price.
EVEP had a very bearish day on greater than average volume. The price movement also finally directly reflects the movement of the Stochastic and MACD indicators. The stock took a hard hit as it dropped just over 5% on this trading day. If one is not holding onto this stock for the dividend payout, it would be wise to set a stop, because it is very likely that there will be another down day in the future like late October of 2009. However, I would watch out for a re-entry signal at about $27.50.
SLV also had bearish day on greater than average volume. The Stochastic indicator is still pointing up and has reached into the over bought range just a little bit, But the MACD indicator is pulling back towards the signal line though not quite there. The price movement suggests that there may be continued pulling back, but I am thinking that there is also a high likelihood of a bounce at about $17.50.
My paper trades didn't fare all that well either. JADE dropped hard after opening much higher earlier in the day. The close, however, resulted in a penny loss to yesterday. Since the Stochastic and MACD indicators are both still pointing up I will let it ride. OPWV, however, dived today. This wasn't unexpected if you read my post from yesterday. As a result of the dive I am out and the close of $2.34. This adds a lose of $5 to my score card. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Monday, January 11, 2010
Portfolio Update
another shallow and mixed day in the market. This is how my portfolio fared.
CPLP had a bullish day, just closing over $10 on greater than average volume. The Stochastic and MACD indicators are also still on the incline. I have a Covered Call out on CPLP, so if it continues to climb instead of pulling back, I will be called out on it.
EVEP had a bearish day on greater than average volume. The Stochastic and MACD indicators both continue to average down as the stock seems to fight reversing. Only a matter of time till it does in my opinion.
SLV had a bullish day on greater than average volume even though it closed lower than it's open. The Stochastic and MACD indicators are both still averaging up with little indication of slowing down. I think $19 is not far off from happening.
The paper trades did okay today as well, even the ones I was stopped out of last week. Oh well you win some you lose some. Right now JADE succeeded in breaking through and staying above the downward trending resistance line I am tracking against it. The Stochastic and MACD indicators are still steadily inclining so I suspect further grown, at least to $3.50, it's next resistance line.
OPWV had a bullish day on less than average volume but put in what is known as a hanging man candlestick. This price movement usually means a reversal is coming. This seems likely as the Stochastic indicator is in the overbought range and seems to be leveling off. The MACD indicator is only inclining. Tomorrow will be a defining day for it. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP had a bullish day, just closing over $10 on greater than average volume. The Stochastic and MACD indicators are also still on the incline. I have a Covered Call out on CPLP, so if it continues to climb instead of pulling back, I will be called out on it.
EVEP had a bearish day on greater than average volume. The Stochastic and MACD indicators both continue to average down as the stock seems to fight reversing. Only a matter of time till it does in my opinion.
SLV had a bullish day on greater than average volume even though it closed lower than it's open. The Stochastic and MACD indicators are both still averaging up with little indication of slowing down. I think $19 is not far off from happening.
The paper trades did okay today as well, even the ones I was stopped out of last week. Oh well you win some you lose some. Right now JADE succeeded in breaking through and staying above the downward trending resistance line I am tracking against it. The Stochastic and MACD indicators are still steadily inclining so I suspect further grown, at least to $3.50, it's next resistance line.
OPWV had a bullish day on less than average volume but put in what is known as a hanging man candlestick. This price movement usually means a reversal is coming. This seems likely as the Stochastic indicator is in the overbought range and seems to be leveling off. The MACD indicator is only inclining. Tomorrow will be a defining day for it. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Friday, January 8, 2010
Portfolio Update
Yet another shallow day in the market, but this time with a lot more closes in the green. This is how my portfolio fared.
CPLP had a bullish day on better than average volume. Yet it did not close above the high of two days ago. The price movement did reinforce the momentum of the Stochastic and MACD indicators. It may have a little higher to go before officially pulling back. It would be wise for swing traders to set stops.
EVEP had a bullish day on less than average volume. It also did not close above the high of two days ago. The price movement wasn't enough to significantly alter the Stochastic and MACD indicators but there was a slight convergence of the indicators with their signal lines. I think it may go sideways more than down.
SLV had a really bullish day today on slightly greater than average volume, but the amount is still on a declining trend. Because of the type of price movement today, the Stochastic and MACD indicators are still pointing up strongly. The kind of price movement was almost a hangman candlestick but at the same time almost looks like a dragonfly doji. Both of which suggest potential reversals. I foresee two outcomes. Either it is an official reversal, or it is just going to pull back some. Possibly to the $17.50 price range.
As for my paper trades, this is how they fared. JADE and OPWV both had bullish days, but JADE only recovered a small portion of it's losses from yesterday. OPWV, however, broke and closed above the most recent highs. JADE now has a shallower downward trending resistance line to break above. If it closes lower on the next trading day I will bow out.
S and my JPM Call both had bearish days. As a result of what I said yesterday, I am taking my profit on my $43Mar10 position for the JPM Call and keeping the majority of my principal for my position on S. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP had a bullish day on better than average volume. Yet it did not close above the high of two days ago. The price movement did reinforce the momentum of the Stochastic and MACD indicators. It may have a little higher to go before officially pulling back. It would be wise for swing traders to set stops.
EVEP had a bullish day on less than average volume. It also did not close above the high of two days ago. The price movement wasn't enough to significantly alter the Stochastic and MACD indicators but there was a slight convergence of the indicators with their signal lines. I think it may go sideways more than down.
SLV had a really bullish day today on slightly greater than average volume, but the amount is still on a declining trend. Because of the type of price movement today, the Stochastic and MACD indicators are still pointing up strongly. The kind of price movement was almost a hangman candlestick but at the same time almost looks like a dragonfly doji. Both of which suggest potential reversals. I foresee two outcomes. Either it is an official reversal, or it is just going to pull back some. Possibly to the $17.50 price range.
As for my paper trades, this is how they fared. JADE and OPWV both had bullish days, but JADE only recovered a small portion of it's losses from yesterday. OPWV, however, broke and closed above the most recent highs. JADE now has a shallower downward trending resistance line to break above. If it closes lower on the next trading day I will bow out.
S and my JPM Call both had bearish days. As a result of what I said yesterday, I am taking my profit on my $43Mar10 position for the JPM Call and keeping the majority of my principal for my position on S. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Thursday, January 7, 2010
Portfolio Update
Well, the market was shallow and mixed again for a second day in a row. This is how my portfolio fared.
CPLP had a bullish day on greater than average volume. However, the volume has been declining over the past few days, and today's price movement was a doji star next to a long bodied candlestick. This caused the Stochastic and MACD indicators to start leveling off. I think the stock is going to start heading down.
EVEP had a bearish day on weaker than average volume. The resulting affect on the Stochastic and MACD indicators are officially pointing down. I think this stock is also going to start heading down.
SLV had a bullish day on greater than average volume. But the price movement is a shooting star candlestick. As a result the Stochastic and MACD indicators are already weakening. There will probably be a pull back tomorrow.
As for my paper trades. All were bearish except for my Call Option for JPM. The $43Mar10 Call went up over 21% today. But the Stochastic indicator is looking like it is weakening in the overbought range. I will take my profits if tomorrow it closes down instead of up. The same goes for JADE, OPWV, and S if they go down further. I will cut my losses. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP had a bullish day on greater than average volume. However, the volume has been declining over the past few days, and today's price movement was a doji star next to a long bodied candlestick. This caused the Stochastic and MACD indicators to start leveling off. I think the stock is going to start heading down.
EVEP had a bearish day on weaker than average volume. The resulting affect on the Stochastic and MACD indicators are officially pointing down. I think this stock is also going to start heading down.
SLV had a bullish day on greater than average volume. But the price movement is a shooting star candlestick. As a result the Stochastic and MACD indicators are already weakening. There will probably be a pull back tomorrow.
As for my paper trades. All were bearish except for my Call Option for JPM. The $43Mar10 Call went up over 21% today. But the Stochastic indicator is looking like it is weakening in the overbought range. I will take my profits if tomorrow it closes down instead of up. The same goes for JADE, OPWV, and S if they go down further. I will cut my losses. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Wednesday, January 6, 2010
Portfolio Update
This post is really late so I am going to make it quick. The market was shallow and mixed, and this is how my portfolio fared.
CPLP had a bearish day on greater than average volume, but the close was higher than yesterday's close, so not all of yesterday's gains were given back. The Stochastic and MACD indicators are weakening but haven't totally reversed yet.
EVEP had a bearish day on less than average volume. The Stochastic and MACD indicators are contradictory, and the candlestick pattern has a long upper shadow with a bearish body. This could be a reversal for it.
SLV had a bullish day on better than average volume further extending it's gains from yesterday. The Stochastic and MACD indicators continued to move higher and the MACD broke over the zero line. The next big resistance point is $19. Plenty of gains to have.
What I don't understand is why my Covered Call option on CPLP sold at less than expected. Isn't a stop suppose to require it to sell at a price higher than the stop? Oh well. I just have to hope that the expiration next week occurs under $10 so that I can keep the premium.
As for my paper trades, there was mixed movement across all of them. Despite mixed movement, they are all still in the green including the one on OPWV that was down yesterday. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP had a bearish day on greater than average volume, but the close was higher than yesterday's close, so not all of yesterday's gains were given back. The Stochastic and MACD indicators are weakening but haven't totally reversed yet.
EVEP had a bearish day on less than average volume. The Stochastic and MACD indicators are contradictory, and the candlestick pattern has a long upper shadow with a bearish body. This could be a reversal for it.
SLV had a bullish day on better than average volume further extending it's gains from yesterday. The Stochastic and MACD indicators continued to move higher and the MACD broke over the zero line. The next big resistance point is $19. Plenty of gains to have.
What I don't understand is why my Covered Call option on CPLP sold at less than expected. Isn't a stop suppose to require it to sell at a price higher than the stop? Oh well. I just have to hope that the expiration next week occurs under $10 so that I can keep the premium.
As for my paper trades, there was mixed movement across all of them. Despite mixed movement, they are all still in the green including the one on OPWV that was down yesterday. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Tuesday, January 5, 2010
Portfolio Update
The market closed on mixed results. The Dow and Russel was down, but the NASDAQ and S&P were up. This is how my portfolio fared.
CPLP had bull day on way better than average volume. The Stochastic and MACD indicators are both pointing up strongly. As a result of the strong move, the options for it also moved. Unfortunately, there wasn't enough of a move to trigger my Covered Call order against it. But since the move was as strong as it was, I am upping my asking price. When it matches the bid it should trigger.
EVEP had a bull day on slightly better than average volume. The move was strong enough that it moved broke and stayed above the high that was put in last week, the MACD indicator crossed up over it's signal line and the Stochastic indicator has come in contact with it's signal line. Unfortunately the Stochastic indicator has been in the oversold range for a couple weeks so it is due to pull back eventually.
SLV had a bull day on slightly stronger than average volume. The move was a strong, solid move through the $17.50 price point of which it just barely closed above. The Stochastic and MACD indicators are pointing up and there is a strong likelihood of some significant gains over the coming weeks.
As far as paper trades go. I did pretty good there as well. My stock positions on JADE and S both had moves of almost 6% each on greater than average volume. The Stochastic and MACD indicators for both also pointing up strongly. So promising were these moves that I want to get in them for real. But, alas, these stocks do not pay dividends and I don't want to get involved in too many non-dividend paying stocks.
Surpassing both of these two stocks was my option paper trade on JPM. On a 1.94% move in the stock the $43Mar10 Call option moved up almost 19.5% That is a move 10 greater than the stock. That is the power of options. Oh how I wish I was getting back into options right now, but I made a promise to really practice with paper trading before getting back in. I want to give this at least a full three months before I start to get in the options market again. I want to be safe, not sorry. Contradictory to this move, though, is that the Stochastic indicator seems to be turning ever so slightly as it breaches into the overbought range. At the same time the MACD indicator moved up stronger. There may not be much of a move this time around.
The only negative was OPWV. On less than average volume it slipped back a little over 2%. The Stochastic indicator still broke up into the overbought range but the MACD indicator leveled off and the gap between it and it's signal line, closed a little. What I am suspecting is a pull back to about $2.25, maybe lower. From there, if the bounce is strong, I suspect that there will be a strong rally. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP had bull day on way better than average volume. The Stochastic and MACD indicators are both pointing up strongly. As a result of the strong move, the options for it also moved. Unfortunately, there wasn't enough of a move to trigger my Covered Call order against it. But since the move was as strong as it was, I am upping my asking price. When it matches the bid it should trigger.
EVEP had a bull day on slightly better than average volume. The move was strong enough that it moved broke and stayed above the high that was put in last week, the MACD indicator crossed up over it's signal line and the Stochastic indicator has come in contact with it's signal line. Unfortunately the Stochastic indicator has been in the oversold range for a couple weeks so it is due to pull back eventually.
SLV had a bull day on slightly stronger than average volume. The move was a strong, solid move through the $17.50 price point of which it just barely closed above. The Stochastic and MACD indicators are pointing up and there is a strong likelihood of some significant gains over the coming weeks.
As far as paper trades go. I did pretty good there as well. My stock positions on JADE and S both had moves of almost 6% each on greater than average volume. The Stochastic and MACD indicators for both also pointing up strongly. So promising were these moves that I want to get in them for real. But, alas, these stocks do not pay dividends and I don't want to get involved in too many non-dividend paying stocks.
Surpassing both of these two stocks was my option paper trade on JPM. On a 1.94% move in the stock the $43Mar10 Call option moved up almost 19.5% That is a move 10 greater than the stock. That is the power of options. Oh how I wish I was getting back into options right now, but I made a promise to really practice with paper trading before getting back in. I want to give this at least a full three months before I start to get in the options market again. I want to be safe, not sorry. Contradictory to this move, though, is that the Stochastic indicator seems to be turning ever so slightly as it breaches into the overbought range. At the same time the MACD indicator moved up stronger. There may not be much of a move this time around.
The only negative was OPWV. On less than average volume it slipped back a little over 2%. The Stochastic indicator still broke up into the overbought range but the MACD indicator leveled off and the gap between it and it's signal line, closed a little. What I am suspecting is a pull back to about $2.25, maybe lower. From there, if the bounce is strong, I suspect that there will be a strong rally. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Monday, January 4, 2010
Portfolio Update
Well the winter break is over. This was made evident by the 155 point move in the Dow. So this is how my portfolio fared.
All three stocks I have a position in had bull days. CPLP moved on much greater volume than average and the Stochastic and MACD indicators are pointing up. In addition, the price broke and stayed above the most recent high made before Christmas.
EVEP moved slightly better than average volume and the Stochastic and MACD indicators seem to be changing directions ever so slightly. In addition, the price movement was over 3%. That is significantly greater than the move of the Dow.
Lastly SLV moved on less than average volume and the Stochastic and MACD indicators are pointing up. In addition to that, it first gaped up and then continued to climb. At the conclusion of the day it was up over 4%. But it still didn't break above $17.50. However, I believe it is still only a matter of time.
As for active trades, I had a Covered Call order on CPLP that didn't trigger so I am resubmitting for tomorrow.
As far as paper trades are concerned, I am starting four. First is an option only paper trade. JPM broke and stayed above it's most recent high of a downward trend. The Stochastic indicator is breaking into the overbought range and the MACD indicator just crossed over the zero line. I am taking a paper position of the $43Mar10 Call option at $2.36.
My next paper trades are stock trades. First is JADE. The Stochastic indicator broke up out of the oversold range and the MACD indicator is pointing up but is still under the zero line. The price move of JADE was on better than average volume. I am in this position for 100 shares at $2.69.
Second is OPWV. The Stochastic indicator broke up into the overbought range and the MACD is pointing up and is above the zero line. The volume wasn't stronger than average but the price did break and stay above the downward trending line I am tracking against it. I am optimistic that it is turning. I am in for 100 shares at $2.39
Third is S. I was in this paper trade before and I am getting back in it again. The Stochastic indicator has recently turned up but hasn't broken out of the oversold range. However, the turn up is steep, so I am inclined to believe it is only a matter of time for it to continue up. The MACD indicator has also turned up but is just below the zero line. I also believe it will increase. Finally the price move was strong on better than average volume. All this leads me to believe more growth is likely to increase. I am in for 100 shares at $3.90. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
All three stocks I have a position in had bull days. CPLP moved on much greater volume than average and the Stochastic and MACD indicators are pointing up. In addition, the price broke and stayed above the most recent high made before Christmas.
EVEP moved slightly better than average volume and the Stochastic and MACD indicators seem to be changing directions ever so slightly. In addition, the price movement was over 3%. That is significantly greater than the move of the Dow.
Lastly SLV moved on less than average volume and the Stochastic and MACD indicators are pointing up. In addition to that, it first gaped up and then continued to climb. At the conclusion of the day it was up over 4%. But it still didn't break above $17.50. However, I believe it is still only a matter of time.
As for active trades, I had a Covered Call order on CPLP that didn't trigger so I am resubmitting for tomorrow.
As far as paper trades are concerned, I am starting four. First is an option only paper trade. JPM broke and stayed above it's most recent high of a downward trend. The Stochastic indicator is breaking into the overbought range and the MACD indicator just crossed over the zero line. I am taking a paper position of the $43Mar10 Call option at $2.36.
My next paper trades are stock trades. First is JADE. The Stochastic indicator broke up out of the oversold range and the MACD indicator is pointing up but is still under the zero line. The price move of JADE was on better than average volume. I am in this position for 100 shares at $2.69.
Second is OPWV. The Stochastic indicator broke up into the overbought range and the MACD is pointing up and is above the zero line. The volume wasn't stronger than average but the price did break and stay above the downward trending line I am tracking against it. I am optimistic that it is turning. I am in for 100 shares at $2.39
Third is S. I was in this paper trade before and I am getting back in it again. The Stochastic indicator has recently turned up but hasn't broken out of the oversold range. However, the turn up is steep, so I am inclined to believe it is only a matter of time for it to continue up. The MACD indicator has also turned up but is just below the zero line. I also believe it will increase. Finally the price move was strong on better than average volume. All this leads me to believe more growth is likely to increase. I am in for 100 shares at $3.90. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Friday, January 1, 2010
No Portfolio Update Today.
Today is January 1st of 2010. That being the case, the U.S. market was closed. Today, however, is also two weeks from options expiration for January options. So I will be attempting to sell options against my stock.
The only stock that I have with a position of 100 shares is CPLP, so I will be selling an option against that stock. I know that I have been saying that I would not be selling CPLP because it is a high dividend paying stock but I am not selling it directly. What I am doing is selling an "insurance policy" to someone else that if they buy it and the stock I have exceeds the strike price of the "policy" they can have it at the strike price, no matter how high the stock price goes.
I have been expecting CPLP to reach $10.50 like it did in late October. But because it pulled back under $9 and the climb back has been slow, I am not as convinced that it will reach $10 before options expiration. It could just be because of the winter holidays, but I am willing to take the risk of selling an option at the $10 strike price. The Stochastic indicator is in the overbought range but I don't think it will stay up here that long. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
The only stock that I have with a position of 100 shares is CPLP, so I will be selling an option against that stock. I know that I have been saying that I would not be selling CPLP because it is a high dividend paying stock but I am not selling it directly. What I am doing is selling an "insurance policy" to someone else that if they buy it and the stock I have exceeds the strike price of the "policy" they can have it at the strike price, no matter how high the stock price goes.
I have been expecting CPLP to reach $10.50 like it did in late October. But because it pulled back under $9 and the climb back has been slow, I am not as convinced that it will reach $10 before options expiration. It could just be because of the winter holidays, but I am willing to take the risk of selling an option at the $10 strike price. The Stochastic indicator is in the overbought range but I don't think it will stay up here that long. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
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