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.

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