Monday, February 1, 2010

Portfolio Update

CPLP had a bullish day on greater than average volume. Although the price movement was only strong enough to halt the decline of the Stochastic indicator, it was more than strong enough to reverse the direction of the MACD indicator, causing it to intersect with its signal line. I think it will be going up to about $10.

EVEP had a bullish day on greater than average volume. But because the price movement was so small and did not go above the open of yesterday, the Stochastic indicator crossed below its signal line. The MACD indicator, however, moved higher above its signal line because it was still an up day. I think it will be going up from here.

SLV had a bullish day on below average volume. But because the price movement was so large and started with a small gap up, the Stochastic indicator halted it's downward move and the MACD indicator turned up to almost intersect its signal line. I am bullish at this level.

ISPH, my paper trade, had a bearish day on less than average volume. The stock continues to look like it is just going to move sideways for now. OPWV had a bearish day while JPM had a bullish day. The general direction for both look more sideways than up or down. Will keep on watching. I got out of S last week and today it is looking like the choice to get in and out was premature. That is my opinion, you can take it or leave it.

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