Tuesday, February 2, 2010

Portfolio Update

CPLP had a bearish day on slightly greater than average volume. Since the price movement was mostly above the close of the previous day the Stochastic indicator only slightly declined as its signal line came down to touch it as the MACD indicator slightly inclined higher above its signal line. I think there may be a slight pull back, but I don't think it will continue downwards. I remain bullish.

EVEP had a bullish day on less than average volume. But since the price started with a gap up and then closed higher after filling the gap, the Stochastic and MACD indicators continued to climb. The closing price is also higher than closing price of the last two peaks. I remain bullish.

SLV had a bearish day on less than average volume. Like CPLP, the price movement was mostly above the close of the previous day. As a result, the Stochastic and MACD indicator did not necessarily react negatively to it. In fact, they both inclined further. The Stochastic indicator moved up to come in contact with its signal line and the MACD indicator rose higher above its signal line. I remain bullish.

All of my current paper trades made gains. ISPH made penny gains, and appears to be still moving sideways. The Stochastic and MACD indicator are both oversold and appear to be getting ready to turn up. I will continue to hold. JPM made almost a dollar in gains and the Call Option I have on it also went up, but only 65 cents. OPWV made 13 cents on strong volume. It looks like it is going after a high of over $2.50. It may pull back from there, but I think it will go even higher. Yesterday I said I thought it might have been a mistake pulling out of S and today I see I was right. I am adding it back to my paper trades. That is my opinion, you can take it or leave it.

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