Portfolio Update

CPLP had a bullish day on higher than average volume, but its price movement was bearish after opening higher. Since it was able to maintain some of the gains from its open the Stochastic and MACD indicators maintained their bullish momentum. I also remain bullish on the stock.

EVEP had a bullish day on less than average volume, but its price movement was bearish after opening higher. If not for the consistent bullish buying after the morning sell off, the Stochastic and MACD indicators probably would have reacted differently. However, because it recovered much of the losses from the morning the Stochastic and MACD indicators maintained their bullish momentum. I also remain bullish on EVEP.

SLV had a bearish day on less than average volume, and the price movement was bearish as well. As a result the Stochastic and MACD indicators stopped moving up for now, but are more side ways than down. I remain bullish on SLV as I don't believe it will go below it's current lows.

My paper trades were a bit mixed. JPM had a bearish day but the call option I am in was bullish. OPWV, S and ISPH were all bearish as well, but the Stochastic and MACD indicators on them are all oversold, so I am thinking this is just some consolidation. JADE and PCS are both also looking good for a rally as the Stochastic and MACD indicators are pointing up after being oversold. I am adding JADE and PCS to my paper trade list as well as three call options for JADE and two call options for PCS. That is my opinion, you can take it or leave it.

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