Portfolio Update

An all around bad day in the market today. I don't even know if I should bother to write anything today. But here we go anyway.

CPLP had a bearish day on greater than average volume. The price movement is so drastic that it the Stochastic indicator levels off, while the MACD completely changes direction and crosses below its signal line. But the bright side is that CPLP recovered a large portion of it's intra-day losses. This is a positive sign that people saw it as an opportunity to get into this fundamentally strong stock. I remain bullish as the stock pays a dividend and the long shadows on the past several trading days suggest to me that there is more of a transition of ownership than a sell off going on.

EVEP had a bearish day on greater than average volume. The price movement was deplorable as it could barely gain back any of its losses. Both the Stochastic and MACD indicators dropped below their signal lines, the MACD more drastically. I am now bearish this stock for the immediate future, but I am not dropping the stock yet as it is still fundamentally strong and I want to be paid the dividend.

SLV had a bearish day on greater than average volume. Like EVEP, the price movement was deplorable as it could barely gain back any of its losses. Both the Stochastic and MACD indicators dropped below their signal lines. However, I am not bearish SLV. I am leaving every cent in place.

My paper trades are not even worth mentioning. All were down and in losses except for the call option on JADE I added yesterday. Since they are all in over sold conditions, I might as well hold on to them and see how they play out. That is my opinion, you can take it or leave it.

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