Thursday, February 11, 2010

Portfolio Update

CPLP had a bullish day on lower than average volume. The price movement had a low almost as low as yesterday's but closed higher than yesterday's high. As a result the Stochastic indicator still continued down a little, but the MACD indicator turned back up. If tomorrow is a repeat of today, then all indicator should be bullish then. I believe they it will be.

EVEP had a bullish day on greater than average volume. The price movement was only enough to turn the MACD indicator so that it is pointing up towards it's signal line. However, the Stochastic indicator is still pointing down as it averages out the hard drop off of last week. I am believe it will continue on it's current upward move

SLV had a bullish day on below average volume. The price movement was strong enough to put momentum into the upward direction of the Stochastic and MACD indicators. This might be the turn I have been expecting. I am disappointed that I was a hole $1 early. I will just have to ride it out.

As for the paper trades, there was a lot more green movement, but still not a lot of profit made. JADE and PCS are still averaging sideways movement, and JPM seems to have joined the list for a little sideways travel. OPWV had the most bullish day as it attached a downward slopping line of resistance that is currently only 7 cents above it. S however was the only bearish mover as it gaped down below it's close of yesterday and dojied in the range between the close and low of yesterday. The Stochastic and MACD indicators make prognosticating the next day very improbable.

My JADE call option saw some selling off which was contradictory to the move of the underlying stock. My call option on PCS, however, was bullish just like the underlying stock. I need to still remain patient. That is my opinion, you can take it or leave it.

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