Portfolio Update

CPLP had a bearish day on less than average volume. The price movement had a lot of trading action below the open but made it back near to the open. The technical indicators are in disagreement with each other. The Stochastic indicator has already turned down below its signal line and the MACD indicator is holding above its signal line but showing weakness. I don't have confidence that it will be moving up in the near future, but I don't think it will be dropping below its lowest low this year-to-date.

EVEP had a bullish day on slightly better than average volume. The price movement was actually bearish as it lost cent after gaping up a little, but it filled the gap during the day. The technical indicators are suggesting that the price movement wasn't enough to disturb the current averaging. The Stochastic indicator, which had been on a decline, is starting to turn up and the MACD indicator is not pointing upward and is above its signal line. I think there is going to be some up-side gains for this stock in the near future if it starts to pick up some momentum.

SLV had a bullish day on slightly better than average volume. The price movement was strong enough that it broke through and stayed above resistance after a slight gap up. The Stochastic and MACD indicators are both pointing up strongly so I have an expectation of gains. I am looking for it to break above $16.50 before the end of this week and then to $17.50 by the end of next week.

As for my paper trades, most of them are looking much better. Only the JPM call option, S and ISPH stocks are in the red still. Out of those three, only S is looking sad. The price movement was slightly negative and the technical indicators continued to drop as the dive of last week gets averaged in. I need to be watching JADE, JPM, OPWV, and PCS so that I get out with as much of my shirt as possible this time. That is my opinion, you can take it or leave it.

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