Portfolio Update

CPLP had a bullish day on less than average volume. The price movement was small between the open and close but occurred after a gap up. As a result, the Stochastic and MACD indicators are still pointing up strong. I have no reason to second guess it at this point. I am holding.

EVEP had a bullish day on less than average volume. The price movement was small all day and occurred after a gap up to the high put in last week Thursday from which it dropped. It also closed at about that level. This is a challenge of the most recent resistance level. Tomorrow is a determining day. At the same time the Stochastic and MACD indicators are still pointing up strong. I am bullish it will break through.

SLV had a bearish day on less than average volume. The price movement was not extraordinary. It consisted of a small gap up followed by a pull back to the closing levels of the trading day before. The Stochastic and MACD indicators are showing signs of weakness. There seems to be a very slight bend occurring. I am not too pleased by this. There maybe another pull back occurring.

As for my paper trades, there is more green than red. The only ones red are the PCS stock and S call option. Considering that I have back my principle on PCS and a little profit, plus profit on the call option, and the Stochastic is in the overbought range and the MACD is already starting to turn sideways after just recently breaking above the zero line, I think now is a good time just to sell out of both of them. Getting into the S call option may not have worked out as well as I was hoping. I will wait another day before I decide. In other news, OPWV was flat today, and although there is no weakness in Stochastic the MACD is showing a solid decline in it's upward movement. I think I will take the profit I have in it now. That is my opinion, you can take it or leave it.

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