Portfolio Update

CPLP had a bearish day on ten times average volume. It opened with a huge gap down but eventually closed slightly higher. The price movement caused the Stochastic indicator to slow down and the MACD to sharply turn down. Looking at the news, it appears the drop was based on CPLP liquidating the stock to make an acquisition of a medium range product tanker vessel. The fundamentals are still good, so far, so I am going to continue to hold. I would have like to sell an option against it the day before but my lack of attention towards the news is the cause of my failure.

EVEP had a bearish day on less than average volume. The price movement was small and just below the yesterday's meager price movement. The Stochastic indicator barely slowed down, but the MACD indicator is showing an obvious slow down. A small pull back seems most likely. Maybe as far as $29 or a little under.

SLV had a bearish day on less than average volume. The price movement was started off with a gap down and continued to slide a little more. There will probably be a little more pulling back but I don't think it will be pulling back a lot more.

As for my paper trades, there was a lot of red and as a result there is a lot of cutting off occurring as well. JADE had a bearish day and I am selling off all of my positions to take my $12 gain on the stock and $30 gain on the call option. JPM had a bearish day and I am selling off all of my positions to take my $4 gain on the stock and $20 loss on the call option. S also had a bearish day, but long term seems to have a good chance of regaining much of the loss back, I am holding on to the call option for a little while longer. I suspect I will sell it sometime next week. That is my opinion, you can take it or leave it.

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