Thursday, February 25, 2010

Portfolio Update

CPLP had a slightly bullish day after a bearish open on less than average volume. The price movement was small and not enough to turn the Stochastic and MACD indicator back up. Further decline is more likely.

EVEP had a bullish day on below average volume. The price movement was fairly average and started under yesterday's close. This didn't affect the upward direction of the Stochastic and MACD indicators. My first instinct is that it is loosing strength and will be pulling back.

SLV had a very bullish day on below average volume. The price movement was very aggressive but only after starting well below the low of the past two trading days. The Stochastic and MACD indicators reacted positively to this by rising. I believe that if this is the next rally, it should go to about $16.50.

My paper trades saw a mixture of news. S had a positive day, as was anticipated, and as a result my call option on it rose a little bit. More days like this are required. ISPH, however, had another bearish day as was expected. Fortunately for me, that is a good thing in a small way since I am recorded the sale of call options against my paper position. That give me money in the pocket as long as it continues to go down as is being expected. That is my opinion, you can take it or leave it.

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