This week has been to look real bad the past couple of days, but is ending on a positive note. I see hammer dojis which suggest a reversal.
CPLP had a slightly bullish day on less than average volume. The price movement had a lot of bearish action but ended up, allowing the Stochastic indicator to remain above it's signal line and the MACD to reduce it's declining slop. I think it will either totally reverse or level off at this point.
EVEP had a bearish day on much greater than average volume. The price movement had a lot of bearish action but was able to recover most of it. This, however, wasn't enough to keep the Stochastic indicator and MACD indicators from declining further below their signal lines. On the other hand, because the sell off was mostly bought back, this suggests that the bulls think the price is a good value. I think that it will either level off or start to rally up.
SLV had a bearish day on greater than average volume. The price movement, however, ended higher than it opened. This caused the Stochastic indicator to start turning back up and the MACD to slightly slow it's decline. There may be a bounce, but lately SLV has been going sideways after a bullish indicator, so I am not sure if the declines are over.
PCS, S, and ISPH all recovered some, but all of my other paper trades are deep in the red still accept my call option on JADE. All of them are in position to run up, and have plenty of time to do so. I will be patient. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Showing posts with label candlestick patterns. Show all posts
Showing posts with label candlestick patterns. Show all posts
Friday, February 5, 2010
Friday, January 22, 2010
Portfolio Update
CPLP had a bearish day on greater than average volume. This continued to pull down the Stochastic and MACD indicators. There is no indication of an immediate reversal, so my covered call is still safe.
EVEP had a bearish day on less than average volume. This continued to pull down the Stochastic and MACD indicators from their momentary bounce up. There is no indication of an immediate reversal.
SLV had a bearish day on greater than average volume. The price movement put in what looks like a hammer candlestick after a gap down. If wasn't that the Stochastic and MACD indicators are just now dropping out of the overbought range, I would be getting in come Monday. But because I think there is a little bit more of a pull back coming. I am going to wait.
My paper trade on ISPH seems to be in the motions of resetting itself for a rise. The price movement that was put in opened higher but closed lower. The low of the day was higher than the drastically lower-low of yesterday. I think it might be going up soon, but not after it goes sideways for a little bit. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a bearish day on less than average volume. This continued to pull down the Stochastic and MACD indicators from their momentary bounce up. There is no indication of an immediate reversal.
SLV had a bearish day on greater than average volume. The price movement put in what looks like a hammer candlestick after a gap down. If wasn't that the Stochastic and MACD indicators are just now dropping out of the overbought range, I would be getting in come Monday. But because I think there is a little bit more of a pull back coming. I am going to wait.
My paper trade on ISPH seems to be in the motions of resetting itself for a rise. The price movement that was put in opened higher but closed lower. The low of the day was higher than the drastically lower-low of yesterday. I think it might be going up soon, but not after it goes sideways for a little bit. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Thursday, January 14, 2010
Portfolio Update
The market was bullish today, but again, the price movement was shallow. This is how my portfolio fared.
CPLP closed higher today, but the price movement was actually bearish as it closed lower than it had opened. The volume was less than average and the Stochastic and MACD indicators barley reacted at all to the movement. I don't see any reason to think that it will continue up any time soon, so I believe that my covered call is still safe from being called on at expiration.
EVEP had a bullish day and closed higher on less than average volume. However, the Stochastic and MACD indicators are not yet showing a significant reaction. There price movement of the past three days does illustrate two bullish indicators. The first being that the lows of the past three days went from a higher-low to a lower-low and then back up to a higher-low. The second being that the price movement of today was bullish but was still within the range of yesterday's bearish movement. Since it is occurring after a pull back, there is a possibility that it could go higher but it has faked this movement before back in late October. Caution is to be advised.
SLV had a bullish day on less than average volume. The lack of volume probably contributed to the lack of strength to break through a downward trending resistance line I am now tracking against it since it put in a high on Monday. Although the Stochastic and MACD indicators are still reflecting strength in the stock, they do seem to be leveling off.
As far as the one remaining paper trade, JADE, it had a bearish day on less than average volume. The price movement of the day engulfed the bull move of yesterday, but the low was much lower than the close. Although there is only one day between the reversal and this candlestick, the movement suggests that there may be bullish interest in the stock. However, the lack of volume is contradictory to it the suggestion. The Stochastic and MACD indicators are slowing so I am more inclined to believe that the pull back further as I posted yesterday. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP closed higher today, but the price movement was actually bearish as it closed lower than it had opened. The volume was less than average and the Stochastic and MACD indicators barley reacted at all to the movement. I don't see any reason to think that it will continue up any time soon, so I believe that my covered call is still safe from being called on at expiration.
EVEP had a bullish day and closed higher on less than average volume. However, the Stochastic and MACD indicators are not yet showing a significant reaction. There price movement of the past three days does illustrate two bullish indicators. The first being that the lows of the past three days went from a higher-low to a lower-low and then back up to a higher-low. The second being that the price movement of today was bullish but was still within the range of yesterday's bearish movement. Since it is occurring after a pull back, there is a possibility that it could go higher but it has faked this movement before back in late October. Caution is to be advised.
SLV had a bullish day on less than average volume. The lack of volume probably contributed to the lack of strength to break through a downward trending resistance line I am now tracking against it since it put in a high on Monday. Although the Stochastic and MACD indicators are still reflecting strength in the stock, they do seem to be leveling off.
As far as the one remaining paper trade, JADE, it had a bearish day on less than average volume. The price movement of the day engulfed the bull move of yesterday, but the low was much lower than the close. Although there is only one day between the reversal and this candlestick, the movement suggests that there may be bullish interest in the stock. However, the lack of volume is contradictory to it the suggestion. The Stochastic and MACD indicators are slowing so I am more inclined to believe that the pull back further as I posted yesterday. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Wednesday, January 13, 2010
Portfolio Update
As I start to write this the midnight our approaches on another day of shallow changes in the market. This is how my portfolio fared.
CPLP closed unchanged on lower than average volume. Because the close is under $10, this continues to keep me from having to use this stock to cover the call I sold on it at the $10 strike price. I am confident that a pull back is in effect as the Stochastic and MACD indicators have intersected their signal lines. I just have to wait for it to stay under for the next two day's. Secondarily, the high of a couple days ago was about 50 cents short of the peak over two months ago. I am of the belief that it will continue to pull back to about $8.50. From there I will have to re-evaluate.
EVEP closed down today on greater than average volume. This was warned about yesterday. However, now we have what looks like it could be a Hammer candlestick in today's price movement. The only issue with it is that the body of the candlestick is a lot longer than would be expected from a hammer candlestick. This may be a bounce. But I am not expecting anything too strong so early after a reversal. The Stochastic and MACD indicators both strongly point down, so I will be cautious about it.
SLV had a bullish day on higher than average volume and both the Stochastic and MACD indicators are pointing up. This is a bounce from yesterdays bearish move. It also is looking similar to price movement made back in the early half of September 09. From that point there was a little bit of a increase afterwards but was then followed by a hard pull back and some oscillation before striving for a much higher high. I think this could be a repeat performance, but there are usually some variations.
As far as paper trading, JADE is my only one still in. Today it put in a bullish day but on lower than average volume. Although the Stochastic and MACD indicators are pointing up, the body of the current candlestick movement is within the range of the last candlestick movement. This suggests the chance of a reversal. This may only be a small pull back to about the 20-day moving average of about $2.60. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP closed unchanged on lower than average volume. Because the close is under $10, this continues to keep me from having to use this stock to cover the call I sold on it at the $10 strike price. I am confident that a pull back is in effect as the Stochastic and MACD indicators have intersected their signal lines. I just have to wait for it to stay under for the next two day's. Secondarily, the high of a couple days ago was about 50 cents short of the peak over two months ago. I am of the belief that it will continue to pull back to about $8.50. From there I will have to re-evaluate.
EVEP closed down today on greater than average volume. This was warned about yesterday. However, now we have what looks like it could be a Hammer candlestick in today's price movement. The only issue with it is that the body of the candlestick is a lot longer than would be expected from a hammer candlestick. This may be a bounce. But I am not expecting anything too strong so early after a reversal. The Stochastic and MACD indicators both strongly point down, so I will be cautious about it.
SLV had a bullish day on higher than average volume and both the Stochastic and MACD indicators are pointing up. This is a bounce from yesterdays bearish move. It also is looking similar to price movement made back in the early half of September 09. From that point there was a little bit of a increase afterwards but was then followed by a hard pull back and some oscillation before striving for a much higher high. I think this could be a repeat performance, but there are usually some variations.
As far as paper trading, JADE is my only one still in. Today it put in a bullish day but on lower than average volume. Although the Stochastic and MACD indicators are pointing up, the body of the current candlestick movement is within the range of the last candlestick movement. This suggests the chance of a reversal. This may only be a small pull back to about the 20-day moving average of about $2.60. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Tuesday, January 12, 2010
Portfolio Update
The market moved lower today just about everywhere. This is how my portfolio fared.
CPLP had a bearish day on greater than average volume. The price movement created a candlestick that is known as a spinning top. This indicates indecision in the market. But considering that the Stochastic indicator is in the overbought range and both the Stochastic and MACD indicators are now touching their signal lines, it would be wise for a swing trader to set a stop on this stock. Also this brings me out of danger of being called on my sold Covered Call at the $10 strike price.
EVEP had a very bearish day on greater than average volume. The price movement also finally directly reflects the movement of the Stochastic and MACD indicators. The stock took a hard hit as it dropped just over 5% on this trading day. If one is not holding onto this stock for the dividend payout, it would be wise to set a stop, because it is very likely that there will be another down day in the future like late October of 2009. However, I would watch out for a re-entry signal at about $27.50.
SLV also had bearish day on greater than average volume. The Stochastic indicator is still pointing up and has reached into the over bought range just a little bit, But the MACD indicator is pulling back towards the signal line though not quite there. The price movement suggests that there may be continued pulling back, but I am thinking that there is also a high likelihood of a bounce at about $17.50.
My paper trades didn't fare all that well either. JADE dropped hard after opening much higher earlier in the day. The close, however, resulted in a penny loss to yesterday. Since the Stochastic and MACD indicators are both still pointing up I will let it ride. OPWV, however, dived today. This wasn't unexpected if you read my post from yesterday. As a result of the dive I am out and the close of $2.34. This adds a lose of $5 to my score card. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP had a bearish day on greater than average volume. The price movement created a candlestick that is known as a spinning top. This indicates indecision in the market. But considering that the Stochastic indicator is in the overbought range and both the Stochastic and MACD indicators are now touching their signal lines, it would be wise for a swing trader to set a stop on this stock. Also this brings me out of danger of being called on my sold Covered Call at the $10 strike price.
EVEP had a very bearish day on greater than average volume. The price movement also finally directly reflects the movement of the Stochastic and MACD indicators. The stock took a hard hit as it dropped just over 5% on this trading day. If one is not holding onto this stock for the dividend payout, it would be wise to set a stop, because it is very likely that there will be another down day in the future like late October of 2009. However, I would watch out for a re-entry signal at about $27.50.
SLV also had bearish day on greater than average volume. The Stochastic indicator is still pointing up and has reached into the over bought range just a little bit, But the MACD indicator is pulling back towards the signal line though not quite there. The price movement suggests that there may be continued pulling back, but I am thinking that there is also a high likelihood of a bounce at about $17.50.
My paper trades didn't fare all that well either. JADE dropped hard after opening much higher earlier in the day. The close, however, resulted in a penny loss to yesterday. Since the Stochastic and MACD indicators are both still pointing up I will let it ride. OPWV, however, dived today. This wasn't unexpected if you read my post from yesterday. As a result of the dive I am out and the close of $2.34. This adds a lose of $5 to my score card. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Monday, January 11, 2010
Portfolio Update
another shallow and mixed day in the market. This is how my portfolio fared.
CPLP had a bullish day, just closing over $10 on greater than average volume. The Stochastic and MACD indicators are also still on the incline. I have a Covered Call out on CPLP, so if it continues to climb instead of pulling back, I will be called out on it.
EVEP had a bearish day on greater than average volume. The Stochastic and MACD indicators both continue to average down as the stock seems to fight reversing. Only a matter of time till it does in my opinion.
SLV had a bullish day on greater than average volume even though it closed lower than it's open. The Stochastic and MACD indicators are both still averaging up with little indication of slowing down. I think $19 is not far off from happening.
The paper trades did okay today as well, even the ones I was stopped out of last week. Oh well you win some you lose some. Right now JADE succeeded in breaking through and staying above the downward trending resistance line I am tracking against it. The Stochastic and MACD indicators are still steadily inclining so I suspect further grown, at least to $3.50, it's next resistance line.
OPWV had a bullish day on less than average volume but put in what is known as a hanging man candlestick. This price movement usually means a reversal is coming. This seems likely as the Stochastic indicator is in the overbought range and seems to be leveling off. The MACD indicator is only inclining. Tomorrow will be a defining day for it. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP had a bullish day, just closing over $10 on greater than average volume. The Stochastic and MACD indicators are also still on the incline. I have a Covered Call out on CPLP, so if it continues to climb instead of pulling back, I will be called out on it.
EVEP had a bearish day on greater than average volume. The Stochastic and MACD indicators both continue to average down as the stock seems to fight reversing. Only a matter of time till it does in my opinion.
SLV had a bullish day on greater than average volume even though it closed lower than it's open. The Stochastic and MACD indicators are both still averaging up with little indication of slowing down. I think $19 is not far off from happening.
The paper trades did okay today as well, even the ones I was stopped out of last week. Oh well you win some you lose some. Right now JADE succeeded in breaking through and staying above the downward trending resistance line I am tracking against it. The Stochastic and MACD indicators are still steadily inclining so I suspect further grown, at least to $3.50, it's next resistance line.
OPWV had a bullish day on less than average volume but put in what is known as a hanging man candlestick. This price movement usually means a reversal is coming. This seems likely as the Stochastic indicator is in the overbought range and seems to be leveling off. The MACD indicator is only inclining. Tomorrow will be a defining day for it. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Friday, January 8, 2010
Portfolio Update
Yet another shallow day in the market, but this time with a lot more closes in the green. This is how my portfolio fared.
CPLP had a bullish day on better than average volume. Yet it did not close above the high of two days ago. The price movement did reinforce the momentum of the Stochastic and MACD indicators. It may have a little higher to go before officially pulling back. It would be wise for swing traders to set stops.
EVEP had a bullish day on less than average volume. It also did not close above the high of two days ago. The price movement wasn't enough to significantly alter the Stochastic and MACD indicators but there was a slight convergence of the indicators with their signal lines. I think it may go sideways more than down.
SLV had a really bullish day today on slightly greater than average volume, but the amount is still on a declining trend. Because of the type of price movement today, the Stochastic and MACD indicators are still pointing up strongly. The kind of price movement was almost a hangman candlestick but at the same time almost looks like a dragonfly doji. Both of which suggest potential reversals. I foresee two outcomes. Either it is an official reversal, or it is just going to pull back some. Possibly to the $17.50 price range.
As for my paper trades, this is how they fared. JADE and OPWV both had bullish days, but JADE only recovered a small portion of it's losses from yesterday. OPWV, however, broke and closed above the most recent highs. JADE now has a shallower downward trending resistance line to break above. If it closes lower on the next trading day I will bow out.
S and my JPM Call both had bearish days. As a result of what I said yesterday, I am taking my profit on my $43Mar10 position for the JPM Call and keeping the majority of my principal for my position on S. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP had a bullish day on better than average volume. Yet it did not close above the high of two days ago. The price movement did reinforce the momentum of the Stochastic and MACD indicators. It may have a little higher to go before officially pulling back. It would be wise for swing traders to set stops.
EVEP had a bullish day on less than average volume. It also did not close above the high of two days ago. The price movement wasn't enough to significantly alter the Stochastic and MACD indicators but there was a slight convergence of the indicators with their signal lines. I think it may go sideways more than down.
SLV had a really bullish day today on slightly greater than average volume, but the amount is still on a declining trend. Because of the type of price movement today, the Stochastic and MACD indicators are still pointing up strongly. The kind of price movement was almost a hangman candlestick but at the same time almost looks like a dragonfly doji. Both of which suggest potential reversals. I foresee two outcomes. Either it is an official reversal, or it is just going to pull back some. Possibly to the $17.50 price range.
As for my paper trades, this is how they fared. JADE and OPWV both had bullish days, but JADE only recovered a small portion of it's losses from yesterday. OPWV, however, broke and closed above the most recent highs. JADE now has a shallower downward trending resistance line to break above. If it closes lower on the next trading day I will bow out.
S and my JPM Call both had bearish days. As a result of what I said yesterday, I am taking my profit on my $43Mar10 position for the JPM Call and keeping the majority of my principal for my position on S. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Thursday, January 7, 2010
Portfolio Update
Well, the market was shallow and mixed again for a second day in a row. This is how my portfolio fared.
CPLP had a bullish day on greater than average volume. However, the volume has been declining over the past few days, and today's price movement was a doji star next to a long bodied candlestick. This caused the Stochastic and MACD indicators to start leveling off. I think the stock is going to start heading down.
EVEP had a bearish day on weaker than average volume. The resulting affect on the Stochastic and MACD indicators are officially pointing down. I think this stock is also going to start heading down.
SLV had a bullish day on greater than average volume. But the price movement is a shooting star candlestick. As a result the Stochastic and MACD indicators are already weakening. There will probably be a pull back tomorrow.
As for my paper trades. All were bearish except for my Call Option for JPM. The $43Mar10 Call went up over 21% today. But the Stochastic indicator is looking like it is weakening in the overbought range. I will take my profits if tomorrow it closes down instead of up. The same goes for JADE, OPWV, and S if they go down further. I will cut my losses. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP had a bullish day on greater than average volume. However, the volume has been declining over the past few days, and today's price movement was a doji star next to a long bodied candlestick. This caused the Stochastic and MACD indicators to start leveling off. I think the stock is going to start heading down.
EVEP had a bearish day on weaker than average volume. The resulting affect on the Stochastic and MACD indicators are officially pointing down. I think this stock is also going to start heading down.
SLV had a bullish day on greater than average volume. But the price movement is a shooting star candlestick. As a result the Stochastic and MACD indicators are already weakening. There will probably be a pull back tomorrow.
As for my paper trades. All were bearish except for my Call Option for JPM. The $43Mar10 Call went up over 21% today. But the Stochastic indicator is looking like it is weakening in the overbought range. I will take my profits if tomorrow it closes down instead of up. The same goes for JADE, OPWV, and S if they go down further. I will cut my losses. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Wednesday, January 6, 2010
Portfolio Update
This post is really late so I am going to make it quick. The market was shallow and mixed, and this is how my portfolio fared.
CPLP had a bearish day on greater than average volume, but the close was higher than yesterday's close, so not all of yesterday's gains were given back. The Stochastic and MACD indicators are weakening but haven't totally reversed yet.
EVEP had a bearish day on less than average volume. The Stochastic and MACD indicators are contradictory, and the candlestick pattern has a long upper shadow with a bearish body. This could be a reversal for it.
SLV had a bullish day on better than average volume further extending it's gains from yesterday. The Stochastic and MACD indicators continued to move higher and the MACD broke over the zero line. The next big resistance point is $19. Plenty of gains to have.
What I don't understand is why my Covered Call option on CPLP sold at less than expected. Isn't a stop suppose to require it to sell at a price higher than the stop? Oh well. I just have to hope that the expiration next week occurs under $10 so that I can keep the premium.
As for my paper trades, there was mixed movement across all of them. Despite mixed movement, they are all still in the green including the one on OPWV that was down yesterday. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP had a bearish day on greater than average volume, but the close was higher than yesterday's close, so not all of yesterday's gains were given back. The Stochastic and MACD indicators are weakening but haven't totally reversed yet.
EVEP had a bearish day on less than average volume. The Stochastic and MACD indicators are contradictory, and the candlestick pattern has a long upper shadow with a bearish body. This could be a reversal for it.
SLV had a bullish day on better than average volume further extending it's gains from yesterday. The Stochastic and MACD indicators continued to move higher and the MACD broke over the zero line. The next big resistance point is $19. Plenty of gains to have.
What I don't understand is why my Covered Call option on CPLP sold at less than expected. Isn't a stop suppose to require it to sell at a price higher than the stop? Oh well. I just have to hope that the expiration next week occurs under $10 so that I can keep the premium.
As for my paper trades, there was mixed movement across all of them. Despite mixed movement, they are all still in the green including the one on OPWV that was down yesterday. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Wednesday, December 30, 2009
Portfolio Update
This is how my portfolio fared.
CPLP had a bullish day on below average volume. The Stochastic and MACD indicators reacted by both crossing over their signal lines in the up directions. The bull move is continuing to rally swing traders may want to get back in for some more gains as it heads towards $10 per share.
EVEP had a bearish day on below average volume. The Stochastic and MACD indicators are both pointing down in agreement. All of this is a strong signal that the up move is at an end. Everyone interested in maintaining as much of their gains as possible should consider setting stops.
SLV had a bearish day on below average volume. The Stochastic and MACD indicators are touching their signal lines. Those not willing to stay in the ETF should consider setting stops to save what is left of their position. However, since today's movement started with a gap down and then proceeded to make a very small bodied candlestick with short wicks on top and bottom, it is possible that this is the beginning of a morning star doji candle stick pattern. It would be wise to see where it opens tomorrow. If it gaps up then this was the signal for the next bull move.
As for my option paper trades, everything is still moving sideways, so none of the ones I am watching have been moved into for a position.
As for new actual stock positions, AEA still hasn't broken out of this downward slop that it is on. I am starting to believe that it may be starting a new down trend. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP had a bullish day on below average volume. The Stochastic and MACD indicators reacted by both crossing over their signal lines in the up directions. The bull move is continuing to rally swing traders may want to get back in for some more gains as it heads towards $10 per share.
EVEP had a bearish day on below average volume. The Stochastic and MACD indicators are both pointing down in agreement. All of this is a strong signal that the up move is at an end. Everyone interested in maintaining as much of their gains as possible should consider setting stops.
SLV had a bearish day on below average volume. The Stochastic and MACD indicators are touching their signal lines. Those not willing to stay in the ETF should consider setting stops to save what is left of their position. However, since today's movement started with a gap down and then proceeded to make a very small bodied candlestick with short wicks on top and bottom, it is possible that this is the beginning of a morning star doji candle stick pattern. It would be wise to see where it opens tomorrow. If it gaps up then this was the signal for the next bull move.
As for my option paper trades, everything is still moving sideways, so none of the ones I am watching have been moved into for a position.
As for new actual stock positions, AEA still hasn't broken out of this downward slop that it is on. I am starting to believe that it may be starting a new down trend. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Portfolio Update
This post is for December 29th, 2009. I had a very long day so this is going to be brief. Here is how my portfolio fared.
CPLP had a bullish day on slightly better than average volume. This movement turned the Stochastic and MACD indicators back up so that they are in contact with their signal lines. The Stochastic is just below the over bought range. The placement of the open and close of the price movement was above the downward trending resistance line I have been tracking it with. Although the bid and ask of the day suggest indecision by engulfing the entire price movment, there is reason to believe that this may be the continuation of the upward move.
EVEP had a bullish day on slightly better than average volume. This move, however, closed lower than it's open. The Stochastic and MACD indicators say that the stock is overbought. The Stochastic indicator continues to move sideways and the MACD continues to decline. The bid and ask prices are also very wide, suggesting indicision. Swing traders should pay attention to set stops.
SLV had a solid bear day on slightly higher than average volume. This movement has weakend the Stochastic and MACD indicators. The bid and ask are bracketing the low of the day. This suggests a lower opening for the next day. I am disturbed by the continued depression of this ETF. The $17.42 price is proving hard to break above. It really should be much higher.
As for option paper trades, JADE made a bullish move but did not move higher than the previous day's high, so I am not moving in on it just yet. JPM is finding it hard moving higher, continuing to wait on that. OPWV had a slight bearish day but still moving sideways, so not entering that one. S is looking good for one in the near future. SPIL had a bearish day so I am not moving on it either.
As for me watch list of trades to actually get into, AEA was unchanged from the previous day. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP had a bullish day on slightly better than average volume. This movement turned the Stochastic and MACD indicators back up so that they are in contact with their signal lines. The Stochastic is just below the over bought range. The placement of the open and close of the price movement was above the downward trending resistance line I have been tracking it with. Although the bid and ask of the day suggest indecision by engulfing the entire price movment, there is reason to believe that this may be the continuation of the upward move.
EVEP had a bullish day on slightly better than average volume. This move, however, closed lower than it's open. The Stochastic and MACD indicators say that the stock is overbought. The Stochastic indicator continues to move sideways and the MACD continues to decline. The bid and ask prices are also very wide, suggesting indicision. Swing traders should pay attention to set stops.
SLV had a solid bear day on slightly higher than average volume. This movement has weakend the Stochastic and MACD indicators. The bid and ask are bracketing the low of the day. This suggests a lower opening for the next day. I am disturbed by the continued depression of this ETF. The $17.42 price is proving hard to break above. It really should be much higher.
As for option paper trades, JADE made a bullish move but did not move higher than the previous day's high, so I am not moving in on it just yet. JPM is finding it hard moving higher, continuing to wait on that. OPWV had a slight bearish day but still moving sideways, so not entering that one. S is looking good for one in the near future. SPIL had a bearish day so I am not moving on it either.
As for me watch list of trades to actually get into, AEA was unchanged from the previous day. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Monday, December 28, 2009
Portfolio Update
Well the Christmas Holiday has come and gone. Only one more short week to go until all the stock traders are working at high gear. Unfortunately, I didn't have the time this weekend to post as I thought I might, so this is the first post since last Thursday. This is how my portfolio fared.
CPLP had a bullish day on better than average volume that totally engulfed the bear move of last Thursday. Unfortunately, it didn't take out the high of last Thursday. This creates an uncertainty with the candlestick reading. With the Stochastic and MACD indicators pointing down and a downward trending resistance line just pennies above, there is a solid likelihood that CPLP will continue to retreat. If I were swing trading this stock, I don't think I would be trying to get in it at this time.
EVEP had a bullish day on below average volume that officially broke above the high of two weeks ago. The Stochastic indicator continues to travel sideways in the overbought range and the MACD indicator is still retreating but looks to be attempting to turn up. If this move is anything like early September of this year, then I am suspecting a climb up to $33 at least. The current bid and ask is set for either direction at this point. A move in either direction could occur.
SLV had a bullish move on below average volume that ended bearish for the day. It opened and closed above the close of the last trading day, but closed less than the opening of the current day. The Stochastic and MACD indicators are pointing up and the Stochastic is pushing it's way out of the oversold range. All it needs to do now is break through and stay above the $17.43 resistance price point.
As far as paper trades in the options market is concerned, JADE and SPIL both put in shooting star candlestick patterns on lower than average volume. The Stochastic and MACD indicators both suggest that the next trend should be bullish, but because the candlestick pattern is bearish, I need a bullish move tomorrow to get me into them. OPWV was unchanged on lower than average volume in comparison to the last trading day, so I am still waiting for a bullish move to get me in. JPM had a bearish day on lower than average volume, but the Stochastic and MACD indicators are both pointing up. I am just waiting on a solid bullish day to get me into an option position.
As far as additional stock positions, AEA broke down through the horizontal support line I had been tracking it with. The volume was less than average and the Stochastic and MACD indicators are pointing down in the oversold range. This suggests that there will be some additional downward movement before there is a reversal. So I will be waiting for that signal. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP had a bullish day on better than average volume that totally engulfed the bear move of last Thursday. Unfortunately, it didn't take out the high of last Thursday. This creates an uncertainty with the candlestick reading. With the Stochastic and MACD indicators pointing down and a downward trending resistance line just pennies above, there is a solid likelihood that CPLP will continue to retreat. If I were swing trading this stock, I don't think I would be trying to get in it at this time.
EVEP had a bullish day on below average volume that officially broke above the high of two weeks ago. The Stochastic indicator continues to travel sideways in the overbought range and the MACD indicator is still retreating but looks to be attempting to turn up. If this move is anything like early September of this year, then I am suspecting a climb up to $33 at least. The current bid and ask is set for either direction at this point. A move in either direction could occur.
SLV had a bullish move on below average volume that ended bearish for the day. It opened and closed above the close of the last trading day, but closed less than the opening of the current day. The Stochastic and MACD indicators are pointing up and the Stochastic is pushing it's way out of the oversold range. All it needs to do now is break through and stay above the $17.43 resistance price point.
As far as paper trades in the options market is concerned, JADE and SPIL both put in shooting star candlestick patterns on lower than average volume. The Stochastic and MACD indicators both suggest that the next trend should be bullish, but because the candlestick pattern is bearish, I need a bullish move tomorrow to get me into them. OPWV was unchanged on lower than average volume in comparison to the last trading day, so I am still waiting for a bullish move to get me in. JPM had a bearish day on lower than average volume, but the Stochastic and MACD indicators are both pointing up. I am just waiting on a solid bullish day to get me into an option position.
As far as additional stock positions, AEA broke down through the horizontal support line I had been tracking it with. The volume was less than average and the Stochastic and MACD indicators are pointing down in the oversold range. This suggests that there will be some additional downward movement before there is a reversal. So I will be waiting for that signal. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Thursday, December 24, 2009
Christmas Eve Portfolio Update
Well with the US market closing early today, and my job shutting down early today until the new year, I have the time to make an early post. Also, since I am not a celebrator of holiday's I will probably post watch list and trade picks tomorrow. Anyway, this is how my portfolio fared.
CPLP had an effectively bull day on lower than average volume. I use the word effectively for the reason that it closed higher today than it did yesterday, although it actually opened higher than it closed. The Stochastic and MACD indicators are still showing a loss in strength so it is still not the time for capital gains investors to be getting back in. I am long term for dividend cash flow, so that is the reason why I am in.
EVEP had a bear day as it opened and closed at the same price but just a little under the close of yesterday. The price movement of this doji start candlestick was controlled by below average volume. Doji's starts that occur at the top of a move with the Stochastic and MACD indicators high up in the overbought range, like they are on this day, usually mean that they will trade down shortly afterwards. I'm in for the dividend cash flow so I will not be taking any action. It would be wise for capital gains investors to set stops at this time.
SLV had a bull day on below average volume. The Stochastic and MACD indicators are both pointing up but within the oversold range. The impressive thing about the move SLV made was that it gaped up at the open of the day before climbing. This could mean that the bearish conditions have ended, but SLV is challenging resistance at about $17.50. If it breaks above this resistance level, there is good reason to believe that it will rally up to, and through, $19.70.
As far as option paper trades are concerned, I still haven't entered any. JADE and SPIL both had shallow bull days on below average volume. Their Stochastic and MACD indicators are both still suggesting that the bottoming behavior is not over yet. I will continue to watch them. OPWV made an interesting move today. The price movement of the day was bullish. It saw a new high on low volume but came back down to close only 1 cent higher. This type of price movement is called a shooting star doji. This is a reversal indicator, meaning that it has a high probability of going down next week. Additionally, the Stochastic indicator is out of the oversold range, but the MACD indicator is not yet over the zero line. If next week shows a pull back, I will probably not get be getting into it for the paper trade.
In regards to actual trades, I still haven't entered into any. AEA had a bear day on lower than average volume, but remains inside the resistance and support lines of a downward trending right triangle candlestick pattern. The Stochastic indicator is still pointing down but has not broken into the oversold range. The MACD indicator is still tending more or less sideways under the zero line. I will not make a move until a breakout occurs and the indicators both indicate official upward momentum.
Looking back a little bit, I wrote about JPM being a breakout candidate for this week. I was right, but didn't mention anything about it. That was simply because I forgot all about it. Anyway, it has been fighting to break out further, but failing every day this week. It has, however, been moving sideways. This, in addition to the Stochastic indicator pointing up out of the oversold range, and the MACD being close to breaking above the zero line, I will add this to my option paper trades. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP had an effectively bull day on lower than average volume. I use the word effectively for the reason that it closed higher today than it did yesterday, although it actually opened higher than it closed. The Stochastic and MACD indicators are still showing a loss in strength so it is still not the time for capital gains investors to be getting back in. I am long term for dividend cash flow, so that is the reason why I am in.
EVEP had a bear day as it opened and closed at the same price but just a little under the close of yesterday. The price movement of this doji start candlestick was controlled by below average volume. Doji's starts that occur at the top of a move with the Stochastic and MACD indicators high up in the overbought range, like they are on this day, usually mean that they will trade down shortly afterwards. I'm in for the dividend cash flow so I will not be taking any action. It would be wise for capital gains investors to set stops at this time.
SLV had a bull day on below average volume. The Stochastic and MACD indicators are both pointing up but within the oversold range. The impressive thing about the move SLV made was that it gaped up at the open of the day before climbing. This could mean that the bearish conditions have ended, but SLV is challenging resistance at about $17.50. If it breaks above this resistance level, there is good reason to believe that it will rally up to, and through, $19.70.
As far as option paper trades are concerned, I still haven't entered any. JADE and SPIL both had shallow bull days on below average volume. Their Stochastic and MACD indicators are both still suggesting that the bottoming behavior is not over yet. I will continue to watch them. OPWV made an interesting move today. The price movement of the day was bullish. It saw a new high on low volume but came back down to close only 1 cent higher. This type of price movement is called a shooting star doji. This is a reversal indicator, meaning that it has a high probability of going down next week. Additionally, the Stochastic indicator is out of the oversold range, but the MACD indicator is not yet over the zero line. If next week shows a pull back, I will probably not get be getting into it for the paper trade.
In regards to actual trades, I still haven't entered into any. AEA had a bear day on lower than average volume, but remains inside the resistance and support lines of a downward trending right triangle candlestick pattern. The Stochastic indicator is still pointing down but has not broken into the oversold range. The MACD indicator is still tending more or less sideways under the zero line. I will not make a move until a breakout occurs and the indicators both indicate official upward momentum.
Looking back a little bit, I wrote about JPM being a breakout candidate for this week. I was right, but didn't mention anything about it. That was simply because I forgot all about it. Anyway, it has been fighting to break out further, but failing every day this week. It has, however, been moving sideways. This, in addition to the Stochastic indicator pointing up out of the oversold range, and the MACD being close to breaking above the zero line, I will add this to my option paper trades. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Tuesday, December 22, 2009
Portfolio Update
Due to a number of investors taking off early for Christmas, there is a significant drop off in trading volume this week. As a result, it is a blessing to see any green at all. This is how my portfolio fared.
CPLP pulled back just a little bit on below average volume. The Stochastic and MACD indicators are touching their signal lines and turning down slightly, but I am not expecting a dramatic pull-back. I suspect it will continue like this for the remainder of the week and then maybe some more next week. But come next year, I think it will be going back up. I am in for the long term dividend play, not the capital gains alone.
EVEP gaped up and then pulled back on lower than average volume for a small gain. As of the close, the Stochastic and MACD indicators are diverging from each other. This is also a dividend play, so I will probably be in it through next year.
SLV had a bearish day on less than average volume. The Stochastic and MACD indicators are still running more or less sideways in the oversold range. I don't think it will sit here for much longer. If anything, it should start climbing after Christmas or New Years.
As far as my list of option paper trade possibilities, only one is showing promise right now. SPIL has broken above the downward trending resistance line and held on to the gains. However, what I am seeing right now is that the Stochastic and MACD indicators are still in the oversold condition, but they are pointing upward. What I am waiting for is for them to cross out of the oversold area. When they do that, I will take an option position at the closing of that day.
The next one I believe to be about to go on an uptrend is AEA. However, this will be an actual stock position. Both the Stochastic and MACD are touching their signal lines while in the process of turning from down to side ways. The Stochastic indicator is not yet in the oversold range but the MACD is currently just under it. The price movement has been weak and on low volume as it has been challenging a downward trending resistance line that is converging with an upward trending support line. If it breaks the support line, there is also horizontal support line. Unfortunately, the downward trending resistance line and the horizontal support line produce a flag pattern that usually breaks out to the downside. Despite that I am inclined to believe that because the secondary indicators are already depressed, that there will be a break out to the up side. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP pulled back just a little bit on below average volume. The Stochastic and MACD indicators are touching their signal lines and turning down slightly, but I am not expecting a dramatic pull-back. I suspect it will continue like this for the remainder of the week and then maybe some more next week. But come next year, I think it will be going back up. I am in for the long term dividend play, not the capital gains alone.
EVEP gaped up and then pulled back on lower than average volume for a small gain. As of the close, the Stochastic and MACD indicators are diverging from each other. This is also a dividend play, so I will probably be in it through next year.
SLV had a bearish day on less than average volume. The Stochastic and MACD indicators are still running more or less sideways in the oversold range. I don't think it will sit here for much longer. If anything, it should start climbing after Christmas or New Years.
As far as my list of option paper trade possibilities, only one is showing promise right now. SPIL has broken above the downward trending resistance line and held on to the gains. However, what I am seeing right now is that the Stochastic and MACD indicators are still in the oversold condition, but they are pointing upward. What I am waiting for is for them to cross out of the oversold area. When they do that, I will take an option position at the closing of that day.
The next one I believe to be about to go on an uptrend is AEA. However, this will be an actual stock position. Both the Stochastic and MACD are touching their signal lines while in the process of turning from down to side ways. The Stochastic indicator is not yet in the oversold range but the MACD is currently just under it. The price movement has been weak and on low volume as it has been challenging a downward trending resistance line that is converging with an upward trending support line. If it breaks the support line, there is also horizontal support line. Unfortunately, the downward trending resistance line and the horizontal support line produce a flag pattern that usually breaks out to the downside. Despite that I am inclined to believe that because the secondary indicators are already depressed, that there will be a break out to the up side. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Monday, December 21, 2009
Portfolio Update
Not much to mention this time around. The market started out with strong gains, but could hold on to much of them toward the end of the day. Here is how my portfolio fared.
CPLP started the day up a little over a dime, but was unable to maintain the bump up in value. With the volume being below average, it ended the day only up 1 penny. So far that is a 4 days of nearly the same behavior, opening higher only to pull back. With the closing price barely changing day to day, it appears that it is doing the same thing it did in late September early October.
EVEP started near the close of last Friday and then closed near the opening of last Friday. This price movement creates a bullish Harami candlestick pattern. This pattern is a bullish indicator. The question that I have now is if it can break above the high it just put in last Thursday. Even better than average volume, I am not inclined to believe so. The last time it put in a top that was followed by a Harami candlestick pattern, if fell dramatically. I am holding this stock for the dividend, so we will just wait and see.
SLV opened strong today, but with less than average volume, it lost value as the day progressed. All indicators say that it is oversold. My opinion is that it is just taking a break. I am going to continue to hold onto my position.
As far as paper trading is concerned, I currently do not hold any positions. I am still looking out for entry points, however.
Over the weekend, I mentioned two stocks I will be trading for Covered Calls, AEA and SPIL. Both of them broke the downward trending resistance line I am tracking against them, but neither could maintain the move before the closing bell. If they do it tomorrow, and depending on how strongly they close above the downward trending resistance line, I will be taking a literal position in at least one of them. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP started the day up a little over a dime, but was unable to maintain the bump up in value. With the volume being below average, it ended the day only up 1 penny. So far that is a 4 days of nearly the same behavior, opening higher only to pull back. With the closing price barely changing day to day, it appears that it is doing the same thing it did in late September early October.
EVEP started near the close of last Friday and then closed near the opening of last Friday. This price movement creates a bullish Harami candlestick pattern. This pattern is a bullish indicator. The question that I have now is if it can break above the high it just put in last Thursday. Even better than average volume, I am not inclined to believe so. The last time it put in a top that was followed by a Harami candlestick pattern, if fell dramatically. I am holding this stock for the dividend, so we will just wait and see.
SLV opened strong today, but with less than average volume, it lost value as the day progressed. All indicators say that it is oversold. My opinion is that it is just taking a break. I am going to continue to hold onto my position.
As far as paper trading is concerned, I currently do not hold any positions. I am still looking out for entry points, however.
Over the weekend, I mentioned two stocks I will be trading for Covered Calls, AEA and SPIL. Both of them broke the downward trending resistance line I am tracking against them, but neither could maintain the move before the closing bell. If they do it tomorrow, and depending on how strongly they close above the downward trending resistance line, I will be taking a literal position in at least one of them. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Sunday, December 20, 2009
Breakout Picks For This Week
For this short week I have a four breakout picks and my analysis of where they may go. They are AEA, JADE, OPWV, and SPIL.
AEA is a company in the industry of Consumer Financial Services. Essentially it is a credit card company. For the past 30-days or so, it has been on a down trend. The Stochastic indicator has not yet fallen into the oversold range, but the MACD has fallen under the zero line just last week. The stock itself has created a Harami candlestick pattern that indicates it may be reversing, but the volume on that formation was just under average, which causes me some hesitation. Because it is a stock that is less than $10 per share and pays a dividend, I am considering it for a Covered Call. What I am waiting for is confirmation of this reversal. There is a downward trending resistance line that is almost touching the 20-day moving average of $6.15. For me to get in it this week it will have to break and stay above this resistance line. That is quite a distance considering it's current average trading range (ATR) of 26 cents. However, if it does it successfully on the first day of the week, I will be influenced by the move to get in on the next day as the Fibonacci Extension suggests that it may break $7 before pulling back again. And if it does, I will probably sell the $7.50Jan10 Call against it.
JADE is a company in the cyclical consumer jewelry and silverware industry. Over the last few years it has been beaten down from $13 per share to $2. It has recently broken into the oversold range for both Stochastic and MACD indicators. It is also near an old resistance level that it broke through for it's last rally, so now it is a support level. What hasn't happened yet is a candlestick pattern suggesting a reversal. And if there is no volume behind it when the move is made, then I will also have to wait for additional confirmation such as a break through down trending resistance lines. What is problematic about that is it dropped sharply from one a couple weeks ago and created another one last week. So even if it does break and stay above the most recent one there is quite a gap until the next one. Another red flag on JADE is that it does not pay a dividend, so the only thing I will have to look forward to with it is a Covered Call play. That being the case, I will only paper trade this one.
OPWV is a company in the Software & Programming industry. Over the past few years it has been beaten down from $22.50 per share to $2. Much further back during the Dot Com era, it was once valued at $600 per share. "How the mighty have fallen," comes to mind. But what do I care about the companies as long as they make me money, right? Anyway, I am not looking for much from it. What I know is that it has dropped to support, again. And in doing so, it has also dropped into the oversold range for both the Stochastic and MACD indicators. On Friday, it also created a Harami candlestick pattern that suggests that a reversal is possible. The volume on this candlestick formation was much greater than average and strengthens the probability of the reversal. However, the red flags are that it hasn't payed a dividend for a long while, and it is possibly too low in price for it to be a wise Covered Call play, not to mention I can identify two downward trending resistance lines not too far apart from each other. As a consequence of these red flags, I will only be paper trading it for practice. But I will only make a play on it after it confirms the change of direction.
Last on my list is SPIL. SPIL is a company in the Semiconductor industry. While being in the oversold range for both the Stochastic and MACD indicators, on stronger than average volume it bounce from a new low. That new low was created near a few support levels in the $6 range. The only thing left for it to do in my criteria is for it to break through the downward trending resistance line that intersects at about $6.75 on this coming Monday. It has been paying out a an erratic dividend amount once a year for 4 years so I don't think it is guaranteed. With that red flag understood, I think I will still invest in it, but only if it breaks and stays above the downward trending resistance line. Afterwards, I will be looking for an opportunity to sell the $7.50Jan10 Call against it. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
AEA is a company in the industry of Consumer Financial Services. Essentially it is a credit card company. For the past 30-days or so, it has been on a down trend. The Stochastic indicator has not yet fallen into the oversold range, but the MACD has fallen under the zero line just last week. The stock itself has created a Harami candlestick pattern that indicates it may be reversing, but the volume on that formation was just under average, which causes me some hesitation. Because it is a stock that is less than $10 per share and pays a dividend, I am considering it for a Covered Call. What I am waiting for is confirmation of this reversal. There is a downward trending resistance line that is almost touching the 20-day moving average of $6.15. For me to get in it this week it will have to break and stay above this resistance line. That is quite a distance considering it's current average trading range (ATR) of 26 cents. However, if it does it successfully on the first day of the week, I will be influenced by the move to get in on the next day as the Fibonacci Extension suggests that it may break $7 before pulling back again. And if it does, I will probably sell the $7.50Jan10 Call against it.
JADE is a company in the cyclical consumer jewelry and silverware industry. Over the last few years it has been beaten down from $13 per share to $2. It has recently broken into the oversold range for both Stochastic and MACD indicators. It is also near an old resistance level that it broke through for it's last rally, so now it is a support level. What hasn't happened yet is a candlestick pattern suggesting a reversal. And if there is no volume behind it when the move is made, then I will also have to wait for additional confirmation such as a break through down trending resistance lines. What is problematic about that is it dropped sharply from one a couple weeks ago and created another one last week. So even if it does break and stay above the most recent one there is quite a gap until the next one. Another red flag on JADE is that it does not pay a dividend, so the only thing I will have to look forward to with it is a Covered Call play. That being the case, I will only paper trade this one.
OPWV is a company in the Software & Programming industry. Over the past few years it has been beaten down from $22.50 per share to $2. Much further back during the Dot Com era, it was once valued at $600 per share. "How the mighty have fallen," comes to mind. But what do I care about the companies as long as they make me money, right? Anyway, I am not looking for much from it. What I know is that it has dropped to support, again. And in doing so, it has also dropped into the oversold range for both the Stochastic and MACD indicators. On Friday, it also created a Harami candlestick pattern that suggests that a reversal is possible. The volume on this candlestick formation was much greater than average and strengthens the probability of the reversal. However, the red flags are that it hasn't payed a dividend for a long while, and it is possibly too low in price for it to be a wise Covered Call play, not to mention I can identify two downward trending resistance lines not too far apart from each other. As a consequence of these red flags, I will only be paper trading it for practice. But I will only make a play on it after it confirms the change of direction.
Last on my list is SPIL. SPIL is a company in the Semiconductor industry. While being in the oversold range for both the Stochastic and MACD indicators, on stronger than average volume it bounce from a new low. That new low was created near a few support levels in the $6 range. The only thing left for it to do in my criteria is for it to break through the downward trending resistance line that intersects at about $6.75 on this coming Monday. It has been paying out a an erratic dividend amount once a year for 4 years so I don't think it is guaranteed. With that red flag understood, I think I will still invest in it, but only if it breaks and stays above the downward trending resistance line. Afterwards, I will be looking for an opportunity to sell the $7.50Jan10 Call against it. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Friday, December 18, 2009
Portfolio Update
The market had a slightly bullish day after a hard drop yesterday. The result for me, however, was a bit of a mix. This is how my portfolio fared.
CPLP had a slightly bearish day. Although it attempted to be bullish, too much bearish volume flooded in at the end of the day. The volume was above average and the Stochastic and MACD indicators continue to turn from up to sideways in the overbought range. Considering price movement and the current position of the secondary indicators, a repeat of late Septembers sideways movement seems to be likely, although it is possible that it may go back down to $8 or lower.
EVEP had a solid bearish day. The volume was above average and both the Stochastic and MACD indicators are touching their signal lines in the overbought range. The Stochastic indicator is just starting to turn sideways from up and the MACD indicator sharply turned down. It is my opinion that it will probably pull back between $28 and $27, at least, before changing directions again.
SLV had a slightly bullish day. On very below average volume, it's price movement produced what is known as a Harami candlestick. This is when the body of the day's trading occurs within the range of the body of the previous day's trading, and it is also a bullish candlestick pattern. The Stochastic and MACD indicators have both turned and are touching their signal lines while in the oversold range. Although the candlestick pattern and secondary indicators suggest that a bullish reversal is possible, the volume is weak. A person wanting to get in would be wise to consider this a good time to get it, especially if Monday is a bullish day.
As far as paper trading is concerned, I am not in any positions right now, but I am looking for entry points. Of those I am watching, this is what I have to report.
JPM had a bullish day much like SLV. The price movement of the day produced a Harami candlestick on better than average volume and the Stochastic and MACD indicators are in the oversold range. All of this suggest bullish intent. It is my belief that next week it will finally break above the downward trending resistance line I am tracking it with.
PCS also had a bullish day like SLV and JPM. The price movement of the day produced a Harami candlestick on better than average volume, but this time the Stochastic and MACD indicators are in the overbought range. If PCS can open up and close higher, without giving back too much of the intraday gains, it may run in the overbought range for a $1.50 in the stock. That will be acceptable for an option trade of the $7.50Feb10 Call.
PDLI had a bullish day on better than average volume, and it closed above the downward trending resistance line I had been tracking it with. The Stochastic and MACD indicators are pointing up and are not overbought. Except for the fact that the price movement put in a doji candlestick where the close was actually lower than the open, I would think that it was definitely going to go up. I am going to need at least another day of fully bullish trading to be sure about this stock going any higher. Even if it does, I am not expecting any more than $7.75 before it takes a break. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP had a slightly bearish day. Although it attempted to be bullish, too much bearish volume flooded in at the end of the day. The volume was above average and the Stochastic and MACD indicators continue to turn from up to sideways in the overbought range. Considering price movement and the current position of the secondary indicators, a repeat of late Septembers sideways movement seems to be likely, although it is possible that it may go back down to $8 or lower.
EVEP had a solid bearish day. The volume was above average and both the Stochastic and MACD indicators are touching their signal lines in the overbought range. The Stochastic indicator is just starting to turn sideways from up and the MACD indicator sharply turned down. It is my opinion that it will probably pull back between $28 and $27, at least, before changing directions again.
SLV had a slightly bullish day. On very below average volume, it's price movement produced what is known as a Harami candlestick. This is when the body of the day's trading occurs within the range of the body of the previous day's trading, and it is also a bullish candlestick pattern. The Stochastic and MACD indicators have both turned and are touching their signal lines while in the oversold range. Although the candlestick pattern and secondary indicators suggest that a bullish reversal is possible, the volume is weak. A person wanting to get in would be wise to consider this a good time to get it, especially if Monday is a bullish day.
As far as paper trading is concerned, I am not in any positions right now, but I am looking for entry points. Of those I am watching, this is what I have to report.
JPM had a bullish day much like SLV. The price movement of the day produced a Harami candlestick on better than average volume and the Stochastic and MACD indicators are in the oversold range. All of this suggest bullish intent. It is my belief that next week it will finally break above the downward trending resistance line I am tracking it with.
PCS also had a bullish day like SLV and JPM. The price movement of the day produced a Harami candlestick on better than average volume, but this time the Stochastic and MACD indicators are in the overbought range. If PCS can open up and close higher, without giving back too much of the intraday gains, it may run in the overbought range for a $1.50 in the stock. That will be acceptable for an option trade of the $7.50Feb10 Call.
PDLI had a bullish day on better than average volume, and it closed above the downward trending resistance line I had been tracking it with. The Stochastic and MACD indicators are pointing up and are not overbought. Except for the fact that the price movement put in a doji candlestick where the close was actually lower than the open, I would think that it was definitely going to go up. I am going to need at least another day of fully bullish trading to be sure about this stock going any higher. Even if it does, I am not expecting any more than $7.75 before it takes a break. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Friday, December 11, 2009
Portfolio Update
It is said that 'patience is a virtue.' And it is a virtue I am in short supply of. I hope it isn't presumptuous but I would like to thank God for the amount he has given me. So this is the reason for my happiness today.
CPLP took another stab at breaking through the resistance line of the sideways channel it is in. Unfortunately, today was not the day for it to stay above that line. The fortunate thing is that it did break through and although it retraced back under resistance, it still kept 10 cents per share. I am still optimistic as the MACD and Stochastic lines continue to grow in strength. All that is needed is a strong volume day.
EVEP had a bullish day, but the candlestick pattern is almost that of a hangman, a body that illustrates that the closing price made an obvious change from the opening with a long lower shadow. Interestingly, it actually closed at the same high it made yesterday. Usually hangman candlestick patterns suggest a reversal is likely, but the body of this particular candlestick is about the same length as the shadow. This devalues the negative potential of the pattern. However, it is still wise to analyze this in connection with the slightly better than average volume, Stochastic lines moving sideways near overbought levels, and the MACD lines having climbed steeply above the zero line for the past three days. After doing that I am still inclined to believe that the immediate upward cycle is over or nearing it's end but I will be waiting for confirmation next.
FPL had a really bullish day and is the main reason for my happiness today. Not only was the day a bullish day for FPL, it started at the resistance line of the upward channel it was in, broke through, and closed well above it. Volume was stronger than average two days in a row and the secondary indicators, although in the range of overbought, are still strong. I have been tightening my stops for the last three tree sessions and will being doing it again as I would much rather keep as much of what I have been given by the market instead of being a pig and losing most of it to unrealistic expectations that it may continue to go up after slipping back.
MU didn't have a bullish day today. Instead, it had a decapitated hangman of a day. What I mean is that it had a very narrow move down from it's open, and barley even went below where it closed, creating a very short shadow. Similar to my earlier statement about the hangman-like move EVEP made today, there is not much value in a hangman day where the lower shadow is not longer than the body of the candlestick in terms of multiples. However, like EVEP, the secondary indicators are also suggesting the end of the run is near. Since my interest in this stock was primarily for the benefit of the premium I received when I sold a Call Option option against it, I am still not at all concerned about the direction that it is taking.
SLV also did not have a bullish day. In fact it was a little less favorable than I expected. It hit a lower low today as it broke below the lows that it bounced off of for the past two days prior, but closed just above them. The price movement of the day, however, was another hammer. In comparison to the hangman candlesticks of EVEP and MU, this one is suppose to be more favorable as the shadow on it is about two times the length of the body the price movement created. Also since, silver is suppose to be "real" money, and the value of it is completely tied to supply and demand. I am very unlikely to ever sell it unless I have a greater amount of it at a much greater price. In regards to secondary indicators and the rate of change in the ETF, it all tells me that if I had more cash/currency on hand, I should buy more as it should be reversing soon. But so is life, I do not have the capital at this time.
As far as my paper trades are concerned, PCS and S both moved slightly higher today, but their probabilities of continuing higher still haven't changed. In fact, the price movement of these stocks actually opened higher and then drifted down, just not the full amount that it opened up. In addition, based on the direction and position of the secondary indicators of these two stocks, I don't have a lot of confidence that it will continue to go up right now. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP took another stab at breaking through the resistance line of the sideways channel it is in. Unfortunately, today was not the day for it to stay above that line. The fortunate thing is that it did break through and although it retraced back under resistance, it still kept 10 cents per share. I am still optimistic as the MACD and Stochastic lines continue to grow in strength. All that is needed is a strong volume day.
EVEP had a bullish day, but the candlestick pattern is almost that of a hangman, a body that illustrates that the closing price made an obvious change from the opening with a long lower shadow. Interestingly, it actually closed at the same high it made yesterday. Usually hangman candlestick patterns suggest a reversal is likely, but the body of this particular candlestick is about the same length as the shadow. This devalues the negative potential of the pattern. However, it is still wise to analyze this in connection with the slightly better than average volume, Stochastic lines moving sideways near overbought levels, and the MACD lines having climbed steeply above the zero line for the past three days. After doing that I am still inclined to believe that the immediate upward cycle is over or nearing it's end but I will be waiting for confirmation next.
FPL had a really bullish day and is the main reason for my happiness today. Not only was the day a bullish day for FPL, it started at the resistance line of the upward channel it was in, broke through, and closed well above it. Volume was stronger than average two days in a row and the secondary indicators, although in the range of overbought, are still strong. I have been tightening my stops for the last three tree sessions and will being doing it again as I would much rather keep as much of what I have been given by the market instead of being a pig and losing most of it to unrealistic expectations that it may continue to go up after slipping back.
MU didn't have a bullish day today. Instead, it had a decapitated hangman of a day. What I mean is that it had a very narrow move down from it's open, and barley even went below where it closed, creating a very short shadow. Similar to my earlier statement about the hangman-like move EVEP made today, there is not much value in a hangman day where the lower shadow is not longer than the body of the candlestick in terms of multiples. However, like EVEP, the secondary indicators are also suggesting the end of the run is near. Since my interest in this stock was primarily for the benefit of the premium I received when I sold a Call Option option against it, I am still not at all concerned about the direction that it is taking.
SLV also did not have a bullish day. In fact it was a little less favorable than I expected. It hit a lower low today as it broke below the lows that it bounced off of for the past two days prior, but closed just above them. The price movement of the day, however, was another hammer. In comparison to the hangman candlesticks of EVEP and MU, this one is suppose to be more favorable as the shadow on it is about two times the length of the body the price movement created. Also since, silver is suppose to be "real" money, and the value of it is completely tied to supply and demand. I am very unlikely to ever sell it unless I have a greater amount of it at a much greater price. In regards to secondary indicators and the rate of change in the ETF, it all tells me that if I had more cash/currency on hand, I should buy more as it should be reversing soon. But so is life, I do not have the capital at this time.
As far as my paper trades are concerned, PCS and S both moved slightly higher today, but their probabilities of continuing higher still haven't changed. In fact, the price movement of these stocks actually opened higher and then drifted down, just not the full amount that it opened up. In addition, based on the direction and position of the secondary indicators of these two stocks, I don't have a lot of confidence that it will continue to go up right now. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Wednesday, December 9, 2009
Portfolio Update
It was only a moderately bullish day in the equity markets today. The precious metal commodities continued to slide in value and the treasuries followed also. This is an anomaly as the treasuries usually go up when gold and silver come down. As for me the, the following details show I did.
CPLP had a slightly bearish day. The price movement was only slightly down on light volume. It remains on the upper side of a very narrow channel. The momentum seems to be shifting down, but only slowly. It will need to have bigger moves on much higher volume to sway my current opinion on it.
CVX had a bounce off of it's 50-day moving average for a bullish day. This bounce, however, occurred after I got myself stopped out of the Call Option for a loss greater than 50%. The volume on this bull move was light and the price movement was modest. I don't believe it is reversing yet. I think this was only a small pull back.
EVEP had a very bullish day. It rose well above the upward trending resistance line of the channel it had been traveling in. The volume was above average and the secondary indicators are in agreement with the likelihood of more future growth. The only negative is the long upper shadow that was formed as the stock pulled back late in the trading day. Everything being considered, I believe it will probably be pulling back to test the support at the resistance line it just blew through. After that, I believe it most likely will continue to run.
FPL had a modest bull day. The movement was enough to get the bid and ask of my option on it to move higher, but it doesn't seem like anyone was interested in buying or selling. The official last price on the option was unchanged. I can't let myself get too comfortable with these option plays, so I tightened up the stop-limit order to match the increase in the bid and ask so far.
MU had a fractionally bearish day in the market. Strangely enough, it still affected the underlying Call Option I have Sold-To-Open against it. The volume has been weak the past few trading days and the secondary indicators have been gradually turning downward. I am finding it hard to believe that the stock is not in the process of a pull back to under the $8 strike price of my option. The questions I don't have an answer for is, how long will it take to get to that level and how long before it goes up again.
SLV had a bearish day in the market. However, I was half hoping for this continued pull back and for a bounce. It appears I may have gotten both. Today's candlestick pattern is a bearish body with a long lower shadow. This produced what I think are two good things for me. First, the long lower shadow dipped down low enough for my low ball purchase order to get executed. Second, a candlestick with a long lower shadow is usually a reversal indicator. It is possible that I just got in at the very bottom of this pull back of 10% so far.
As for my paper trades in the Options Market, I have mixed results. PCS pulled back just a little pit on light volume. The secondary indicators suggest that the channel it has been in may continue to be it's home for some time now. S, however, rose on strong volume. It officially started and stopped above the 200-day moving average. There is precedence that once a stock does this, the value starts to take off. Also, it has established itself in an upward trend that is more than steep enough to make money on every up turn.
Overall, I am almost done weaning myself off of Naked Calls. All that is left is FPL. Following that my use of Options will be to sell against stock that I do have, and collect the premiums. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP had a slightly bearish day. The price movement was only slightly down on light volume. It remains on the upper side of a very narrow channel. The momentum seems to be shifting down, but only slowly. It will need to have bigger moves on much higher volume to sway my current opinion on it.
CVX had a bounce off of it's 50-day moving average for a bullish day. This bounce, however, occurred after I got myself stopped out of the Call Option for a loss greater than 50%. The volume on this bull move was light and the price movement was modest. I don't believe it is reversing yet. I think this was only a small pull back.
EVEP had a very bullish day. It rose well above the upward trending resistance line of the channel it had been traveling in. The volume was above average and the secondary indicators are in agreement with the likelihood of more future growth. The only negative is the long upper shadow that was formed as the stock pulled back late in the trading day. Everything being considered, I believe it will probably be pulling back to test the support at the resistance line it just blew through. After that, I believe it most likely will continue to run.
FPL had a modest bull day. The movement was enough to get the bid and ask of my option on it to move higher, but it doesn't seem like anyone was interested in buying or selling. The official last price on the option was unchanged. I can't let myself get too comfortable with these option plays, so I tightened up the stop-limit order to match the increase in the bid and ask so far.
MU had a fractionally bearish day in the market. Strangely enough, it still affected the underlying Call Option I have Sold-To-Open against it. The volume has been weak the past few trading days and the secondary indicators have been gradually turning downward. I am finding it hard to believe that the stock is not in the process of a pull back to under the $8 strike price of my option. The questions I don't have an answer for is, how long will it take to get to that level and how long before it goes up again.
SLV had a bearish day in the market. However, I was half hoping for this continued pull back and for a bounce. It appears I may have gotten both. Today's candlestick pattern is a bearish body with a long lower shadow. This produced what I think are two good things for me. First, the long lower shadow dipped down low enough for my low ball purchase order to get executed. Second, a candlestick with a long lower shadow is usually a reversal indicator. It is possible that I just got in at the very bottom of this pull back of 10% so far.
As for my paper trades in the Options Market, I have mixed results. PCS pulled back just a little pit on light volume. The secondary indicators suggest that the channel it has been in may continue to be it's home for some time now. S, however, rose on strong volume. It officially started and stopped above the 200-day moving average. There is precedence that once a stock does this, the value starts to take off. Also, it has established itself in an upward trend that is more than steep enough to make money on every up turn.
Overall, I am almost done weaning myself off of Naked Calls. All that is left is FPL. Following that my use of Options will be to sell against stock that I do have, and collect the premiums. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Thursday, December 3, 2009
Portfolio Update
Today was a weak day in the market with relatively small loses and the result for me was mixed.
CPLP had an up day. The end result was a profit for me. From my analysis, there is plenty of potential for some dramatic gains, so I will continue to hold on to it.
CVX had a down day, and this brought down the value of my Call Option. As it stands, CVX closed at the first of two of it's most consistent trend lines of support. Although past behavior is not indicative of future results, it does, suggest the most likely action to take place. And since bouncing up after hitting this support line is the most common reaction, it is likely that it will go up tomorrow. Now, if it breaks down further, then I will begin to consider protecting what's left of the principal.
EVEP had a down day. The end result is that I am a little bit in the red with it. The current overall trend is bullish while the stock is going toward the supporting trend line of it's channel. Due to the secondary indicators that I watch, I have the opinion that the stock may be in the process of pulling back. Since my position in it is small, and it pays a large dividend, I am going to wait this out.
FPL had a down day. Since I a Call Option on the stock, the value of my position also lost value. The price movement of the day, however, did not drop below the resistance level that it broke through the day before. Although the secondary indicators suggest the stock is becoming overbought, I am positive about future potential for upward gains. It could just be defining a new resistance trend line for a bullish trend. I still have time left on my option and plenty of value before my stop-limit order get triggered, so I will let it ride until the stop-limit order gets triggered or I get more reason to sell.
MU almost had a really up day, but pulled back before the close to result in a very long upper wick. The wick is actually longer than the body of the candle stick. This could mean that the stock has exhausted the number of bulls currently in the market place. And since the general direction of the stock for the past month has been up, it is likely that the stock is going to perform a pull back to it's supporting trend line before moving up. If it breaks below that supporting trend line, then this could be the signal that indicates the end off it's run. I personally don't see it breaking below that supporting trend line. It may not even fall below $7.75. Neither direction means anything to me as I am looking forward to getting the non-dividend paying stock called away from me for a little capital gain or to sell another call option against it if it drops below the strike price of the current Call Option before and through expiration.
SLV had a down day. It's price movement resulted in a doji star below the previous day. Since it has currently been in an up trend, such candle sticks carry little influence by themselves. However, secondary indicators suggest that the current run could be due for a pull back. Such a pull back doesn't seem to be all that drastic of a move. It will probably be no more than a $1 per share. Anything more than that should be considered seriously.
As for my paper trading in the options market, both stocks that I am watching for that have pulled back today.
PCS pulled back only a few cents so there is still some strength behind it according to the secondary indicators. The option value didn't move any so I am leaving it in place.
S, on the other hand, still continues to pulled back. Even though it started out making some gains, S ended the day down. When it topped out two weeks ago, it created a slightly declining resistance trend line. At this point I could revise my contingency price lower by 5 cents. But because it is such a shallow descent, I am leaving the contingency price as is. I will wait for it to break $3.95 on the stock before the option get bough. I should be in this position within the next 5 to 10 days. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP had an up day. The end result was a profit for me. From my analysis, there is plenty of potential for some dramatic gains, so I will continue to hold on to it.
CVX had a down day, and this brought down the value of my Call Option. As it stands, CVX closed at the first of two of it's most consistent trend lines of support. Although past behavior is not indicative of future results, it does, suggest the most likely action to take place. And since bouncing up after hitting this support line is the most common reaction, it is likely that it will go up tomorrow. Now, if it breaks down further, then I will begin to consider protecting what's left of the principal.
EVEP had a down day. The end result is that I am a little bit in the red with it. The current overall trend is bullish while the stock is going toward the supporting trend line of it's channel. Due to the secondary indicators that I watch, I have the opinion that the stock may be in the process of pulling back. Since my position in it is small, and it pays a large dividend, I am going to wait this out.
FPL had a down day. Since I a Call Option on the stock, the value of my position also lost value. The price movement of the day, however, did not drop below the resistance level that it broke through the day before. Although the secondary indicators suggest the stock is becoming overbought, I am positive about future potential for upward gains. It could just be defining a new resistance trend line for a bullish trend. I still have time left on my option and plenty of value before my stop-limit order get triggered, so I will let it ride until the stop-limit order gets triggered or I get more reason to sell.
MU almost had a really up day, but pulled back before the close to result in a very long upper wick. The wick is actually longer than the body of the candle stick. This could mean that the stock has exhausted the number of bulls currently in the market place. And since the general direction of the stock for the past month has been up, it is likely that the stock is going to perform a pull back to it's supporting trend line before moving up. If it breaks below that supporting trend line, then this could be the signal that indicates the end off it's run. I personally don't see it breaking below that supporting trend line. It may not even fall below $7.75. Neither direction means anything to me as I am looking forward to getting the non-dividend paying stock called away from me for a little capital gain or to sell another call option against it if it drops below the strike price of the current Call Option before and through expiration.
SLV had a down day. It's price movement resulted in a doji star below the previous day. Since it has currently been in an up trend, such candle sticks carry little influence by themselves. However, secondary indicators suggest that the current run could be due for a pull back. Such a pull back doesn't seem to be all that drastic of a move. It will probably be no more than a $1 per share. Anything more than that should be considered seriously.
As for my paper trading in the options market, both stocks that I am watching for that have pulled back today.
PCS pulled back only a few cents so there is still some strength behind it according to the secondary indicators. The option value didn't move any so I am leaving it in place.
S, on the other hand, still continues to pulled back. Even though it started out making some gains, S ended the day down. When it topped out two weeks ago, it created a slightly declining resistance trend line. At this point I could revise my contingency price lower by 5 cents. But because it is such a shallow descent, I am leaving the contingency price as is. I will wait for it to break $3.95 on the stock before the option get bough. I should be in this position within the next 5 to 10 days. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
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