On the final trading day of 2009, the market took a hit. But I don't have anything to complain about. This is how my portfolio fared.
CPLP had a bullish day on below average volume. This continued to push the Stochastic and MACD indicators up. The close of the day was at the most recent high. I believe with the opening of 2010 there will be some more upside gains with CPLP, but I don't think it will be too dramatic.
EVEP had a bearish day on below average volume. This continued to pull the Stochastic and MACD indicators down. I believe that EVEP is still a strong stock but that it will be pulling down to about $28 dollars.
SLV had a bullish day on below average volume. The bullish move was lacking so much enthusiasm that the Stochastic and MACD indicators are still pointing down. I believe that the depression of the SLV ETF is a result of the poor performance of the retail sector as a result of the economy. Since there were far fewer electronic goods sold during the entire year than was hoped, the purchase of raw silver for all of the applications it is used in was reduced for next years production. I think it is still at a good buying price, it is just waitng for the economy to bounce back.
AEA had another bear day on below average volume, but the move was very small. It didn't take out the low it just put in yesterday. Also the Stochastic indicator is in the oversold range and the MACD is under the zero line. It is possible that a bull move is in the near future. Depending on the volume of that move it may turn out well.
All of my symbols on my watch list of paper trades in the option market are still moving sideways, except for SPIL. SPIL made a bullish gap up and closed a little higher for a total of 9 cents or 1.3% on below average volume. Although this price movement maintained the upward direction of the Stochastic and MACD indicators there was no movement in the option market today, so I am going to wait until next week to see if this was just a fluke. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Thursday, December 31, 2009
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
Wednesday, December 23, 2009
Portfolio Update
This day didn't see much action in the market. As a result there wasn't much movement in my portfolio either. This is how my portfolio fared.
CPLP had another bear day on less than average volume. The stock itself is obviously pointing down. The Stochastic and MACD indicators are pointing down while sitting in the overbought range. During the day the 200-day moving average was touched by the low, but the stock closed a few cents higher. It would be unwise for a capital gains investor to remain in this stock. It is good that I am in for the cash flow from the dividend.
EVEP had a bull day on less than average volume. With the Stochastic and MACD indicators in the overbought range and the MACD already pointing down, it is unlikely that this level will be maintained for much longer. It would be wise for a capital gains investor to be setting a stop. But I am not investing in this stock for the capital gains, either.
SLV had a bull day on on less than average volume. With the Stochastic and MACD in the oversold range and moving sideways. This is what they call basing. It is only a matter of time until it breaks out to the upside.
On my list of option paper trade possibilities, JADE is looking better as its price movement is breaking through the downward trending resistance line that I am tracking it against. The Stochastic and MACD indicators are both in the oversold range, but they are starting to level off and turn. If tomorrow is a strong day I will get into it then. I mentioned SPIL in my last post and instead of a bull day it had a bear day. The Stochastic and MACD indicators are also still over sold, so I am still not entering it.
In regards to stocks I will be getting into, AEA had a bear day, breaking under the upward trending support line I was tracking it against. It looks to be making a base on the horizontal support line I mention I was also tracking it against as well as the downward trending resistance line. The MACD indicator has leveled out but the Stochastic indicator is still declining toward the oversold range, but not yet in it. I am waiting for the price to break above the downward trending resistance line and for the Stochastic and MACD to point up and out of the oversold range. It doesn't look like it will be too far off. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
CPLP had another bear day on less than average volume. The stock itself is obviously pointing down. The Stochastic and MACD indicators are pointing down while sitting in the overbought range. During the day the 200-day moving average was touched by the low, but the stock closed a few cents higher. It would be unwise for a capital gains investor to remain in this stock. It is good that I am in for the cash flow from the dividend.
EVEP had a bull day on less than average volume. With the Stochastic and MACD indicators in the overbought range and the MACD already pointing down, it is unlikely that this level will be maintained for much longer. It would be wise for a capital gains investor to be setting a stop. But I am not investing in this stock for the capital gains, either.
SLV had a bull day on on less than average volume. With the Stochastic and MACD in the oversold range and moving sideways. This is what they call basing. It is only a matter of time until it breaks out to the upside.
On my list of option paper trade possibilities, JADE is looking better as its price movement is breaking through the downward trending resistance line that I am tracking it against. The Stochastic and MACD indicators are both in the oversold range, but they are starting to level off and turn. If tomorrow is a strong day I will get into it then. I mentioned SPIL in my last post and instead of a bull day it had a bear day. The Stochastic and MACD indicators are also still over sold, so I am still not entering it.
In regards to stocks I will be getting into, AEA had a bear day, breaking under the upward trending support line I was tracking it against. It looks to be making a base on the horizontal support line I mention I was also tracking it against as well as the downward trending resistance line. The MACD indicator has leveled out but the Stochastic indicator is still declining toward the oversold range, but not yet in it. I am waiting for the price to break above the downward trending resistance line and for the Stochastic and MACD to point up and out of the oversold range. It doesn't look like it will be too far off. 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
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