CPLP had a more bearish than recent day on less than average volume. The price movement opened lower and went down practically the whole day but eventually recovered some of the loss. With an official change in price direction put in, the Stochastic indicator has changed directions sharply, pointing towards its signal line. The MACD has also broken below its signal line and the zero line. I believe there will be a decline in this stock to about $8.

EVEP had a strong bearish day on slightly greater than average volume. The price movement opened and then dropped hard. By the end of the day it was only able to recover about half of the losses. As a result, the Stochastic and MACD indicators are both averaging down and are continuing to do so. I believe $30 is a fare estimation of where it will drop to before settling down, but it could also go down as far as $29 before a solid recovery move occurs.

SLV had a strong bearish day on slightly greater than average volume, as well. The price movement, however, did not recover more than 1 cent before the close. As a result, both the Stochastic and MACD indicators turned down sharply. If there is a close below $16.50 at the beginning of next week, I will be certain that the ETF will drop to about $15.70 before it recovers.

My paper trades were as follows. ISPH had a barely noticeable bull move. This could be a flattening point, but I am not going to comment further on the equity. What I am going to comment on is that this today is option expiration and the Call options I "sold" against my shares would not have been exercised against since the $7.50 strike price was not surpassed. As a result those two small contracts, grossed me $20 I can use towards the "purchase" of future paper trades. Finally S had a bearish day, which also resulted in a slight decrease in the value of the Call option I "bought." Although I still have $16 unrealized profit I am willing to risk all of it plus some, because on a weekly basis, the technicals are just now turning up from bottoming. I believe S will be pushing higher for the next two months that I have on the Call options I "bought."

As a recap, last night I "sold" my Call options on AUO, GLW, GME, and LEAP. Today, both GLW and LEAP put in new closing highs. In situations like this it would have been great to put in a trailing stop or contingency stop trade in instead of cold selling. This is when you have to remember that sometimes it is safer to leave money on the table. Especially when dealing with the volatility of options. That is my opinion, you can take it or leave it.

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