Investor's Opinion
Portfolio Update
Published: 2010-03-12 20:12:00 EST by Unknown
EVEP had a bearish day on below average volume. The price movement attempted to go higher but completely collapsed creating a lower low before working it's way back up to $32.50. This is a pivotal day for the stock as the Stochastic indicator has been overbought for a while. The MACD reacted to the negative change in price by not moving up at all. I think the pull pack is occurring now or at least will be a very stagnant trend for a stretch of time.
SLV had a bearish day on below average volume. The price movement started higher but could not maintain any gains. It eventually pulled back below high of yesterday but closed a little under it. The Stochastic and MACD indicators both averaged this out into a decrease in momentum. The most likely future behavior seems to be an oscillation between $16.50 and $17.50 a share.
My paper trading saw some depreciation with partial appreciations. ISPH had a bullish day after some bearish trading through the day. I the Call options I "sold" on it are still safe for now. S was bearish and as a result the Call options I "bought" saw a decline a lot greater than expected. It is currently at a resistance level so I am not totally surprised. I will give it another trading day at least. My AUO Call option didn't depreciate any so I will give it a chance to redeem itself. My GLW Call options did depreciate a little bit more, but the chart looks suspicious. To me it looks like a potential "fake out" I want to give them another day. My GME Call option also had a bearish day but only after moving higher first, so the loss was minimal. I will be giving it another day. My LEAP Call option was again unchanged but this time as the underlying stock had a bearish day. Overall my paper trades are seeing profit, I think I am in a good position with time to watch. That is my opinion, you can take it or leave it.
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Labels: MACD, opinion, option picks, option strategies, paper trade, prognostication, Stochastic, stock picks, stock strategies, updateUpdated: 2010-03-12 20:45:03 EST
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