Investor's Opinion

Portfolio Update

Published: 2010-03-12 20:12:00 EST by Unknown

CPLP had a bullish day on better than average volume. The price movement saw a large dip but recovered and gained some before the close. The Stochastic and MACD indicators both gained grown. The stagnant position seems to be continuing and believe it will continue until next week.

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, update

Updated: 2010-03-12 20:45:03 EST