Investor's Opinion

Portfolio Update

Published: 2010-03-11 21:11:00 EST by Unknown

CPLP had a bullish day on less than average volume. The price movement was solid but not nearly strong enough to reach higher than yesterday's open. The Stochastic indicator reacted favorably to the price movement and crossed above it's signal line. The MACD indicator moved higher above it's signal line, as well. This is looking like no more than a slight pull back.

EVEP had a bullish day on less than average volume. The price movement was solid and advanced slightly higher than expected but not by much. The Stochastic is still holding steady at it's overbought price and the MACD indicator is continuing to extend higher. I am still sceptical that it will advance any extraordinary amount above it's current price. A pull back is due.

SLV had a bullish day on less than average volume. The price movement was solid but only advanced slightly higher than the previous day's close. As a result both the Stochastic and MACD indicators are still pointing down and are below their signal lines. I believe further pulling back is probable although it may just oscillate below the $17.50 range for a little while.

My paper trades saw some potential profit today. ISPH went up today for the third day in a row since the release of their earnings. As a result the shares I "own" are now making profit, but the option I "sold" against it will eat into that if I have to "buy" it back in order to save my shares. I will not be "buying" it back because if it does get "exercised" it will only be closing a profitable transaction since the strike price of the option I "sold" is above the price I "bought" the stock. S had a bullish day but not strong enough to increase the value of the option I "own". My AUO and GLW options had bearish days, and are looking like potential flops. I will "sell" them if they do not turn around, or at least stop going down. MY GME option had a bullish day but the LEAP option was stagnant in it's price movement, holding on to it's current gains. The market's are holding strong, but are very overbought and due for a pull back. That is my opinion, you can take it or leave it.

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Labels: MACD, option picks, option strategies, paper trade, prognostication, Stochastic, stock picks, stock strategies, update

Updated: 2010-03-11 21:45:31 EST