Investor's Opinion
Portfolio Update
Published: 2010-03-16 21:13:00 EDT by Unknown
EVEP had a bullish day on less than average volume. The price movement started out bearish but closed bullish for a fair gain. The Stochastic indicator is still way overbought and actually climbed back above its signal line. The MACD indicator stayed near its signal line but didn't cross over it. This $33 level seems to be perpetuating a significant resistance level.
SLV had a very bullish day as it gaped up on below average volume. The price movement was bearish after the initial open but only by a few cents. The Stochastic indicator turned up toward its signal line but did not cross above it. The MACD indicator also turned up but did not cross above its signal line. Since the Stochastic is overbought, I am not currently inclined to believe that this out of the ordinary move is going to continue up toward or past the strike price of the call option I sold against my shares.
My paper trades where a mixture as usual. ISPH had a bearish day which reduced the value of my shares but depreciated the value of the call options is "sold" against them. S had a bearish day which depreciated the value of the options I "bought." AUO had a very bullish day but the lack of options trading against it prevented the value of the call option I "bought" from going up. GLW had a bullish day, returning some of the value to the call options I "bought." GME had a bearish day as it resists the opportunity to go above $20, causing a slight depreciation in the value of the call option I "bought." LEAP had a another moderately bullish day, but because of lack of option trading, the value of my call option is unchanged. That is my opinion, you can take it or leave it.
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Labels: MACD, option picks, option strategies, paper trade, Stochastic, stock picks, stock strategies, updateUpdated: 2010-03-16 21:56:35 EDT
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