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July 3 Activity Report

July 3, 2008
tags: , , ,

Activity Report by Kathy P
July 3, 2008

Current Group $SPX Posture:
Neutral-Bearish

Market forecast – full bullish divergence 3rd straight day

March 17 low was 1256.98, July 3 was 1252.01 – below that prior low.
(by the way, the prophet charts for the $SPX is missing 7/2 & 7/3 on the daily charts – you have to look at the intraday charts to see the level it went down to)

Portfolio $ Change Today: -$1822

Portfolio % Change Today:

Portfolio Today $47,690 — minus 4.6% from $50,000

Current Positions, Cost Basis, and Stops:

624 PQ @ 17.20, stop loss 19.60
230 FLIR @ 37.45, stop loss 34.99

Buy Orders Filled Today:
none

Stops Moved:
none

Stops Triggered – Closed Positions:
DAR (I missed a red arrow on Wednesday – who’s out there watching for me to make mistakes and tell me???) Anyway, stop should have been moved Wednesday to 15.08) So we stopped out at 15.08 on a spike down. It closed at 15.70 so we were whipsawed out. Depending on how things go that may be good or bad. Loss 1.02 x 325 shares = $351.50 including fees

New Buy Orders Placed with Stop Loss:
none
Existing Unfilled Buy Orders:
none

Expired Buy Orders:
none

Notes/Comments:
FLIR – is in a bull flag pull-back to support after a resistance break-out. Didn’t get any where near our stop.

PQ – Thursday low was 23 and our stop is 19.60 so it didn’t come close despite a huge bearish candle. The candle closed just above the 30 day moving average so no red arrow.

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