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July 22 Activity Report

July 22, 2008
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Activity Report by Kathy P
July 22, 2008

Current Group $SPX Posture:
Neutral-Bearish

Market forecast – intermediate out of the lower reversal zone and heading up.  The near-term is in the upper reversal zone at 85 going sideways.  The momentum line shot up and is almost in the upper reversal zone.  There is almost a bearish cluster.  Sentiment line still heading down.

Portfolio $ Change Today: -$182

Portfolio Today $45,185 — minus 9.6% from $50,000

Current Positions, Cost Basis, and Stops:
230 FLIR @ 37.45, stop loss 34.99
141 CMED @ 46.05, stop loss 39.78

Buy Orders Filled Today:
none

Stops Moved:
none

Stops Triggered – Closed Positions:
none

New Buy Orders Placed with Stop Loss:
Buy  94 shares FCN @ 73.21, stop loss 63.88, order to stand through7/25

Existing Unfilled Buy Orders:
none

Expired Buy Orders:
none

Notes/Comments:
FLIR  –  Earnings on 7/24 – went below 30 day intraday but closed above – huge bottoming tail

CMED filled – nothing remarkable

FCN 3 greens and volume – looks good and is a buy

MR 3 greens but moving average sloping down

WAB broke out on earnings but we’re not in it L

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