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July 24 Activity Report

July 24, 2008
tags: , , , ,

NJ Investools Paper Trading

Activity Report by Kathy P
July 24, 2008

Our expectancy so far is 67% losers, 33% winners, +10% per winner, – 8% per loser – not that hot.

Current Group $SPX Posture:
Neutral-Bearish

Market forecast – intermediate line continues to move up, out of the lower reversal zone, which is bullish.  The near-term headed down and is at about 45.  The momentum line is in the lower reversal zone – went straight down today.  The bearish cluster played out.  Sentiment line still heading down.

Shooting star at the 30 day yesterday played out – we got a huge bearish engulfing candle today.

Portfolio $ Change Today: -$581

Portfolio Today $44,728 — minus 10.5% 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
94 FCN @ 73.21, stop loss 63.88
157 TITN  @ 29.11, stop  loss 23.52

Buy Orders Filled Today:
TITN filled

Stops Moved:
none

Stops Triggered – Closed Positions:
none

New Buy Orders Placed with Stop Loss:
none

Existing Unfilled Buy Orders:
none

Expired Buy Orders:
none

Notes/Comments:
FLIR  –  Had earnings this morning & raised their guidance going forward – another huge bottoming tail – just missed our stop and shot back up.  Three reds today. Can’t move stop to 3% below the tail because that’s lower than the current stop.

CMED closed it’s gap today, heading into earnings on 8/2.

FCN moved down some more.

TITN filled on a spike up, then went down.  Why does that always happen??

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