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July 25 Activity Report

July 25, 2008
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NJ Investools Paper Trading

Activity Report by Kathy P
July 25, 2008

Our expectancy so far is 67% losers, 33% winners, +10% per winner, – 8% per loser

Current Group $SPX Posture:
BEARISH  – we changed it at the meeting which is supposed to mean (folklore) that we are about to go bullish.  We’ll see!

Market forecast – intermediate line is out of the lower reversal zone but kinda going sideways.  The near-term and momentum lines are in the lower reversal in a weak bullish cluster.  Sentiment line still heading down.

Markets very choppy today, low volume.  SPX candle is under R1.  We didn’t even get to the 50% Fib.  We hit the 38.2% and backed down to under the 23.6% Fib.

Portfolio $ Change Today: -$692

Portfolio Today $44,036 — minus 11.9% 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  – went down a bit more, small candle.

CMED is going sideways, heading into earnings on 8/2. It actually has a miniscule profit!

FCN moved down some more.  The long tail on the day’s candle is a bad print.  It only went to 69.83, which is above the moving average.

TITN is down a bit.

MR has 3 greens but moving average is down trending.

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