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August 4 Activity Report

August 5, 2008
tags: , , , ,

nasty day IMHO  – Kathy

Activity Report by Kathy P
August 4, 2008

Our expectancy so far is 68% losers, 33% winners, +9% per winners, – 9% per losers

Current Group $SPX Posture:
NEUTRAL-BEARISH  plus intermediate green line on market forecast is out of the lower reversal zone and moving up.

Market forecast – Intermediate line is in the middle zone and going up at 41.66.  The near-term line and the momentum line are in the lower reversal zone – a weak bullish cluster.  Sentiment line still heading down – maybe flattening out a bit.

Portfolio $ Change Today: -$1236

Portfolio Today $43,215 — minus 13.6% from $50,000 – argh!!

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
365 PRXL @ 28.13, stop loss 25.69

Buy Orders Filled Today:
none
Stops Moved:
none

Stops Triggered – Closed Positions:
157 TITN  @ 29.11, stop loss 24.35 – out for a $767 loss

New Buy Orders Placed with Stop Loss:
none

Existing Unfilled Buy Orders:
none

Expired Buy Orders:
none

Notes/Comments:
FLIR  – dropped way below support – large bearish candle. Because of the LONG tail on 7/24, we couldn’t move the stop up on the 3 reds because the stop moves up to 3% below the lowest level in the creation of the 3 reds.  If the stop had been moved higher then it would have stopped out today.  The stop is pretty far down so we’ll probably/possibly stop out with a larger loss.

CMED had a large bearish candle after earnings but it bounced off the 30 day.  According to the investools site, CMED offered mixed guidance.  We’ll see how it does.  It has fresh reds on the MACD and stochastics but not the 30 day since it broke out in early/mid June on earnings.

FCN put in a bullish engulfing candle but sellers pushed it down so it didn’t finish at the high of the day.  Earnings coming 8/6.

TITN broke support with a very large bearish candle and stopped out.

PRXL –Put in a bearish candle but it stopped above S1 on the large bullish candle on Thursday shen we entered.  Heading into earnings on 8/6.

Too bad we aren’t in SINA, SIVB, OSIP, MPWR (jumped up on earnings but we couldn’t enter on the 3 greens because it’s moving average was heading down), BUCY (haha just kidding), AMED.

AMED has broken above resistance and in currently putting in a bear flag.

MA is at a long-term support line.  It could bounce here.

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