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August 5 Activity Report

August 5, 2008
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Activity Report by Kathy P
August 5, 2008

Our expectancy so far is 65% losers, 35% 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 46.6. The near-term line and the momentum line are headed up.  The momentum line is way up in the upper reversal zone.  Sentiment line still heading down – it’s lower than it has been for 2 years.

At this point we have 3 equal highs on the SPX and 2 higher lows.

Portfolio $ Change Today +$991 – up is good!

Portfolio Today $44,206 — minus 11.6% 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
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:
none

New Buy Orders Placed with Stop Loss:
Buy 187 ABT @ 28.71, stop loss 53.99 – order to stand through Friday, August 6

Existing Unfilled Buy Orders:
none

Expired Buy Orders:
none

Notes/Comments:
FLIR  – opened higher, sellers pushed it down below yesterday’s low, then buyers pushed it on up – not quite a piercing line.  It’s below R1 on the large bearish candle from yesterday.

CMED broke above resistance with a large bullish candle.  Yea!.

FCN moved up a bit.  Earnings coming 8/6.

PRXL – moved up just a bit.  Heading into earnings on 8/6 AMC.

ABT has 3 greens – it’s in the Major Drugs sector

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