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August 27 Activity Report

August 28, 2008
tags: , , , , , ,

Activity Report by Kathy P
August 27, 2008

Our expectancy so far is 73% losers, 27% winners, +11% per winners, – 9% per losers

Since we began our trading experiment out portfolio is down 19.2% while the SPX is down 13.6 %
(1484.25- vs 1281.66)  We’re really behind the S&P!

Current Group $SPX Posture:
NEUTRAL

Market forecast – Intermediate line is out of the upper reversal zone at 68.20 and is going sideways.  The momentum and the near term lines are both down headed up, about in the middle.  The sentiment line is rising.

Portfolio $ Change Today is  PLUS $165 – woo hoo (?)

Portfolio Today $40,419 — minus 19.2% from $50,000

Current Positions, Cost Basis, and Stops:
365 PRXL @ 28.13, stop loss 25.69
187 ABT @ 58.71, stop loss 55.60
111 FCN @ 74.05, stop loss 65.79
133 shares WAB @ 58.01, stop loss 51.56

Buy Orders Filled Today:
none
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:

PRXL is consolidating sideways.

ABT is going sideways just underneath the 30 day moving average.

FCN is going sideways.

WAB moved up the most of all the stocks.

SOHU has a fresh green again but the stock is moving sideways without a volume spike.

PQ has 3 greens (closed above the 30 day today) but it is in a downtrend.  This is probably one of Dave Johnson’s C pattern longs.

NO orders to place today.

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