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August 29 Activity Report

August 29, 2008
tags: , , , , ,

Hi all…
I think I missed Thursday…  sorry!  Someone want to run a new search to add stocks to our list?  It’s getting skimpy.  Need a volunteer….  Kathy

NJ Investools Paper Trading

Activity Report by Kathy P
August 29, 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 19.1% while the SPX is down 13.6 %
(1484.25- vs 1282.83)  We’re really behind the S&P!

Current Group $SPX Posture:
NEUTRAL

Market forecast – Intermediate line is out of the upper reversal zone at 67.34 and is pointing down.  The near term line is just coming out of the upper reversal zone and is headed down.  The momentum line is deep in the lower reversal zone.  The sentiment line is rising.

Stochastics and MACD heading down.  30 day moving average headed up.

Portfolio $ Change Today is  PLUS $15 – whoopie

Portfolio Today $40,434 — minus 19.1% 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 still consolidating sideways.

ABT, after a distinct up day on Thursday, gapped lower, buyers tried to push it up but sellers sold into the close and the close was appreciably below the open of Thursday.  So there are 3 reds.  Can’t move the stop up because it would be lower than it is now – it was moved 4 days before.

FCN is still going sideways.

WAB moved up three days in a row and made a small pull-back.  It is the strongest of our stocks.

CMED is moving into a position for re-entry soon.

NO orders to place today.

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