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September 5 Activity Report

September 5, 2008
tags: , , ,

Activity Report by Kathy P
September 5, 2008
And then there was one…..

Our expectancy so far is 71% losers, 29% winners, +10% per winners, – 9% per losers

Since we began our trading experiment out portfolio is down 21.5% while the SPX is down 16.3%
(1484.25- vs 1242.31)  We’re really behind the S&P!

Current Group $SPX Posture:
NEUTRAL-BEARISH  (I changed the posture and there won’t be any buys.  We’ve broken all kinds of support today and made a super lower low.  After making a double top on the SPX.)

Market forecast – Intermediate line is out of the upper reversal zone at 39.80 and is pointing sharply down.  The near term line and the momentum lines are both exiting the lower reversal zone, pointed up.  The sentiment line is easing upward.

Stochastics and MACD are still going down.

Portfolio $ Change Today is MINUS -$801

Portfolio Today $39,261 — minus 21.5% from $50,000

Current Positions, Cost Basis, and Stops:
187 ABT @ 58.71, stop loss 55.60

Buy Orders Filled Today:
none
Stops Moved:
none

Stops Triggered – Closed Positions:
111 FCN bought @ 74.05, stopped out at 68.03 for a loss of $633
133 WAB bought @ 58.01, stopped out at 51.56 for a loss of $878

New Buy Orders Placed with Stop Loss:
none

Existing Unfilled Buy Orders:
none

Expired Buy Orders:
none

Notes/Comments:

ABT gapped down and produced a piercing line.  It’s the only stock left and is showing a $338 loss.

FCN gapped lower and stopped out at 68.03.

WAB stopped out today after closing down 9.11% on Thursday.  The stop was 51.56 and the loss was $878

NO orders to place today.

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