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September 12 Activity Report

September 12, 2008

Lots of bear flags: BUCY, CELG, FLS, FSLR, NOV, OSIP, PQ
And sideways consolidation on the way down:  AMED, APH, CMED, FCN, FLIR, MPWR, SOHU, SYNA, WAB
May portend another move  down?  Or a little more down and then back up?  Or, or, or….

$RUT  is sitting on the 50 day and below the 30  and 20 day.
$SPX is below all the moving averages which, other than the 200 day, are all tangled together – strong resistance.
$NDX is way below all the moving averages and setting up a bear flag.
$INDU is like the SPX, bumping up against the tangled 50, 30, 20 day moving averages.

NJ Investools Paper Trading

Activity Report by Kathy P
September 12, 2008

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 22.5% while the SPX is down 15.66%
(1484.25- vs 1251.70)  We’re really behind the S&P!

Current Group $SPX Posture:
NEUTRAL-BEARISH

Market forecast – Intermediate line never quite made it into the lower reversal zone, bounced up and is at 30.4.  The near term line and the momentum lines are both exheaded up and almost up to the upper reversal zone.  The sentiment line is easing upward.

Stochastics and MACD are headed up and the stochastics has a green arrow.  Still, the price is under the 30 day moving average and we are getting lower lows and lower highs.

Portfolio $ Change Today is MINUS -$801

Portfolio Today $38,767 — minus 22.5% 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:
none

New Buy Orders Placed with Stop Loss:
none

Existing Unfilled Buy Orders:
none

Expired Buy Orders:
none

Notes/Comments:

ABT was pushed down by sellers but buyers pushed it back up.  Starting to make higher highs and higher lows and is above the 30 day moving average.

NO orders to place today.

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