Despite closing green today (+3%) Cisco Systems Inc. and Avon Products Inc. are still in a downtrend and their Short positions remain valid.
Sprint Nextel Corp. closed slightly lower today (-0.47%) but remains in an uptrend movement.Chesapeake Energy Corp. is still trading above its Sell Stop price of $17.20 so the Long position in the identified uptrend remains in place.
Netflix Inc. recently confirmed uptrend has been cut short and a Sell Stop has been completed today as it traded below the set price of $58.92.
The recently identified uptrend for these stocks is starting to shapeup and showing some returns: CNOOC Ltd, Suncor Energy Inc. and Cheung Kong (Holdings) Ltd .
The Wharf (Holdings) Ltd is advancing in its mild uptrend.
The uptrend triggered last Friday for SNC Lavalin Group Inc. is still valid even though it closed in the red (- 5%); and the downtrend identified for HSBC also remains valid.
Update on previous positions
Update on previous positions
| Buy | Sell | Short | Buy to Cover | 3-Aug | Gain/Loss | |||||
| US | Date | Date | Date | Date | ||||||
| Cisco Systems, Inc. | 5/4 | $19.12 | $16.35 | 16.94% | ||||||
| Avon Products, Inc. | 5/11 | $20.19 | $14.89 | 35.59% | ||||||
| Sprint Nextel Corp. | 5/25 | $2.62 | $4.27 | 62.98% | ||||||
| Chesapeake Energy Corp. | 7/6 | $20.04 | $17.89 | -10.73% | ||||||
| Netflix Inc. | 7/13 | $84.90 | 8/3 | $53.91 | $53.91 | -36.50% | ||||
| CNOOC Limited (ADR) | 7/20 | $202.75 | $201.80 | -0.47% | ||||||
| Suncor Energy Inc. | 7/20 | $30.07 | $31.58 | 5.02% | ||||||
| CANADIAN | ||||||||||
| SNC-Lavalin Group Inc | 7/27 | $39.93 | $38.20 | -4.33% | ||||||
| Hong Kong | ||||||||||
| Wharf Holdings Ltd (4:HK) | 7/6 | HKD 45.30 | HKD 45.35 | 0.11% | ||||||
| Cheung Kong (Holdings) LTD (1:HK) | 7/20 | HKD 102.00 | HKD 103.80 | 1.76% | ||||||
| HSBC Holdings plc (5:HK) | 7/27 | HKD 64.15 | HKD 65.65 | -2.28% | ||||||
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