Wednesday, November 11, 2009

11/11 Morningline

I'm predicting a slow, trade-free day on this Veterans Day. But let's run the lists....

In the broad markets, SPY, tracking the blue chips, remains in bull mode, as does GLD for gold and TLT for long bonds. All are confirmed by the money flow index (mfi).

In the currencies, the Euro remains bull mode, confirmed by the relative strength index, against the dollar (EUR/USD), and the dollar remains in bear mode against the yen, but unconfirmed by the rsi, which has turned up this morning.

Our four current holdings -- AMD, GE, HD and IWM -- remain in bull mode confirmed by the mfi.

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