Wednesday, November 11, 2009

11/11 Watchlist

A paucity of signals as we approach showtime on this Veterans Day holiday.

Our holdings -- AMD, GE, HD and IWM -- remain on track with no new signals.

UNG and PALM show bullish reversals of the mfi from oversold territory, but no entry signal. Good to keep on eye on.

Among the broader indicators, TLT (Treasury long bonds) shows a bull signal, but the reversal doesn't come from oversold territory, so it's no entry by my rules. Otherwise, no new signals for SPY, GLD, EUR/USD and USD/JPY.

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