Tuesday, November 17, 2009

11/17 Watchlist

Holdings: RF, GE still in bull mode (and GE's price is still stalling). No new signals.

Indicators: SPY, GLD, and USD/JPY remain in bull mode, TLT, the VIX, and EUR/USD in bear mode. No new signals.

ETFs:
  • UNG, the natural gas ETF, shows a bull pps signal confirmed by an mfi breakout of oversold territory. It's trading at about 9.30, with a decline today, and shows support at 9.00 and resistance at about 11.00.

Companies:
  • DELL announces earnings during trading on Wednesday. I'll be monitoring near the close today for a signal to generate a possible earnings play.
A reminder of the current strategy:

pps & mfi:
If Person's Proprietary Study, an indicator based on pivot points, shows an arrow then open the position if the mfi is crossing from overbought or oversold within the last five trading days. Exit upon a reversing pps arrow. If earnings release is scheduled within a week, then the mfi need only move in the direction of the pps signal, without regard to overbought or oversold condition.

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