Wednesday, November 18, 2009

11/18 Watchlist

Holdings:
  • UNG was discussed in the previous post.
  • GE remains in a price stall, with no pps signal and with an mfi tweaking downward.
High-volume ETFs:
  • No new signals.
  • The mfi for GLD has moved into overbought territory, so a pps signal would make it possible bear trade.
High-volume company shares with $1 intervals between options strike prices:
  • S shows a pps buy signal, but I'll most likely pass. It's on news of a legal settlement, and I have an aversion to buying into news, since the stock has already made its move.
  • AXP, SBUX: The mfi has moved into overbought territory, and a pps bear signal would make it a possible trade. Same, almost, with DOW--the mfi was 0.16 shy of reaching the overbought line when it reversed.
Indicators:
  • SPY, GLD, VIX, TLT, EUR/USD, USD/JPY: No change from the 11/18 Morningline.

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