Thursday, November 19, 2009

11/19 Morningline

It may be a very interesting day.

Holdings:
  • GE closed for a profit
  • UNG remains in bull mode with falling prices.
Indicators:
  • SPY (blue chips) shows an early pps bear signal, unconfirmed by the mfi. However, with the mfi in overbought territory, a simple downturn in the indicator would give confirmation.
  • VIX (fear index) has flipped into bull mode on the pps, confirmed by the rsi, with an 11% increase at the market open. This is bearish for stocks.
  • GLD (gold) remains in bull mode, but with a falling price.
  • EUR/USD remains in bear mode, and USD/JPY in bull mode, with the price of each in a range.

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