12/1 Morningline

Welcome December, a month that historically is among the most bullish of the year. For 2009, we shall see.

Holdings:

• bb/mfi analysis:
  
• GLD has moved back above 117 to a new all-time high, with the mfi still pointing down. Watching closely.

• pps/mfi analysis:
• KO has moved up to slightly above my iron triangle's high-end profit point (at expiration) of 57.5
  
• UNG has declined to below 9 again and remains profitable by a healthy margin.

Indicators (pps/mfi):

• Bear mode: VIX (fear index, bullish for stocks),
  
• Bull mode: SPY (blue chips), GLD (gold), TLT (Treasury long bonds)

Currencies (pps/rsi):

• EUR/USD bull mode
• USD/JPY bull mode (although the price has dropped 3 points since the pps signal was given). Watch this pair, as the rsi has fallen into oversold territory and is reversing, a bullish sign.