Friday, February 26, 2010

2/26 Watchlist

Blue chip stocks (SPY) are mainly comatose at the top of Thursday's trading range. Long-term Treasury bonds (TLT) are trading at upside resistance set in late January and early February.

All in all, it's shaping up to be calm ending to a somewhat stormy week. But how could a week during which Ben Bernanke testified three times on Capitol Hill be anything but stormy?

The watchlist:


Macd bull signal:
Macd bear signal:
  • XHB, analysis. Rose 3.2% today low to high. (I have a bear position on this issue, and today's high is 0.7% below my stop/loss point.)

Money-flow index overbought:
  • CSCO, analysis. Top of yesterday's range.
  • SBUX, analysis. Top of yesterday's range.
  • SMH, analyses 1, 2. Opened above yesterday's range and then retraced.
  • TXN, analyses 1, 2. Within yesterday's range. About 4% above support.
  • XRT, analysis. Retraced a bit from today's high and open to now is trading within a 1-cent range.



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Money-flow index oversold:


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    Topics:
    S&P 500, SPDR, Spiders, Treasury bonds, AK Steel, Alpine Total Dynamic Dividend fund, Boston Scientific medical devices health, Cisco networking, Ford Motor automotive, Gannett newspapers media, Potash Corp. of Saskatchewan, Starbucks coffee, Semiconductor HOLDR, Texas Instruments semiconductors, Wells Fargo bank financial, homebuilders retailers, natural gas.

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