Tuesday, November 10, 2009

11/10 Morningline

In early going, the large caps (SPY) continue in bull mode; the price is pausing after Monday's upward move.

Also in bull mode, with the momentum indicators turning contrary: GLD, EUR/USD.

Long bonds (TLT) continue in bear mode, as does the USD/JPY currency pair. In the case of bonds, the money flow index has begun to move contrarywise, along with a rising price.

Among my holdings, still in bull mode: AMD, GE (contrary mfi), HD, IWM (with a contrary mfi), CSCO and NVDA (whose mfi is now back in a bullish direction).


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