AMD, which I hold, has gapped up $1 to a peak today of $6.73 on news that Intel will pay a $1.25 billion legal settlement. I'll take the profits and run before close today, despite the lack of an exit signal. On occasions such as these, greed overpowers technical analysis every time.
Among high-volume issues, RF shows mfi confirmation a few days after a bull signal. The NYSE reports share imbalances on the buy side. Trading now at $4.78, the price shows resistance at $5, $5.20 and then blue skies up to $5.90. Support stands at about $4.70.
Holdings GE, HD and IWM remain in bull mode, although IWM is showing a price reversal.
No new entry signals among the high-volume ETFs. (Entry signal meaning a Persons Proprietary Signal confirmed by the MFI bouncing out of overbought or oversold territory.)
No signals yet on the two symbols on watch from Wednesday, UNG and PALM.
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