Friday, November 13, 2009

11/13 Watchlist

I'm using the pps/mfi combo for this watchlist.

Among holdings,
  • RF has gotten past the ghost signals of this morning and remains in bull mode.
  • GE remains in bull mode, but prices are showing topping behavior. I may exit.
  • HD remains in bull mode.
No entry signals among the ETFs trading 5 million shares or more.

Stocks trading above 10 million shares:
  • JNPR, a confirmed bull signal at 26.13, with resistance at 26.50 and support at about 25. I don't like the risk/reward ratio, and the price hit 26.50 at one point today. Most likely I'll pass. $1 spread on the options strikes for this issue.
Indicators:
  • SPY (blue chips) and GLD (gold) remain in bull mode.
  • The VIX (fear index) remains in bear mode (bullish for stocks).
  • TLT (long Treasuries) remain in bear mode (but check out the mfi).
  • EUR/USD remains in bear mode.
  • USD/JPY remains in bull mode (although the price has retaced all of yesterday's gains).

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