11/18 Morningline

Holdings: GE remains in bull mode, as does UNG. However, UNG this morning dropped to yesterday's low, and is now showing a candlestick pattern called a spinning top, which generally marks a reversal point. In this case, the reversal would be bullish, so I'm continuing to hold the position for now.

Indicators:

• SPY (blue chips), GLD (gold) remain in bull mode, but with the mfi reversing.
• VIX (fear index) remain in bear mode, which is bullish for stocks.
• EUR/USD remains in bear mode, with with a strong hesitation pattern. The price has been trading in a narrow range for about eight days.
• USD/JPY remains in bull mode, but the price, considered alone, looks bearish.