11/19 Watchlist

Holding: UNG continues to drift lower in price, although showing a pps/mfi bull signal, and remains 3% above our 8.62 basis.

Indicators: SPY shows a pps bear signal, unconfirmed by the mfi, which is rising toward the overbought line. Otherwise, no new signals.

*** Person's PS / Money Flow Index possibilities: ***

High-volume ETFs: None.

High-volume company shares: None


*** Bollinger Band / Money Flow Index possibilities: ***

High-volume ETFs:

• SRS shows a bull signal on the bb with the mfi approaching oversold territory.
• GLD shows a bear signal on the bb with the mfi in overbought territory and beginning to reverse.

High-volume company shares:

• WMT shows a bear signal on the bb with the mfi approaching overbought territory.
• POT shows a bear signal on the bb with the mfi reversing within a point of oversold territory (which is very near to the line on a $113 stock).
• DTV shows a bear signal on the bb with the mfi reversing within overbought territory.
• LMDIA, bear signal on the bb, mfi reversing within overbought territory.
• ABX, bear signal on the bb, mfi reversing through the overbought line.
• KO, bear signal on the bb, mfi reversing through the overbought line. (But the mfi turned back up today.)
• NEM, bear signal on the bb, mfi reversing through the overbought line.

Notice how many more signals the bb/mfi combo generates. Not necessarily a good thing.