Monday, November 30, 2009

11/30 Watchlist

KO shows a pps/mfi confirmed bear signal at 57.06, with resistance at 54 (if it breaks down below the present level) and support at 58.50.

These issues show mfi breakouts that could be set ups for confirmation of a pps signal, if one occurs:
  • Bear: MRK WMT QCOM JNJ DTV
  • Bull: TGT
The only potential trade is a bear position on KO. Decision after 3:30 p.m. EST (12:30 p.m. PST).

Holdings: No action warranted on GLD, which is little changed from this morning. UNG has declined and remains profitable.

Indicators: Indicators unchanged.

No comments:

Post a Comment