Monday, November 9, 2009

11/9 Watchlist

I'm looking to close NVDA. The MFI has turned downward, although the Persons remains bullish. It was an earnings play, and earnings are past. Time to take profits.

A disclaimer: I hate trading during holiday weeks, even those where the market doesn't close. Few people are trading, reducing liquidity. And when it comes to trading, my dream is Water World.

BAC shows a Persons bull signal with an MFI bounce out of oversold territory. Trading at 15.71, already near very near term resistance, with support at 14.12. More distant resistance at 17.50.

RIMM, a Persons bull signal, confirmed by the MFI, trading at 61.84 with resistance at 61.90 and support at 57.50.

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