BAX, a bull signal yesterday that looked interesting but which I didn't trade, has shown a strong rise for the second day and has pierced resistance set in September.
New signals among other high-volume stocks and etfs, with the direction of the signal and the trend in which it has occurred:
- ORCL, bull, uptrend since March, sideways since October.
- SMH, bear, uptrend since March
- HD, bull, uptrend since March (trading at resistance)
- CTL, bull, uptrend since March (whipsaw from bear signal given three days earlier)
- BRCM, bear, uptrend since March (strong reversal at resistance)
- DIA, bull, uptrend since March, sideways since November (trading at resistance, whipsaw from a bear signal given four days earlier)
- XRT, bull, downtrend since October
- POT, bear, uptrend since October
- AXP, bull, uptrend since March (about $4 away from upside resistance, but this is the fifth signal given in 11 days, so clearly the stock in neither a bull nor a bear but a confused puppy)
UNG, a covered call (-c9) that expires in eight days, has fallen to 9.53 and remains profitable.
Of the January expiry holdings, there are no new signals.
X, a bear spread (-c40/c41), which has moved contrary to my bearish position, is pulling back a bit but remains worrisome.
AET, a bull spread (p31/-p32) that showed a nice rise this morning, has pulled back to within yesteday's trading range.
HPQ, a bull spread (p49/-p50), is stalled at the cusp of profitability.
KO, an iron condor (p50/-p52.5/-c57.5/c60) remains above the range of max profit at expiration.
No new signals among the indicators.