Monday, December 14, 2009

12/14 Watchlist

Among the indicators, blue chips (SPY) continues to show a bull signal, but I'm not sure that I trust it. The chart showed a drop at the open from 111.87 down to  105.48, and then a quick recovery back up to slightly below 112. I won't act on the signal until I see some price confirmation.
Otherwise, there are no new indicator or currency signals.

New signals among high-volume stocks and etfs are big on energy, emerging markets, and additions to the S&P 500 index. I find VALE to be the most interesting, because it has the clearest trend, and QQQQ, because of its position as one of the top two etfs:
  • VALE, bull, uptrend since March, pause since mid-November. Wonderful trend. 
Others:
  • XTO, bull on a sharp gap upward on news. Exxon-Mobil announced it would take over XTO Energy.
  • QQQQ, bull, uptrend since March, sideways since late November.
  • EEM, bull, uptrend since March, sideways since mid-November.
  • CHK, bull on a gap up, downtrend since early November
  • MSFT, bull, uptrend since March, sideways since late November
  •  OSK, bear on a decline from 41.42 down to 33, on news about an Army contract
  • WMT, bear, up since early october, sideways since early December. Confused puppy mode: It's the third signal in seven trading days.
  • XLK, bull, uptrend since March. The fifth signal in 15 days; also a confused pup.
  • IYR, bull, uptrend since March, sideways (with some good volatility) since early September.
  • MJN, bull, uptrend since April, sideways since August, and a fair dinkum drop from late September. It was added to the S&P500.
  • PM, bull, up since January, sideways from early September.
  • IWO, bull, up since March.
  • HAL, bull, down since October
  • DVN, bull on a gap up, sideways since October with a drop this month.
  • COP, bull, sideways since October.
  • PG, bull, up since March. This issue has a wonderful uptrend but has been giving some confused puppy signals since September. So, I'd be prepared for a disappointment on this one.
  • APC, bull, downtrend since September.
  • EOG, bull on a gap up, sideways to down since September
  • SWN, bull on a gap up, down since October
Follow-up:
  • ORCL gapped up through resistance today after showing a bull signal on Friday.
  • V gapped up through resistance today after showing a bull signal on Thursday. It was added to the S&P500.
  • APOL rose through resistance after a bull signal on Thursday.
  • BBY blew past resistance after a bull signal on Friday.
No new signals on my holdings.

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