A new bull signal on Treasury long bonds (TLT), and a bear signal on gold (GLD). Otherwise, nothing to add to this morning's discussion of the indicators.
No new signals on the currency pairs (EUR/USD and USD/JPY)
Three January bull positons -- AET, HPQ, VALE -- have pulled back from peaks. I'm thinking of closing the positions.
LVS, a January covered call, is showing a bear signal, and prices remain in a sideways range.
KO, a January iron condor, has moved back in to max profit territory.
UNG, my December covered call, is trading well above 10. The call is a 9 strike, so the position will be exercised by whoever bought the call.
High-volume stocks and etfs priced $20 and above:
- QQQQ, bear signal, uptrend
- EEM, bear with a downward gap, uptrend
- JPM, bear, downtrend, but already at resistance
- MSFT, bear, uptrend
- MJN, bear,sideways trend, on the fourth day following a bull signal; confused puppy mode
- FCX, bear, amid a sharp pullback following an uptrend, the day following a bull signal; drunken sailor mode
- PG, bear, uptrend, on the fourth day following a bull signal (no more metaphors)
- FDX, bear, uptrend, on a gap down following earnings
- VWO, bear on a gap down, uptrend
- MOS, bear, sideways with some deep fluctuations
- DTV, bear, uptrend
- IVV, bear, uptrend
- XLI, bear, uptrend
- XLV, bear, uptrend
- VOD, bear, uptrend
- AXP, bear, uptrend
- GPS, bear (but no gap), trend change (maybe) from up to down
- DIA, bear, uptrend
- COF, bear, sideways following a strong uptrend
JPM is the only trend following trade in the batch, and since it is already at resistance, I don't find it to be compelling.
No covered call scan today.
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