Wednesday, December 2, 2009

12/2 Morningline

Holdings:

GLD has gapped up again and pierced the upper Bollinger band. I'll be closing the position for a loss today.

KO is showing a pps bull signal, a reversal of the bear signal three days earlier.

UNG has dropped to about 8.90 and is showing a pps bear signal, confirmed by a mid-chart reversal of the mfi. It remains 3.1% above base, which is 8.62.

Indicators:

Bear mode: TLT (Treasury long bonds), VIX (fear index, bullish for stocks)
Bull mode: SPY (blue chips), GLD (gold)

Currencies:

EUR/USD is in bull mode, as is USD/JPY, although with a price well below that when the signal was given.

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