1/7 Morningline: New signals on dollar-yen, semiconductors

A new potential pps bull signal on the yen per dollar (USD/JPY) currency pair, on the second day following a bear signal. A potential pps bear signal on SMH, the semiconductors etf, a bull holding.

Blue chips (SPY) remain in bull mode and open barely changed from yesterday's narrow trading range.The price, trending sideways the last three days, is pulling away from the rising upper Bollinger band.

Corporate junk bonds (JNK) continue their price rise (interest rate decline)for the fourth day, as the price marches along an uptrending upper Bollinger band.

Otherwise, a quiet opening.

Indicators:

• Blue chips (SPY) open at 113.50, entered bull mode at close on Jan. 4 (at 113.33)
• Fear index (VIX) 19.68, bear (bullish for stocks), Jan.5 (19.35)
• Treasury long bonds (TLT) 89.22, bull, Jan. 5 (90.39)
• Corporate junk bonds (JNK) 39.85, bull, Jan. 4 (39.32)
• Gold (GLD) 111.07, bull, Jan. 4 (109.08)
• Oil (USO) 40.96, bull, Dec. 16, (36.74)

Currency pairs:

• Dollars per euro (EUR/USD) 1.4407, bear, Dec. 4 (1.49)
• Yen per dollar (USD/JPY) 92.3 rising to 93.4 before pulling back a bit, bear, Jan. 5 (91.69)

Holdings, January expiry:

• KO, iron condor (p50/-p52.5/-c57.5/c60) 56.33, bear, Dec. 29 (57.74)
• LVS, covered call (-c16) 17.85, bull, Jan. 4 (16.62)
  
• SBUX, bull put spread (p22.5/-p24) 23.28, bear, Dec. 30 (23.31)
  
• SMH, bull put spread (p27.5/-p29) 28.09 and falling to 27.76, bull, Dec. 21 (27.62)

Holdings, February expiry:

• MRVL, bull put spread (p20/-p22.5) 21.60 and falling to 21.20, bull, Nov. 25 (15.90)
  
• VALE, bull put spread (p30/-p32) , bull, Dec. 24 (28.93)

Topics: S&P 500, SPDR, Spiders, Treasury bonds, high-yield corporate junk bonds, gold, precious metals, oil, petroleum, Coca-Cola, Las Vegas Sands, gambling, resort, Starbucks, coffee, semiconductors, Marvell Technology, Vale, Brazil, Mining.