2/25 Watchlist

This is turning out to be a "don't worry be happy" kind of day.

The blue chip stocks (SPY), having gapped down this moning, have retraced back up into the low of yesterday's trading range.

The fear index (VIX), although far from sanguine, has turned less fearful that it was at the break of day.

Only the dollar has remained true to its intentions, sliding further against the yen (USD/JPY).

Long-term treasury bonds (TLT), while remaining above the recent range, have fallen a bit, indicating a weakening assessment that lower interest rates lie ahead.

(Personally, I can't wait until we reach negative interest rates, when I'll be able to borrow money from the bank, and they'll pay me for taking out the loan. It works that way, right?)

The watchlist:

Macd bull signal: AOD, analysis. No price move yet. BSX, analysis. Gapped down but still trading narrowly. F, analysis. Opened 1.7% below Wednesday's close, and eventually hitting 2.8% below before moving up into the Wednesday range. WFC, analysis. Trading within yesterday's range after moving down sharply (same move as Wednesday). Macd bear signal: XHB, analysis. Retraced the morning's decline and is now trading within Wednesday's range. Today's low of $15.26 could be seen as hitting support, and the subsequent retracement as a bounce. I have a bear position on this stock, and will close if the shares open up tomorrow.

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Money-flow index overbought:

• CSCO, analysis. Trading within Wednesday's range after opening below it.
• SBUX, analysis. The open low then retrace play, like everything else today.
• SMH, analyses 1, 2. Low open then retrace.
• TXN, analyses 1, 2. Gapped down 2.2% below Wednesday's close, and stayed down, trading narrowly. Still about 4% above support.

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Topics:
S&P 500, SPDR, Spiders, Treasury bonds, high-yield corporate junk bonds, AK Steel, Alpine Total Dynamic Dividend fund, Boston Scientific medical devices health, Cisco networking, Ford Motor automotive, Gannett newspapers media, Potash Corp. of Saskatchewan, Starbucks coffee, Semiconductor HOLDR, Texas Instruments semiconductors, Wells Fargo bank financial, homebuilders.