3/18 Watchlist

A stellar day for the Watchlist: A resounding success, an excellent success and a qualified success. Music to a trader's ears. Champagne corks are a-poppin'.

My indicators are marking time 90 minutes before market close, with two exceptions:

Gold (GLD) showed a new psar bull signal, but no corresponding price breakout. The adx, at 11, is deep into whipsaw territory.

	trend	adx	psar	pps	macd	sto
GLD $110.42

The euro/dollar (EUR/USD) currency pair showed a new pps bear signal with a corresponding decline to the the 20-day moving average. The adx is 21, which is bit of a whippy level, and the sto is nearing the oversold line.

	trend	adx	psar	pps	macd	sto
EUR/USD $1.3622

The watchlist:

Psar bull signal: ADBE, analysis. At $35.78, next reversal point at $36.13. *AOD, analysis. At $9.10, a pullback and a pps bear signal. Next higher reversal at $9.30, next lower at $8.75. It goes ex-div on March 23. The annual dividend, paid monthly, is 15.88%. Last dividend it dropped on ex-div and was back up in three days. GBP/CHF, analysis. New today. At S₣1.6120, next reversal point at S₣1.6291. GBP/USD, analysis. Trading at £1.5239. Next reversal point at £1.5520.

New this week, from the author of Liar's Poker, a look inside the Doomsday Machine.

• GME, analysis. Gapped up hugely and is now trading at $21.21, or 10.6% above theoretical entry. It has spent much of the day pulling back from its high. Next reversal at $24.10. I'm declaring this signal to be a RESOUNDING SUCCESS. (trumpets, confetti, triumphal march)
• INTC, analysis 1 2. At $22.13, paused just below its $22.35 high set on Wednesday. I'm declaring this signal a QUALIFIED SUCCESS (the opening was a bit whipsawish).
• KFT, analysis. Trading at $29.78. Next reversal at $30.10.
• *WFC, analysis. Pulled back to $30.04, or 8% above theoretical entry. I'm declaring this signal an EXCELLENT SUCCESS.
• XLE, analysis. At $58.11, a pullback from the theoretical open of $59. I pegged this as a a $56-$60 iron condor, rather than directional, so it's all good.

Psar bear signal:

• AUD/NZD, analysis. At A$1.2886, slightly but mainly within the prior-day range. Next reversal at A$1.2873.
• EUR/GBP, analysis. New today. At £0.893, next reversal point at £0.8750.

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Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic
 

About the glances: The colors indicate the state of each signal.

• trend: green for up, red for down, yellow for sideways
• adx: green for above 30-up, red for 20-down, yellow for in the middle. Red is most prone to whipsaws
• psar, pps, macd: green for bull mode, red for bear
• sto: green for overbought, red for oversold, yellow for the neutral zone.