3/2 Watchlist

Blue chip stocks (SPY) are hanging from the 78.6% Fibonacci retracement line like a spider hanging from a door frame. The open-to-now range is just a few cents.

Treasury long-term bonds (TLT) have pushed up into yesterday's trading range, recovering nearly all of what they lost on this morning's downward gap.

Gold (GLD) has broken above the trading range set Feb. 16-22 into an area of congestion set in mid-January. Altogether, it has traversed 1.4% today low to high.

GLD has shown a psar bull signal since Feb. 11, is in the third trading day since a pps bull signal, is in a long-running bull mode on the macd, shows the mfi in the neutral zone, and the sto pushing into overbought territory. A break above $113.60, a high set in January, would give the exchange-traded fund a clear shot at $119.50, the next major resistance, for a 5% gain. The watchlist. Psar bull signal (the new signal in my analyses): AMZN, analysis. Unchanged from this morning GDX, analysis. Unchanged from this morning.

Practical, need-to-know real world trading tips on futures, for both the novice and the experienced trader.

Macd bull signal:

• AOD, analysis. Broke out of resistance with a move up to 2.8% above the signal-day close
• BSX, analysis. No breakout.
• F, analysis. Opened higher than yesterday's high and then pulled back. I think it has had its short-term move, and I'll be discontinuing Watchlist coverage.
• WFC, analysis. Broke out of the range, but the price is about equal to the signal-day close, so it would be a wash. Basically, the singnal was given, and then the price slid down a bit. That applies, by the way, not only to the macd but to the psar as well. The pps would have produced a profit.

Money-flow index overbought (bear signal):

• TXN, analyses 1, 2. No breakout

Abbreviations:
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic

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Topics:
S&P 500, SPDR, Spiders, Treasury bonds, Alpine Total Dynamic Dividend fund, Boston Scientific medical devices health, Cisco networking, Ford Motor automotive, Starbucks coffee, Semiconductor HOLDR, Texas Instruments semiconductors, Wells Fargo bank financial.