3/5 Watchlist

A very late posting because of connectivity problems earlier today.

Blue chip stocks (SPY) traversed 1.1% low to high today after gapping up at the open. Today's high was 1.4% above yesterday's.

The move propelled SPY to within 0.8% of the $115.14 high that ended a 10-month run-up beginning at $67.10 in March 2009.

All technical indicators remain in bull mode, as they have been since mid-February. Both the mfi and the sto are in overbought territory.

Long-term Treasury bonds traced a 0.8% decline high to low. The pps showed a bear signal; the psar and macd remain bullish, and the sto and mfi are in their respective neutral zones.

The dollar rose 1.8% against the yen (USD/JPY) and was little changed against the euro (EUR/USD).

The watchlist.

Psar bull signal (the new signal in my analyses): AMZN, analysis. Paused near the top of Thursday's rise. EWT, analysis. Paused slightly below the first resistance level. A break above $12.31 clears the way for a rise up toward  the next resistance, $13.46 EWY, analysis. The price blew through the nearest resistance level to $48.40, clearing the way for a rise toward next resistance at $50.54. GDX, analysis. Broke past resistance to $48.40. Next resistance is at $51. HAL, analysis. No breakout. KFT, analysis. Paused just below the first resistance point. MGM, analysis. No breakout.

The story of the small breed of math whizzes who conqured Wall Street and nearly destroyed it.

Psar bear signal:

• INTC, analysis. No breakout.

Macd bull signal:

• AOD, analysis. No breakout.
• BSX, analysis. No breakout.
• WFC, analysis. Trading slightly above resistance.

Money-flow index overbought (bear signal):

• TXN, analyses 1, 2. Rose to the top of resistance. This was a bear signal and it's moving bullish, with new psar and pps bull signals. I'm removing from the Watchlist.

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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