3/8 Watchlist

The markets are marking time today. There's little change in my indicators since this morning. I've added the telcom company AT&T to the Watchlist, as well as to my holdings, and kicked Texas Instruments off the island.

The watchlist.

Psar bull signal (the new signal in my analyses): AMZN, analysis.Trading at $130.77, a move above $131.65 puts it above a near-term resistance level. EWT, analysis. At $12.38 has broken above near-term resistance, clearing the way for a rise up toward  the next resistance, $13.46 EWY, analysis. At $48.74 with a clear shot toward next resistance at $50.54. GDX, analysis. At $46.06 is bouncing off of old resistance, which now counts as support. A break below $46 negates the bull case. HAL, analysis. At $31.47 it's breaking down, negating the bull case. I'll keep it on the list for now, but with further decline will vote it OFF the island. KFT, analysis. At $29.12 it's breaking down. On the list for now, but with further decline, KFT is history, like moldy cheese sandwich.

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

• MGM, analysis. At $11.52 has broken past first resistance. The next r-level is $11.76.
• T, analysis. A new kid on the list, so no change from the analysis. I opened a bull options spread today on this stock.

Psar bear signal:

• INTC, analysis. No breakout.

Macd bull signal:

• AOD, analysis. At $8.85 has broken through the first resistance level; next r-level at $9.20.
• BSX, analysis. No breakout.
• WFC, analysis. Retreated below resistance, so 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:
Alpine Total Dynamic Dividend fund, Amazon amazon.com books, AT&T Telecommunications, Boston Scientific medical devices health, Taiwan, Korea, gold miners, Halliburton oilfield services, Intel semiconductors bum-bum-bum-buh, Kraft processed food, MGM Mirage gaming casino resort, Texas Instruments semiconductors, Wells Fargo bank financial.