4/19 Morningline: Holdings

My May bear play, EEM, continues to fall nicely. It just warms an old trader's heart to see a stock heading south.

The bull plays for May are less heart-warming. The psar on BBY remains bullish, but the macd and stochastic are weakening, as is the (ahem) price. The same with GE. There are more than 30 days to go until expiration, so I'll continue to hold these positions.

PALM, a former zombie stock left over from a failed covered call, has now become a special situation play, with all the take-over talk. The pps is flashing bear today on my shares, but the psar remains in bull phase. The macd and stochastic are weakening.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
AOD $9.24
BBY $45.13
EEM $43.25
GE $18.88
JNK $39.64
MCO $26.99
NLY $16.01
PALM $5.16

At 10:36 a.m. Eastern

My true zombie, MCO, continues to fall. The shares were the basis of a profitable covered call that expired over the weekend. At this point I need a strike price of $29 or higher in order to sell a covered call. I'll hold the shares until they bump back up to that level.

I'm seeing some weakening in my dividend plays AOD and JNK. The third div holding, NLY, has been in trouble for awhile.

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AOD has not yet reached the point where I would exit. The parabolic sar has switched to bear phase, but the average directional index is low and so this issue is prone to whipsaws.

JNK shows bull phase on the psar, but the Person's Propietary Signal is shoiwing a bear marker. Again, this issue is whipsaw prone.

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 glance: The colors indicate the state of each signal.

• trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
• adx: orange for above 30-up, blue for 20-down, purple 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.

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