4/21 Watchlist: Stocks

Four additions to the Watchlist today: KBE, QQQQ, WSM and XLY. No one voted off the island.

Stocks that showed Parabolic SAR bull signals:

• A, analysis.
• F, analysis.
• * GE, analysis.
• KBE, analysis. New today.
• KRE, analysis. 
• QQQQ, analysis. New today.
• WSM, analysis. New today. Some takeover speculation today.
• XLE, analysis. I pegged this as a $56 to $60 iron condor. It is above the max-profit range.
• XLY, analysis. New today.

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Stocks showing a Parabolic SAR bear signal:

• CIEN, analysis. A large pullback that retraced about half of yesterday's gain, giving more confidence to the bear signal.
• * EEM, analysis.
• UNG, analysis.

Stocks of interest (I wouldn't necessarily trade them):

• COST, analysis. Bear. The rationale for entering was that the price had fallen below the 50-day moving average.
• FNM, analysis. Agnostic.
• * PALM, analysis. Agnostic. Buyout candidate.

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

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