4/22 Watchlist: Stocks

Two additions to the Watchlist today: COH and XRT in the bull list.

I had one wash, GE, and a failure, UNG. One of the stocks of interest has been dropped, COST, having outlived its reason for being on the Watchlist.

Stocks that showed Parabolic SAR bull signals:

• A, analysis.
• COH, analysis. New today.
• F, analysis.
• * GE, analysis. Trading in a very narrow range with a parabolic sar bear signal. By the Watchlist rules, I'm exiting for a 0.3% gain. The bull signal was a WASH. (I also hold a bull call spread position, and I'm not exiting that but shall instead adjust it if the price moves down.)
• KBE, analysis.
• KRE, analysis. A nice rise today to a new high on the three-month chart.
• * QQQQ, analysis.
• WSM, analysis.
• XLE, analysis. I pegged this as a $56 to $60 iron condor. It is above the max-profit range.
• XLY, analysis.
• XRT, analysis. New today.

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Stocks showing a Parabolic SAR bear signal:

• CIEN, analysis.
• * EEM, analysis.
• UNG, analysis. This etf is showing a bull flag from Person's Proprietary Signal, which will often go hand in hand with a switch in the psar. I'm exiting with a 4% loss from theoretical entry. The bear signal was a FAILURE. (You know, UNG has done this to me before. I think it is an etf of evil karma.)

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. The stock did a 1.7% price spike today. So I'm removing from the Watchlist. Since it was added as a stock of interest, I don't take a success or fail rating. The low was 1.3% below theoretical entry, on a day that saw a lower low and a higher high with a net rise. For the careful trader, that would have been a signal to exit, I think.
• FNM, analysis. Agnostic. FNM is developing some volatility again, having moved 5.9% intra-day low to high. The price pattern remains consistent with a symmetrical triangle
• * 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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