A Watch

Agilent Technologies (A) is showing a parabolic sar bull signal with a 4.6% price increase intra-day unsupported by any news.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
A $35.54

The rise is with the trend, and the average direction index, although less than idea at 27, is at the high end of marginal.

The question always with this sort of signal is, "Has it had it's move already?" For that, I turn to resistance levels.

The bump up puts A deep within a range of congestion set in July 2008. That's around the time that capitalist finance was in the process of collapsing, and you can bet that there were a lot of shares left behind as prices dropped by two-thirds.

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Moreover, it's a price level that has been touched repeatedly in the last five years. There is bound to be a greater supply of shares at that price level than demand will immediately absorb. That suggests the likelihood of a pause.

Yes, that's a prediction, and an invitation eat my words if the rise continues.

I don't plan to trade A, because of that congestion, but I shall add it to the Watchlist to see how my reasoning plays out.

You are here:

• Reversal
• $40.42, +13.7%
• $39.32, +10.6%
• $38.17, +7.4%
• $38.00, +6.9%
• $36.05, +1.4%
• Now $35.54
• Reversal
• $33.88, -4.7%
• $33.55, -5.6%

What would persuade to open a directional positon on A? I t hink a push above the $36.05 level would be fairly persuasive.

This signal will be followed in the daily Watchlist, which is posted beginning around 2:45 p.m. Eastern. Look for it at www.timbovee.com.

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

Exchange-Traded Fund Symbols:
EEM - emerging markets
EUR/USD - euro/dollar currency pair
GLD - gold
JNK - high-yield corporate bonds
SPY - blue-chip stocks
TLT - Treasury long-term bonds
USD/JPY - dollar/yen currency pair
USO - crude oil
VIX - fear index

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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