5/3 Morningline: Holdings

Three of my options positions, BBY, GE and QQQQ, took a beating on Friday. BBY opened today at the low end of Friday's range, and continued to slide.

GE popped back up into the middle of Friday's range. QQQQ was up 0.9% from Friday's close.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
BBY $44.88 bull
CIEN$18.94 bull
GE $19.21 bull
JNK $39.94
MCO $25.07 bull
NLY $17.04 div
PALM $5.92 bull
QQQQ $49.64 bull

At 10:49 a.m. Eastern

Time to exit BBY -- Hail and farwell, we hardly knew ye.



CIEN, which rose amid Friday's carnage, rose some more today, pushing past a near-term reversal level.

Dividend play JNK was declining, down 0.6% from Friday's close. NLY, another dividend play and one that has shown sharp declines of late, rose half a percent.

Zombie shares MCO were up 1.5%.

Special situation PALM was trading unchanged. It is in the process of being acquired by HPQ for cash.

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The Investor's Guide to Active Asset Allocation: Using Technical Analysis and ETFs to Trade the Markets

Martin Pring's detailed deconstruction of the economic cycle: What sorts stocks to look for at each stage of the recovery. A masterful analysis.

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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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