11/9 Morningline

No significant economic releases today.

SPY (tracking the SP500) is in the third day of a Persons PPS uptrend. GLD (the gold ETF) is in the sixth day of a PPS uptrend. Both are confirmed by the MFI.

USO (tracking oil) flipped into a PPS downtrend on Friday, unconfirmed by the MFI, and that was two days after entering an unconfirmed uptrend. Bottom line on oils: They are confused puppies who don't know where they want to go. Indecision is the enemy of profit.

In the currencies, EUR/USD is in the fourth day of a PPS uptrend, confirmed by the Wilder RSI, and the USD/JPY is in the 9th day of a confirmed RSI downtrend. (I use the RSI on currencies because they have no volume data, which the MFI requires. The RSI is a volume-less surrogate for the MFI.)

In the portfolio this morning, these positions continue their PPS bull moves:

• AMD, third day of the move, but the MFI has diverged
• CSCO, fourth day
• GE, second day
• HD, third day
• IWM, third day
• NVDA, third day, but the MFI has diverged

11/6 Morningline

NVDA trading this morning at 13.06, up 0.77 (5.9%) from yesterday's purchase, after earnings.

Other bull holdings: CSCO, HD, IWM, AMD

Other bear holdings: None

Bought AMD shares

Bought AMD shares at 4.83.

(The price is too low for an options play.)

11/5 Watchlist: BAC INTC GE HD IWM NVDA

IWM, the Russell 2000 ETF, showing bull mode confirmed by an MFI oversold bounce. Currently trading at 57.20, below a downward-trending MA20, with upside price resistance at 51.50.

NVDA, Nvidia Corp., showing bull mode confirmed by an MFI bounce off the oversold line. Earnings announcement scheduled for after market close. Currently trading at 12.16, below a downward-trending MA20, with upside price resistance at 13.55 and downside support at 11.56. The Risk: A downside earnings surprise, but the technicals suggest current money expects an upsider.

HD, Home Depot Inc., showing bull mode confirmed by an MFI bounce off the oversold line. Now trading at 25.01, below a downward-trending MA20.

AMD, Advanced Micro Devices Inc., showing bull mode confirmed by an MFI bounce off the oversold line. Now trading at 4.79, below a downward-trending MA20

Also watching: BAC INTC GE on MFI oversold bounces without an entry signal.