2/11 Watchlist

Blue chip stocks (SPY) moved up sharply today, traversing 1.4% low to high. Shares hit $108.25, topping the $108.15 high set two days ago, and then pulled back slightly.

Treasury long bond (TLT) prices pulled back from their low but remained below yesterday's open. High-yield corporate bonds (JNK) rose to the mid-range of yesterday's decline.

The move in stocks positioned SPY near a short-sell point for swing traders looking to profit from the 3- or 4-day trend reversals. The move comes on the fourth day since the cycle low, $104.58, on Feb. 5, a point that also serve as support for the shares.

A significant pullback before the close today, as I see it, would indicate a bear entry point, either by selling shares short or buying puts. (Traders who hedge could sell a bear call vertical spread.)

Lacking a pullback, I would expect the uptrend to continue in early trading on Friday.

2/9 Watchlist

SPY (blue chip stocks) whipsawed higher and lower before retreating to the upper end of yesterday's trading range. Altogether, the exchange-traded fund plowed through three-quarters of a percent, low to high.

Long-term Treasury bonds (TLT) are down, indicating an expectation of higher interest rates ahead.

Crude oil (USO) has gapped up and is trading 3% above yesterday's close. Gold (GLD) is also on the rise, as are emerging markets.

The dollar is up smartly above the euro (EUR/USD), but against the yen is holding close to yesterday's trading range.

To the scans. Here's what's interesting in high-volume . . .

2/5 Watchlist

The indicators I follow are all undergoing aftershocks after yesterday's marketquake.

SPY down, TLT up, JNK down, GLD down, USO down, EEM down.

Yesterday's moves were mainly blamed on the debt crisis in the euro zone, especially Greece. Today's reports are following the same line.

But I wonder. Search the Google News archive for last year and you'll find plenty of news stories about the debt crisis in Europe. This is old news.

1/11 Watchlist: SBUX losing it's bite

• EUR/USD keeps its bull signal
• Indicators little changed from the Morningline
• January holdings, possible closes:
  
• KO jumps up toward top of profit range
• SBUX falls toward no-caf, no profit
  

 All holdings that expire in January must be sold, except for those that I intend to allow to expire worthless or whose exercise would be profitable. My LVS covered call (-c16), for example, will be exercised, so no action is needed.

The KO jump  brings it up to 56.13. The iron condor (p50/-p52.5/-c57.5/c60) has max profit up to 57.5.

SBUX is trading at 23.02, about 2% below the profit point. It's a tough decision. There is no pps bear signal, although the macd is in bear territory and the stochastic is moving that way. But, the price bounced a bit off of resistance at 22.87, so maybe there's hope.

Here's what's interesting among the high-volume . . .