A typical holiday week. Volume is drying up prior to Veterans Day, and a few tumbleweeds have been spotted rolling down Wall Street. SPY volume is just shy of 130 million, compared to more than 228 million a week ago.
I'm thinking to close the two earnings plays of last week, CSCO and NVDA, simply because they're aging. The reason for the trade is gone.
No signals on the high-volume ETFs or individual company shares with strikes a dollar apart. (I mean, no signals, not no valid signals.)
So, bottom line: No trades opened today. Possibly a couple of closures in the last half hour.
Showing posts with label Cisco Systems. Show all posts
Showing posts with label Cisco Systems. Show all posts
Tuesday, November 10, 2009
11/10 Morningline
In early going, the large caps (SPY) continue in bull mode; the price is pausing after Monday's upward move.
Also in bull mode, with the momentum indicators turning contrary: GLD, EUR/USD.
Long bonds (TLT) continue in bear mode, as does the USD/JPY currency pair. In the case of bonds, the money flow index has begun to move contrarywise, along with a rising price.
Among my holdings, still in bull mode: AMD, GE (contrary mfi), HD, IWM (with a contrary mfi), CSCO and NVDA (whose mfi is now back in a bullish direction).
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