Blue chip stocks (SPY) are hanging from the 78.6% Fibonacci retracement line like a spider hanging from a door frame. The open-to-now range is just a few cents.
Treasury long-term bonds (TLT) have pushed up into yesterday's trading range, recovering nearly all of what they lost on this morning's downward gap.
Gold (GLD) has broken above the trading range set Feb. 16-22 into an area of congestion set in mid-January. Altogether, it has traversed 1.4% today low to high.
Showing posts with label F. Show all posts
Showing posts with label F. Show all posts
Tuesday, March 2, 2010
Monday, March 1, 2010
3/1 Watchlist
The blue-chip stocks (SPY) have peaked today at $112, or 0.4% above the previous near-term peak on Feb. 22.
In terms of prices, the pattern has turned ambiguous. It can be seen as a lower high (if prices were to turn down from the $112 level on the daily chart), a continuation of a downtrend.
Or the price could continue up to above the next high, $115.14 set on Jan. 14, in which case a correction of six weeks or so has come to an end and SPY in the uptrend that began in March 2009.
In terms of prices, the pattern has turned ambiguous. It can be seen as a lower high (if prices were to turn down from the $112 level on the daily chart), a continuation of a downtrend.
Or the price could continue up to above the next high, $115.14 set on Jan. 14, in which case a correction of six weeks or so has come to an end and SPY in the uptrend that began in March 2009.
Thursday, February 25, 2010
2/25 Watchlist
This is turning out to be a "don't worry be happy" kind of day.
The blue chip stocks (SPY), having gapped down this moning, have retraced back up into the low of yesterday's trading range.
The fear index (VIX), although far from sanguine, has turned less fearful that it was at the break of day.
Only the dollar has remained true to its intentions, sliding further against the yen (USD/JPY).
The blue chip stocks (SPY), having gapped down this moning, have retraced back up into the low of yesterday's trading range.
The fear index (VIX), although far from sanguine, has turned less fearful that it was at the break of day.
Only the dollar has remained true to its intentions, sliding further against the yen (USD/JPY).
Wednesday, February 24, 2010
2/24 Watchlist
Very little movement of the indicators after the two 10 a.m. Eastern events, Bernanke's testimony on the Hill and the new home sales report.
Blue chip stocks (SPY) are contained within yesterday's trading range. Treasury 20- and 30-year bonds (TLT) have dropped back to within the upper reaches of yesterday's range.
Only oil (USO) is on the move, rising to 0.8% above yesterday's close and traversing 2.1% today, low to high. The weekly petroleum inventory report came out at 10:30 a.m.
Blue chip stocks (SPY) are contained within yesterday's trading range. Treasury 20- and 30-year bonds (TLT) have dropped back to within the upper reaches of yesterday's range.
Only oil (USO) is on the move, rising to 0.8% above yesterday's close and traversing 2.1% today, low to high. The weekly petroleum inventory report came out at 10:30 a.m.
F macd bull signal
F(ord) is showing a macd bull signal and is trading 1.9% above yestreday's close, at $11.82.
The rise came on news of planned job cuts. The money flow index is trading in the mid-range, neither overbought nor oversold.
F has been trading sideways since it hit a peak of $12.14 on Jan. 11 and has generally stayed in a $12 to $11 range, with a overshoots in both directions.
The rise came on news of planned job cuts. The money flow index is trading in the mid-range, neither overbought nor oversold.
F has been trading sideways since it hit a peak of $12.14 on Jan. 11 and has generally stayed in a $12 to $11 range, with a overshoots in both directions.
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