Other psar bear signals

There are other psar bear signals that I don't plan to analyze today, simply because they're either sidewinders or counter-trend. There's nothing among them that I would be tempted to play for my own account.

Here's the list, and my assessment of the trend.

2/8 Watchlist

SPY, which tracks the S&P 500 index of large companies, has barely budged all day. The macd technical indicator remains in bear territory, and has spent the last three days without a clear direction.

The 20-day moving average has moved below the 50-day, a bearish sign, and both are trending downward. The money flow index (mfi) has dived below the 20-line, indicating an oversold condition. The slow stochastic, having pushed above it's 20-line, has reversed course and is heading down again.

All in all, not a happy time for stocks, if you're bullish at least. Neutral to bearish, let the good times roll!

12/15 Watchlist

Indicators, currency pairs and holdings are showing no new signals since the Morningline.
Mobile phone companies showed bear signals after reports that Google plans to enter the cellphone hardware and service business. Among the high-volume stocks and etfs:

• BBY, bear signal on a gap down following earnings guidance; the stock has shown three signals in five days. The stock has been on an uptrend since June, so a bull signal after a pullback would be playable.
  
• VZ, bear, uptrend since October
  
• T, bear, uptrend since July
  
• GILD, bear, pretty much sideways since February
  
• XLE, bull, downtrend since October
  
• BK, bear, sideways, mainly, all year
  
• FLR, bull, downtrend since July
  

The number of new signals is something of an indicator. Compared to yesterday, today is a yawner.

BBY, VZ and T  might be playable on the next bull signal, if accompanied by price/volume confirmation, but the bear signal is counter-trend, something I'm avoiding these days.

The rest are either counter-trend or stocks going nowhere, and so don't pique my interest.

Looking more closely at my holdings:

UNG, my remaining December option, just keeps rising. In hindsight, better to have held the shares rather than hedging with a covered call (-c9). Go figure.  Even so, I'll profit from the covered call when the shares are drawn away from me after the option's last trading day, Friday.

At current prices, it would cost net 0.14 to exit UNG and the covered call, against a net 0.39 profit if I wait until expiry.

The bull put spreads:

• AET (p31/-p32)  is bumping up against resistance set last January. I'm holding for now but will close at the first sign of a price pullback. 
• HPQ (p49/-p50) has hit resistance set in November, and I'll be fairly hair-trigger about closing that position as well.
• VALE (p30/-p31) is trading within the range set yesterday, when I opened the position

X, a bear call spread (c41/-c40) is toying with upside resistance set in September. If it bumps through then I'll close for a loss. The stock flipped into bull mode on the fourth day after I opened the position.

KO, an iron condor (p50/-p52.5/-c57.5/c60), sits at a resistance level set in May 2008 and remains above max profitability, proving yet again that an iron condor has double the risk of beaking your heart. It can be unprofitable on both the upside and the downside.