In our holdings, GE and RF continue in bull mode, with GE's price stalling.
Indicators:
SPY, for blue chips, and GLD, for gold, remain in bull mode, both capping up this morning. The VIX remains in bear mode (which is bullish for stocks).
TLT, for bonds, is in bear mode (prices down, rates up), and the mfi has reversed so it now matches the pps again.
Currencies: EUR/USD in bear mode, USD/JPY in bull mode, with prices stalling on each.
Showing posts with label General Electric. Show all posts
Showing posts with label General Electric. Show all posts
Monday, November 16, 2009
Thursday, November 12, 2009
11/12 Watchlist
AMD, which I hold, has gapped up $1 to a peak today of $6.73 on news that Intel will pay a $1.25 billion legal settlement. I'll take the profits and run before close today, despite the lack of an exit signal. On occasions such as these, greed overpowers technical analysis every time.
Among high-volume issues, RF shows mfi confirmation a few days after a bull signal. The NYSE reports share imbalances on the buy side. Trading now at $4.78, the price shows resistance at $5, $5.20 and then blue skies up to $5.90. Support stands at about $4.70.
Holdings GE, HD and IWM remain in bull mode, although IWM is showing a price reversal.
No new entry signals among the high-volume ETFs. (Entry signal meaning a Persons Proprietary Signal confirmed by the MFI bouncing out of overbought or oversold territory.)
No signals yet on the two symbols on watch from Wednesday, UNG and PALM.
Among high-volume issues, RF shows mfi confirmation a few days after a bull signal. The NYSE reports share imbalances on the buy side. Trading now at $4.78, the price shows resistance at $5, $5.20 and then blue skies up to $5.90. Support stands at about $4.70.
Holdings GE, HD and IWM remain in bull mode, although IWM is showing a price reversal.
No new entry signals among the high-volume ETFs. (Entry signal meaning a Persons Proprietary Signal confirmed by the MFI bouncing out of overbought or oversold territory.)
No signals yet on the two symbols on watch from Wednesday, UNG and PALM.
11/12 Morningline
Ah, the dawn of a new day (or on the West Coast, the dismal darkness before the dawn).
Among our holdings...
Among our holdings...
- GE and IWM show price stalls but no exit signals, with the mfi still rising
- AMD and HD remain in bull mode
- USD/JPY shows a bull signal, although the mfi is not bouncing out of oversold territory. So, by my rules, no entry.
- SPY, QQQQ, GLD and the EUR/USD currency pair remain in bull mode.
- TLT and the VIX remain in bear mode.
Wednesday, November 11, 2009
11/11 Watchlist
A paucity of signals as we approach showtime on this Veterans Day holiday.
Our holdings -- AMD, GE, HD and IWM -- remain on track with no new signals.
UNG and PALM show bullish reversals of the mfi from oversold territory, but no entry signal. Good to keep on eye on.
Among the broader indicators, TLT (Treasury long bonds) shows a bull signal, but the reversal doesn't come from oversold territory, so it's no entry by my rules. Otherwise, no new signals for SPY, GLD, EUR/USD and USD/JPY.
Our holdings -- AMD, GE, HD and IWM -- remain on track with no new signals.
UNG and PALM show bullish reversals of the mfi from oversold territory, but no entry signal. Good to keep on eye on.
Among the broader indicators, TLT (Treasury long bonds) shows a bull signal, but the reversal doesn't come from oversold territory, so it's no entry by my rules. Otherwise, no new signals for SPY, GLD, EUR/USD and USD/JPY.
11/11 Morningline
I'm predicting a slow, trade-free day on this Veterans Day. But let's run the lists....
In the broad markets, SPY, tracking the blue chips, remains in bull mode, as does GLD for gold and TLT for long bonds. All are confirmed by the money flow index (mfi).
In the currencies, the Euro remains bull mode, confirmed by the relative strength index, against the dollar (EUR/USD), and the dollar remains in bear mode against the yen, but unconfirmed by the rsi, which has turned up this morning.
Our four current holdings -- AMD, GE, HD and IWM -- remain in bull mode confirmed by the mfi.
In the broad markets, SPY, tracking the blue chips, remains in bull mode, as does GLD for gold and TLT for long bonds. All are confirmed by the money flow index (mfi).
In the currencies, the Euro remains bull mode, confirmed by the relative strength index, against the dollar (EUR/USD), and the dollar remains in bear mode against the yen, but unconfirmed by the rsi, which has turned up this morning.
Our four current holdings -- AMD, GE, HD and IWM -- remain in bull mode confirmed by the mfi.
Tuesday, November 10, 2009
Holdings
There are a lot of stalls in my remaining holdings.
The earlier sale of CSCO and NVDA broke the exit rule -- neither had a Persons bear signal -- but they were earnings plays, and that fundamental factor overrode the rule for me.
Note to self: Change the rule.
To be a private trader is to be infinitely flexible. They're your rules. You can change them. Or not.
- AMD and IWM show price stalls, but the indicators remain bullish.
- GE shows a price stall and an MFI reversal.
- HD is going great guns, but the day is showing a spinning top candlestick pattern, which indicates a chance of reversal.
The earlier sale of CSCO and NVDA broke the exit rule -- neither had a Persons bear signal -- but they were earnings plays, and that fundamental factor overrode the rule for me.
Note to self: Change the rule.
To be a private trader is to be infinitely flexible. They're your rules. You can change them. Or not.
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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