The markets are marking time today. There's little change in my indicators since this morning. I've added the telcom company AT&T to the Watchlist, as well as to my holdings, and kicked Texas Instruments off the island.
The watchlist.
Showing posts with label TXN. Show all posts
Showing posts with label TXN. Show all posts
Monday, March 8, 2010
Friday, March 5, 2010
3/5 Watchlist
A very late posting because of connectivity problems earlier today.
Blue chip stocks (SPY) traversed 1.1% low to high today after gapping up at the open. Today's high was 1.4% above yesterday's.
The move propelled SPY to within 0.8% of the $115.14 high that ended a 10-month run-up beginning at $67.10 in March 2009.
Blue chip stocks (SPY) traversed 1.1% low to high today after gapping up at the open. Today's high was 1.4% above yesterday's.
The move propelled SPY to within 0.8% of the $115.14 high that ended a 10-month run-up beginning at $67.10 in March 2009.
Thursday, March 4, 2010
3/4 Watchlist
The indicators continue in the paths they entered at the open. Just another day in low-volatility paradise. (I, however, am a high volatility person. This little touch of Heaven, for my style of trading, reeks a bit like Hell.)
The watchlist.
The watchlist.
Wednesday, March 3, 2010
3/3 Watchlist
Every time I look at the blue chips chart today, my brain just swings into a rendition of the itsy bitsy spider song. You know the one, "Itsy bitsy spider, climbed up the water spout".
Today's SPY candlestick looks like an itsy bitsy spider hanging by a silken thread from the 78.6% Fibonacci retracement line.
Of course, we all remember the next line of the song: "Down came the rain, and washed the spider out," no doubt at least to the 61.8% retracement level.
Who'd'a thought that Fibonacci retracements could be applied to spider analysis.
Today's SPY candlestick looks like an itsy bitsy spider hanging by a silken thread from the 78.6% Fibonacci retracement line.
Of course, we all remember the next line of the song: "Down came the rain, and washed the spider out," no doubt at least to the 61.8% retracement level.
Who'd'a thought that Fibonacci retracements could be applied to spider analysis.
Tuesday, March 2, 2010
3/2 Watchlist
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.
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.
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.
Tuesday, February 23, 2010
2/23 Watchlist
Blue chips stocks (SPY) have retraced slightly from today's low, and long-term Treasury bonds (TLT) have broken out of the recent range.
SPY was trading 1.6% below the near-term high st Monday, at an area of support set in late January. If it can break down past that level, then the next support is from $108 to $106, or 1.7% below the current price.
TLT has traversed 1.4% low to high so far today. The higher price for these 20- and 30-year Treasuries mean an expectation of lower interest rates. The media narrative gives great credence to a disappointing consumer confidence survey released before the market open, and in the case of TLT, I suspect that's a valid analysis.
SPY was trading 1.6% below the near-term high st Monday, at an area of support set in late January. If it can break down past that level, then the next support is from $108 to $106, or 1.7% below the current price.
TLT has traversed 1.4% low to high so far today. The higher price for these 20- and 30-year Treasuries mean an expectation of lower interest rates. The media narrative gives great credence to a disappointing consumer confidence survey released before the market open, and in the case of TLT, I suspect that's a valid analysis.
TXN pulls back
Semiconductor giant TXN is showing the same pull back from a high as the sector's etf SMH did, a few days after moving into overbought territory.
Monday, February 22, 2010
2/22 Watchlist
Indicators are all trading as they were this morning, mainly within very narrow ranges. This is not a day to set the heart pounding. Volatility has gone missing. And good riddance, I say.
The wonderful thing about trading options is that Volatility can go missing and I can still make a profit. Iron condors, diagonal spreads, calendar spreads, covered calls -- are are ways to gain premium from selling options when stock prices are barely moving.
These are all high probability trades.
The wonderful thing about trading options is that Volatility can go missing and I can still make a profit. Iron condors, diagonal spreads, calendar spreads, covered calls -- are are ways to gain premium from selling options when stock prices are barely moving.
These are all high probability trades.
2/22 Follow-up
A follow-up on the issues mentioned in Friday morning's scan:
The four stocks identified as overbought on the money flow index remain in overbought territory, with no change in macd signal nor any price breakout.
The one macd bull signal issue is in its second bull-mode day, without a price breakout.
The four stocks identified as overbought on the money flow index remain in overbought territory, with no change in macd signal nor any price breakout.
The one macd bull signal issue is in its second bull-mode day, without a price breakout.
Friday, February 19, 2010
2/19 Watchlist
Blue-chip stocks (SPY) continues to bump against the $111.30 level, in a region of resistance dating back to November 2009. The money flow index is pointing toward the oversold level, the macd continues to move higher into bull territory, and volatility continues to decline.
Altogether, SPY has risen 6.7% in nine days.
Treasury long-term bonds (TLT) are trading narrowly at the upper end of the range set yesterday.
Altogether, SPY has risen 6.7% in nine days.
Treasury long-term bonds (TLT) are trading narrowly at the upper end of the range set yesterday.
TXN overbought
TXN has moved into overbought territory on the money flow index. The macd continues in bull territory for the seventh day.
TXN has seen a smooth rise since Feb. 5, with only a single down day -- Feb. 17 -- when the price hit upside restance at around $25. This is an area of congestion that ran from November 2009 into January of this year. It was also the target of a downside gap in a major earnings-inspired price break on July 23, 2008.
TXN has seen a smooth rise since Feb. 5, with only a single down day -- Feb. 17 -- when the price hit upside restance at around $25. This is an area of congestion that ran from November 2009 into January of this year. It was also the target of a downside gap in a major earnings-inspired price break on July 23, 2008.
Tuesday, February 9, 2010
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 . . .
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 . . .
Wednesday, December 9, 2009
12/9 Watchlist
New signals among the high-volume stocks and etfs, with pps signal, mfi confirmation status, and price pattern:
Or, as the option addict Jeff Kohler said yesterday in a plaintiff scream of agony, "Get me the hell out of this range. Please."
AET, which was on yesterday's watchlist with a bull signal, opened this morning at upside resistance and then declined to within yesterday's trading range. It didn't decisively pierce resistance, so no trade.
My holdings:
X, a January bear call spread (c41/-c40), is showing a bull signal with a push up to near-term resistance. If it pushes through, I'm closing.
HPQ, a January bull put spread (p49/-p50), is showing a bull signal today, after a bear signal yesterday. The issue is clearly in super-whipsaw mode, as it has given three signals in four days. I'll hang on for now pending some sort of price confirmation.
UNG and KO are about where they were in the morningline.
No new signals on the indicators.
The USD/JPY currency pair continues to show a bear signal confirmed by the rsi.
- TXN, bear, confirmed, counter-up-trend retracement
- PEP, bear, confirmed, counter-up-trend retracement
- T, bear, unconfirmed, counter-up-trend retracement
- WMT, bear, confirmed, counter-up-trend retracement
Or, as the option addict Jeff Kohler said yesterday in a plaintiff scream of agony, "Get me the hell out of this range. Please."
AET, which was on yesterday's watchlist with a bull signal, opened this morning at upside resistance and then declined to within yesterday's trading range. It didn't decisively pierce resistance, so no trade.
My holdings:
X, a January bear call spread (c41/-c40), is showing a bull signal with a push up to near-term resistance. If it pushes through, I'm closing.
HPQ, a January bull put spread (p49/-p50), is showing a bull signal today, after a bear signal yesterday. The issue is clearly in super-whipsaw mode, as it has given three signals in four days. I'll hang on for now pending some sort of price confirmation.
UNG and KO are about where they were in the morningline.
No new signals on the indicators.
The USD/JPY currency pair continues to show a bear signal confirmed by the rsi.
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