11/13 Morningline

Among my holdings, RF once again briefly showed a pps bear signal. I'll be watching this issue closely today. The price action is consistent with either a bottom, or a pause in the downward trajectory. The mfi is bullish on the third day since exiting oversold territory.

The rule on the pps signal is to wait until the bar showing a signal is complete, or nearly so, before acting.

Indicators:

SPY for the blue chips and GLD for gold remain in bull mode (albeit with soft prices).

The VIX remains in bear mode (which is misleading -- a bearish VIX means less fear and so is bullish for the markets. Go figure!).

TLT for the Treasury long bonds remains in bear mode (price down, rates up), although the mfi has turned contrary, that is, upward.

Turning to the currencies, the dollar is strengthening. EUR/USD remains in bear mode, and USD/JPY bull mode.

11/12 Indicators

SPY continues to show bullish on the signals, but the price is diving, much as IWM did.

GLD remains in bull mode, but with a price drop.

The long Treasury bonds continue to show bear mode.

In the currencies...

• EUR/USD is showing a strong price decline with a bear signal confirmed by the RSI.
• USD/JPY shows a bull signal, confirmed by the RSI, amid a price rise.
  

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.

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).