Showing posts with label gold. Show all posts
Showing posts with label gold. Show all posts

Monday, November 16, 2009

11/16 Morningline

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.

Thursday, November 12, 2009

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.

11/12 Morningline

Ah, the dawn of a new day (or on the West Coast, the dismal darkness before the dawn).

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
Among the indicators...
  • 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.
No early entry set ups among the high-volume ETFs or individual issues.

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.

Tuesday, November 10, 2009

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).