12/1 Morningline

Welcome December, a month that historically is among the most bullish of the year. For 2009, we shall see.

Holdings:

• bb/mfi analysis:
  
• GLD has moved back above 117 to a new all-time high, with the mfi still pointing down. Watching closely.

• pps/mfi analysis:
• KO has moved up to slightly above my iron triangle's high-end profit point (at expiration) of 57.5
  
• UNG has declined to below 9 again and remains profitable by a healthy margin.

Indicators (pps/mfi):

• Bear mode: VIX (fear index, bullish for stocks),
  
• Bull mode: SPY (blue chips), GLD (gold), TLT (Treasury long bonds)

Currencies (pps/rsi):

• EUR/USD bull mode
• USD/JPY bull mode (although the price has dropped 3 points since the pps signal was given). Watch this pair, as the rsi has fallen into oversold territory and is reversing, a bullish sign.
  

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.

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.