Closed HD +6.5%

I've closed HD at 27.33 for a profit of 1.67, or 6.5% in six trading days. Not too shabby.

Holding RF, GE & Closing HD

I'll continue to hold RF, which remains in bull mode.

The price weakness in GE appears to be news-driven, based on reports concerning negotiations with Comcast to divest NBC.

HD earnings will be announced pre-market on Monday. Although it is still in bull mode, the price is stalling and the NYSE is reporting an imbalance on the sell side. Buy on the rumors, sell on the trumpets, is the conventional wisdom. Monday morning is trumpet time.

No change from my earlier analysis of JNPR. I think it has already made it's move, and I won't take the trade.

11/13 Watchlist

I'm using the pps/mfi combo for this watchlist.

Among holdings,

• RF has gotten past the ghost signals of this morning and remains in bull mode.
• GE remains in bull mode, but prices are showing topping behavior. I may exit.
• HD remains in bull mode.

No entry signals among the ETFs trading 5 million shares or more.

Stocks trading above 10 million shares:

• JNPR, a confirmed bull signal at 26.13, with resistance at 26.50 and support at about 25. I don't like the risk/reward ratio, and the price hit 26.50 at one point today. Most likely I'll pass. $1 spread on the options strikes for this issue.

Indicators:

• SPY (blue chips) and GLD (gold) remain in bull mode.
• The VIX (fear index) remains in bear mode (bullish for stocks).
• TLT (long Treasuries) remain in bear mode (but check out the mfi).
  
• EUR/USD remains in bear mode.
  
• USD/JPY remains in bull mode (although the price has retaced all of yesterday's gains).
  

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.

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.

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.

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.

Holdings

There are a lot of stalls in my remaining holdings.

• 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.

I'm hanging on to all of these for now, because none have met my exit rule: A bear signal on the Persons PPS, my principal indicator.

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).