MM

P's Bull-Bear Tasks

Friday, May 22, 2009


Here is a list of those stocks gaining the most RSI percentage over the last 5 days
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Thursday, May 21, 2009

Retail Short

I see retail charts have triggered short today. You can pull up the retail index and see for yourself. This action puts me in the bear camp for retail stocks...
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Thursday, May 7, 2009

S&P update


This chart shows why it might not be wise to open new longs. Possible bump into resistance.
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Oil

Currently oil has been running in a range for some time now. I see a bow tie trying to forum off the daily. I would not get too excited about it until it breaks the range highs and has a nice orderly pull back. Anyway oil might be worth keeping an eye on…

XAU

XAU

Market Pulse 03/06/09

XAU daily suggests a stiff pullback, now what I don’t like about the current bullish action is the drifting in price action. Short term bias is short under March 6 low.


030209

I see a sell signal in the S&P500 as price has violated old lows. Here is a 2 day chart with stocks above or below their 40 pma (Green line). Price is the yellow line and the RS of the 40pma (Red). What I’m looking is the hard right edge. Notice the cross down, this suggests more downward pressure.