Tze: (2011-10-31 Trading Day) – Submit your questions and comments in our comment section through the comment link.
Stock Highlights:
1. Bank of America Corp NYSE:BAC
BAC’s ATR peaked while in the downtrend, indicating a change a trend maybe taking place. It’s now over the 20 & 50 SMA breaking its downtrend. The stock has a steller ranking of no.8 out of 3,517 in our stock ranking model.
2. NYSE:YUM Yum! Brands, Inc.
Yum Brand is struggling to make new highs and we could argue it is currently exhibiting a potential H&S pattern. The stock ranks poorly in the stock ranking model with a ranking of 3,475 out of 3,517.
Key Leveraged ETF Highligt:
1. AMEX:YCS ProShares UltraShort Yen (ETF)
The Japanese government is intervening to stop the Yen’s relentless appreciation. Current YCS ranks in quintile 2 of the leveraged ETF model. Currently, we still do not see any signs of a reversal in YCS, but it may be in a bottoming process.
