We had very positive technical signs go off on a number of portfolio positions today.  We also had bearish divergences go off in a few positions we recently initiated small short positions. I have written at length on RSI divergence as one of the few technical indicators I find useful.   Divergence the best technical indicator.   The following positions all showed bullish or bearish RSI divergences today:




Bullish RSI Divergence

NAV Navistar at $51.89

INTC Intel at $21.01

IO ION Geophysical Corporation at $8.03

TMV Direxion 30 YR Treasury Bear 3X at $34.32  (note this has not been very reliable)

MDT  Medtronic at $37.47

TYO Direxion 10 Yr Treasury Bear 3X at $38.08

PLCE Children’s Place at $43.69

LOGI  Logitech at $10.61

Bearish RSI Divergence

OFIX Orthofix at $42.07

LULU Lulemon at $106.80

ULTA Ulta Salon Cosmetics and Fragrance at $62.88

TPX  Tempur-Pedic at $66.30