Wednesday, April 21, 2010

4/21 Morningline: Other Indicators

The minerals, gold (GLD) and oil (USO), are stairstepping up for a third day but remain below the resistance levels set last weeks.
trendadxpsarppsmacdmacd
trend
stosto
trend
JNK $40.14
GLD $111.87
USO $40.56
EEM $42.62
EUR/USD $1.3399
USD/JPY ¥93.10
At 10:13 a.m. Eastern

The signals have both in bear phase.

High-yield corporate debt (JNK) and emerging markets are trading within their respective ranges.

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The euro-dollar forex pair (EUR/USD) is down slightly, the dollar-yen pair (USD/JPY) up slightly. The signals are mixed: EUR/USD since April 16 has shown a pps bear signal amid a psar bull phase. USD/JPY this morning is showing a pps bull signal amid a psar bear phase.

Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic


Exchange-Traded Fund Symbols:
EEM - emerging markets
EUR/USD - euro/dollar currency pair
GLD - gold
JNK - high-yield corporate bonds
SPY - blue-chip stocks
TLT - Treasury long-term bonds
USD/JPY - dollar/yen currency pair
USO - crude oil
VIX - fear index


About the glance: The colors indicate the state of each signal.

  • trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
  • adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
  • psar, pps, macd: green for bull mode, red for bear
  • sto: green for overbought, red for oversold, yellow for the neutral zone.


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