The EUR/USD and USD/JPY currency pairs both continued their multi-day slides.
There were several new bear signals among the suite of indicators I follow
The VIX fear index, a measure of the volatility of the S&P 500, rose, as would be expected when the blue chips suddenly decline.
Market analyst Kenneth Posner creates a new framework for managing extreme risk based on lessons learned in the recent collapse of capitalist finance.
USO and EEM (emerging markets) each showed Person's Propietary signal in a bear phase this morning. Sometimes the pps can be a fleeting ghost.
The USD/JPY currency pair showed a Parabolic SAR bear signal, a much more stable flag.
| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| VIX 17.72 | ||||||||
| JNK $38.45 | ||||||||
| GLD $111.84 | ||||||||
| USO $41.19 | ||||||||
| EEM $42.01 | ||||||||
| EUR/USD $1.3330 | ||||||||
| USD/JPY ¥93.02 |
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
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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