6/2 Morningline: Stocks and Bonds

Blue chip stocks are trading narrowly at the open, at price levels in the lower half of yesterday's range. The S&P500 exchange-traded fund, SPY, is shoiwng an early bear phase on Person's Proprietary Signal, after three days in bull phase.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SPY $107.66
VIX 34.47
TLT $97.16

At 9:55 a.m. Eastern

The fear index (VIX) is down 3% from yesterday's close, which is bullish for stocks.

Treasury long-term bonds are trading narrowly in the upper half of yesterday's range, with the macd in bear territory for a second straight day.


Indicator 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

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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
• sto - Fast Stochastic

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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