6/3 Morningline

Blue-chip stocks and high-yield corporate debt inched into bull phase on the macd in early indicators trading marked by little movement off the opening prices. If the phase shifts stand at the end of the day, then they will signal a near-term reversal of the decline since late April.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SPY $110.77
VIX 29.46
TLT $95.22

At 9:50 a.m. Eastern

Stocks up, along with junk bonds, emerging markets and the dollar. Treasury long-term bonds down, along with gold and oil.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
JNK $37.45
GLD $119.09
USO $33.76
EEM $38.89
EUR/USD $1.2245
USD/JPY ¥92.57

At 10:54 a.m. Eastern

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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The Great Reflation: How Investors Can Profit From the New World of Money
OK. The credit bubble burst. Housing, burst. Shockwaves reverberated. Markets collapsed. What lies ahead as we remerge from the wreckage.

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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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