Thursday, August 12, 2010

8/12 Morningline

  • Stumbling amid the ruins.
  • S&P 500, Nasdaq 100, crude oil: The macd crosses the zero-line to bear phase (SPY, QQQQ, USO).
  • Treasury long bonds: Parabolic sar follows other signals into bull phase (TLT).
  • Dollar/Yen: Fast stochastic gives bull signal, crossing 20-line into neutrality (USD/JPY).

Mostly, the less responsive signalers are catching up to yesterday's sharp moves. The Dollar/Yen bull signal is new and significant. However, the fast stochastic is notoriously fickle (read "volatile").

Stocks and Rates
trendadxpsarppsmacdmacd
trend
stosto
trend
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

Oil and Gold
trendadxpsarppsmacdmacd
trend
stosto
trend
USO
GLD

Global
trendadxpsarppsmacdmacd
trend
stosto
trend
EUR/USD
USD/JPY
EEM

Indicator Exchange-Traded Fund Symbols:
EEM - emerging markets
EUR/USD - euro/dollar currency pair
GLD - gold
JNK - high-yield corporate bonds
QQQQ - Nasdaq 100 index
SPY - S&P 500 index
TLT - Treasury long-term bonds
USD/JPY - dollar/yen currency pair
USO - crude oil
VIX - fear index


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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