8/19 Morningline

• S&P 500, Nasdaq 100 bull signals bull signals on the fast stochastic are close to negation (SPY, QQQQ0.
• Fear index: Same thing, but in reverse; bear signal nears negation.
• Dollar moves to bear phase against the yen (USD/JPY).

Stocks and Rates

	trend	adx	psar	pps	macd	macd trend	sto	sto zone
SPY
QQQQ
VIX
TLT
JNK

A no-drama morning, 40 minutes to trading. The fast stochastic on the major stock market indicators -- SPY, QQQQ -- moved to bull phase several days ago but have reversed course and pulled back near or in the oversold zone (below the 20-line). The latter case -- below 20 -- negates the prior bull signal. At this point they're dipping below and then retreating above the 20-line. In the tables I've coded them as in the neutral zone.

The VIX is doing the same dance on the fast stochastic, except it's a bull signal that's approaching negation.

Below, oil and gold, and global indicators.

Oil and Gold

	trend	adx	psar	pps	macd	macd trend	sto	sto zone
USO
GLD

Global

	trend	adx	psar	pps	macd	macd trend	sto	sto zone
EUR/USD
USD/JPY
EEM

The USD/JPY bear phase shown by Person's Proprietary Signal counts as a bull phase for the yen, something that can hurt Japan's export-driven economy. More on the forex posting, coming shortly.

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.