8/30 Morningline

OK. I have my charts back, although they're slow as molasses on a February day in Wasilla, Alaska.

• Fear index moves to bear phase on Person's Proprietary Signal (pps), parabolic sar; to bull phase on the fast stochastic (VIX).
• Treasury long-term bonds turn bearish on two major signals (TLT).
• High-yield corporate debt remains mixed on the pps and psar (JNK).
• Crude oil moves to bull phase on the pps, psar (EEM).
• No new signals on the dollar-yen currency pair despite Bank of Japan emergency action to devalue the yen (USD/JPY).

Many of the signal changes happened in afternoon trading on Friday. The Bank of Japan met to loosen constraints on economic growth and therefore to weaken the yen, improving the position of Japanese exports to the United States and in other dollar-denominated transactions. Says the Market, "No big."

Stocks and Rates

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

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

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.