3/23 Morningline

Indicators spanning the range of human aspiration from stocks and fear to gold, oil and currency speculation were unmoving this morning. Each traded at the open within the ranges set over a period of several days.

Change, I can believe in it. No change, I can believe in that as well, but it's hard to turn a profit on neutrality.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SPY $116.56
TLT $91.08

At 9:56 a.m. Eastern

Blue chip stocks (SPY)) opened within today's DeMark pivots range of $115.92 to $117.48. A close above or below the range would constitute, respectively, a bull signal or a bear signal.

The fear index (VIX), a measure of the S&P 500's volatility, closed showing a psar bear signal yesterday on a decline that traversed 8.6%. It stood this morning, trading narrowly, at the lower end of that range. The more bearish the VIX, the more bullish it is for stocks, or so the conventional wisdom goes. My two holdings, MCO and PALM, are trading within Monday's range.

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	trend	adx	psar	pps	macd	macd trend	sto	sto trend
JNK $39.50
GLD $107.65
USO $39.45
EEM $41.31
EUR/USD $1.3516
USD/JPY ¥90.40

At 10:05 a.m. Eastern

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
mfi - Money Flow Index
sto - Fast Stochastic   

About the indicators: SPY tracks the S&P 500, TLT: 20- and 30-year U.S. Treasury bonds, JNK: High-yield corporate debt, GLD: gold, USO, oil, EEM: emerging markets, EUR/USD: how many dollars to buy a euro, USD/JPY: how many yen to buy a dollar.


About the glance: The colors indicate the state of each signal.

• trend: green for up, red for down, yellow for sideways
• adx: green for above 30-up, red for 20-down, yellow 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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