All three have low adx numbers ranging from 11 to 13 and so stand in whipsaw heaven. That level of adx means that there is no strong trend and the signals have credibility problems.
The euro opened higher against the dollar (EUR/USD) with an adx of 25 indicating a moderate trend. The 5-day moving average, which I use as a short-term trend measure, is down but moderating to sideways.
| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| SPY $117.33 | ||||||||
| TLT $88.72 |
The rest of the indicators opened within Friday's range: Blue chip stocks (SPY), Treasury long-term bonds (TLT), high-yield corporate debt (JNK) and the dollar-yen currency pair (USD/JPY). This is a short week -- of sorts. Next Friday, a Christian holiday, will also be a holiday for the stock market. The bond market, however, no doubt infiltrated by pagans, will be open for business. Forex is forever, of course. That market never sleeps. | A veteran of the markets, writing with the serious trader in mind, details a proven approach to analyzing market behavior, identifying profitable trade setups, and executing and managing trades–from entry to exit. |
| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| JNK $39.73 | ||||||||
| GLD $108.79 | ||||||||
| USO $39.68 | ||||||||
| EEM $41.53 | ||||||||
| EUR/USD $1.3456 | ||||||||
| USD/JPY ¥92.56 |
Among my holdings, NLY -- a dividend play -- has stopped falling and is trading up within Friday's range. The remainder are also range-bound.
| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| AOD $8.97 | ||||||||
| JNK $39.68 | ||||||||
| MCO $30.50 | ||||||||
| MGM $12.46 | ||||||||
| NLY $17.84 | ||||||||
| PALM $3.92 | ||||||||
| XLE $56.04 |
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 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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