3/30 Morningline

The emerging markets exchange-traded fund (EEM) opened just above the top of Monday's range and is displaying a psar bull signal. A pps bull signal showed yesterday.

The signals come amid a narrow sideways trend -- $40.50 to $42 -- that has began March 10.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SPY $117.75
TLT $88.32

At 9:55 a.m. Eastern

Blue-chip stocks (SPY) is trading narrowly at the top of Monday's range. Treasury long-term bonds (TLT) opened down for the seventh consecutive trading day.


Other indicators held closely to their ranges of the last day or two.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
VIX 17.48
JNK $39.81
GLD $108.30
USO $39.88
EEM $41.04
EUR/USD $1.3454
USD/JPY ¥92.87

At 10:03 a.m. Eastern

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Among holdings, dividend play NLY went ex-dividend with the usual gap down equal to the amount of the dividend: 65¢ in this case. However, it continued to fall, traversing 1.4% high to low before pulling back a bit.

The remainder were trading in range. It really is proving to be a very calm week.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
AOD $9.00
JNK $39.81
MCO $30.53
MGM $12.45
NLY $17.07
PALM $3.78
XLE $56.33

At 10:14 a.m. Eastern

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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