3/9 Morningline

Gold (GLD) is showing a psar bear signal this morning, a day after a pps bear signal. Today's signal came on a gap down that saw GLD open 0.7% below Monday's close.

The macd remains in bull territory although it is in its fourth day of decline toward the zero line. The sto on Monday moved below the overbought line, a bear signal.

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Abbreviations:
pps - Person's Proprietary Signal, ma20 - 20-day moving average, macd - Moving Average Convergence-Divergence, mfi - Money Flow Index, sto - Fast Stochastic

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Otherwise, my major indicators are opening barely changed and trading in a narrow range: Blue chip stocks(SPY) down, Treasury long-term bonds (TLT), oil (USO) down, everywhere a global yawn except for the dollar-yen (USD/JPY) currency pair, which saw the dollar decline 0.8% against the Japanese currency.

To the numbers, at about 10 a.m. Eastern . . . Indicators: Blue chip stocks etf (SPY) is trading at $114.10, entered psar bull mode at close on Feb. 11 (at $108.13) Fear index or volatility (VIX) 17.96, bear (bullish for stocks), Feb. 17 (21.72) Treasury long bonds (TLT) $89.91, bull, Feb. 25 ($91.20) Corporate junk bonds (JNK) $39.30, bull, Feb. 22 ($38.91)  Emerging markets (EEM) $40.98, bull, Feb. 3 ($39.40) Gold (GLD) $109.23, bear, March 9 ($tbd) Oil (USO) $39.45, bull, Feb. 16, ($37.20)

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Forex currency pairs:

• Dollars per euro (EUR/USD) $1.3576, bull, March 3 ($1.3696)
• Yen per dollar (USD/JPY) ¥89.81, bear, Feb. 25 (¥89.07)

Stock option holdings, March expiry:

• AKS, iron condor (p19/-p20/-c25/c26), $24.18, bull, March 3 ($22.81)
• GCI, covered call (-c15), $16.18, bull, Feb. 16 ($14.80) 
• T, bull put spread (p25/-p26), $25.55, bull, March 8 ($26.28)
• WFC, iron condor (p26/-p27/-c29/c30), $28.72, bull, Feb. 22 ($28.01)

Zombies:

• MCO, long shares, $28.00, bull, March 5 ($28.11) 
• PALM, long shares, $5.73, bear, Feb. 18 ($9.62)
  

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