F bear signal

Ford Motor Co., F, shows a psar bear signal today and is trading 6.8% below yesterday's close.

The signal is confirmed by the sto, which has dropped from overbought to netural, and a declining, though still bullish, macd.
 

	trend	adx	psar	pps	macd	sto
F $13.55

The adx, at 36, is at a level where whipsaws are unlikely. And in the past three months the shortest psar stretch for F has been six trading days.


You are here:

• Reversal
• $14.54, +7.3%
• Now $13.55
• Reversals
• $12.75, -5.9%
• $11.40, -15.9%
• $11.15, -17.7%
• $10.49, -22.6%
• $10.41, -23.1%
• $10.05, -25.8%
• $9.63, -28.9%

The reversals are broadly spaced on the downside, a good thing.

And the move is counter-trend, a reversal from the runup that began last December at $19.63.

I would want to see a higher high and low from today's trading, and then a lower high and low for confirmation of a new trend before I entered a trade.

This signal will be followed in the daily Watchlist, which is posted beginning around 2:45 p.m. Eastern. Look for it at www.timbovee.com.



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.