Tuesday, March 23, 2010

XLY psar bull signal

The exchange-traded fund that tracks the discretionary consumer spending sector, XLY, is behaving (no surprise) as a mirror image of the retail sector, XRT, which I analyzed earlier today.
trendadxpsarppsmacdmacd
trend
stosto
trend
XLY $32.58

The points in common: Psar bull signal after a one-day bear whipsaw, high adx (37 in XLY's case), macd in bull mode but declining toward the zero line, uptrend that began Feb. 5, heavy congrestion to the upside.


A point of difference: The sto for XLY has already moved from overbought to neutral.

For Watchlist purposes, I'll track XRT as the more heavily traded issue.

You are here:
  • Reversal
    • $35.11, +7.8%
    • $33.76, +3.6%
    • $32.93, +1.1%
  • Now $32.58
  • Reversal
    • $32.08, -1.5%
    • $30.80, -5.5%
    • $29.90, -8.2%
    • $28.21, -13.4%
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.

No comments:

Post a Comment