4/14 Morningline: Indicators

Grooving in the zone.

That's how the markets are shaping up this morning, like a bunch of old Baby Boomers smoking weed and remembering the '60s.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SPY $120.47
TLT $89.67

At 9:50 a.m. Eastern

Ah, those were the days.

Blue-chip stocks (SPY), slightly above yesterday's narrow range. Treasury long-term bonds (TLT), in the range.

Gold (GLD), oil (USO), high-yield corporate debt (JNK), emerging markets (EEM): All slightly above yesterday's range.

But they're all trading narrowly. They lack conviction. Clearly,  they're equitish heads are in the happy place.

---

Buy--DON'T Hold: Investing with ETFs Using Relative Strength to Increase Returns with Less Risk

Financial consultant Leslie Masonson describes a strategy for actively trading exchange-traded funds.

---

The euro-dollar forex pair (EUR/USD) is within the third day of a range. The dollar-yen (USD/JPY) pair tried to move above the range, but quickly fell back to its recent comfort zone.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
VIX 15.83
JNK $39.88
GLD $113.20
USO $41.14
EEM $43.76
EUR/USD $1.3629
USD/JPY ¥93.50

At 9:50 a.m. Eastern

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

Exchange-Traded Fund Symbols:
EEM - emerging markets
EUR/USD - euro/dollar currency pair
GLD - gold
JNK - high-yield corporate bonds
SPY - blue-chip stocks
TLT - Treasury long-term bonds
USD/JPY - dollar/yen currency pair
USO - crude oil
VIX - fear index

About the glance: The colors indicate the state of each signal.

• trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
• adx: orange for above 30-up, blue for 20-down, purple 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.

New to Private Trader? Check out the Reader's Guide.

New to private trading? Here's a look at How to Become a Private Trader.