The E-mini futures traversed 0.7% low to high and pushed above what had been a stalling point for upward movement.
| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| E-mini SP500 fut. 1178 | ||||||||
| 30y Tbond fut. 114'28 |
The 30-year Treasury bond futures were volatile, opening within Thursday's range, breaking out above, and then plummeting below to a level not seen since Feb. 22. The price has traversed 1.2% low to high so far today.
The employment report showed an increase in jobs created by the economy, but almost one in three was a hire for the 10-year census, the most temporary of temp jobs. The job creation was the greatest increase in three years, since before the collapse of capitalist finance entered its final, acute phase. When traders bid down bond prices, it means they expect higher interest rates ahead, perhaps of the Federal Reserve raising its short-term rates from the present zero to one-quarter percent. Among other indicators, gold futures rose sharply, traversing 1.5% low to high, and showed a psar bull signal. Light sweet crude oil futures showed a greater rise, traversing 2.5%. Rising gold and oil prices are sometimes a bet on a lower value for the U.S. dollar. | A veteran of the markets, writing with the serious trader in mind, details a proven approach to analyzing market behavior, identifying profitable trade setups, and executing and managing trades–from entry to exit. |
| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| Gold fut. 1126.10 | ||||||||
| Oil fut. 85.325 | ||||||||
| EUR/USD $1.3487 | ||||||||
| USD/JPY ¥94.88 |
The euro/U.S. dollar (EUR/USD) was trading within Thursday's range. The dollar/yen (USD/JPY) pair rose for the fourth straight day to levels not seen since August 2009.
A rise in the USD/JPY pair means a strengthening of the dollar. Japan, as a major exporter, has long seen a weak yen to be in its national interest as a way of keeping competitive on world markets, and the government has not been shy to intervene to maintain that policy.
I usually see the yen as being more a reflection of the Japanese government's degree of worry rather than as an indicator of the dollar's strength or weakness globally.
(And of course, the euro these days is more an indicator of how much confidence traders have in Greece, Portugal and Spain -- oil and gold really do seem to be the purest markers of the dolla's worth.)
Since I'm doing futures today in the absence of stock trading, I can't resist . . .
Orange juice futures paused for the fourth day after a slide beginning March 15 that brought the price down by 12.2%. All indicators were on the bear side, but the macd was moving up towrd the zero line.
| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| OJ fut. 135.45 |
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: 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.
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