This is earnings season, JNK mainly measures trader confidence that companies will be good for their debts, and the quarter's results are obviously keeping that confidence high.
JNK has switched to bull phase on the Person's Proprietary Signal, a one-day whipsaw from a bear phase signal. The price line for JNK has been mainly sideways since the beginning of March.
| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| JNK $39.94 | ||||||||
| GLD $111.99 | ||||||||
| USO $40.37 | ||||||||
| EEM $42.58 | ||||||||
| EUR/USD $1.3457 | ||||||||
| USD/JPY ¥93.10 |
All the other indicators are also showing an upward bias in today's trading. Some of them are still coded as downtrending on the glance, which uses the five-day simple moving average to determine the trend.
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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.
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