Thursday, April 22, 2010

4/22 Morningline: Other Indicators

Gold (GLD), oil (USO) and emerging markets (EEM) moved down sharply in early trading, all three remaining within their ranges of the last week.
trendadxpsarppsmacdmacd
trend
stosto
trend
JNK $40.01
GLD $110.97
USO $39.44
EEM $42.05
EUR/USD $1.3278
USD/JPY ¥92.92
At 10:04 a.m. Eastern

The euro-dollar (EUR/USD) forex currency pair has fallen 1% high to low so far today; the chart shows a new parabolic sar bear signal. The trading price is near a support level touched twice previously, in late March and early April.


With the exception of EUR/USD, all the indicators are moving in line with their existing psar signals.

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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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