Monday, April 26, 2010

4/26 Morningline

Blue chip stocks (SPY) are trading at the top of Friday's range after setting a higher high of $121.91. A move below $120.63 would set a lower low.
trendadxpsarppsmacdmacd
trend
stosto
trend
SPY $122.00
VIX 17.33
TLT $90.56
At 9:37 a.m. Eastern

Treasury long-term bonds (TLT) gapped up this morning and are trading 0.7% above Friday's close. A trade above $91.09 would set a higher high, below $89.87 a lower low.


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This signal will be followed in the daily Watchlist, which is posted beginning around 2:45 p.m. Eastern. Look for it at www.timbovee.com.

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: 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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