Tuesday, April 27, 2010

4/27 Morningline: Stocks and Bonds

The VIX, which measures volatility of the S&P 500, gapped up by 3.8% at the open and is showing a bull flag on Person's Proprietary Signal.
trendadxpsarppsmacdmacd
trend
stosto
trend
SPY $120.75
VIX 18.25
TLT $90.86
At 9:55 a.m. Eastern
A rising VIX, also called the "fear index", often portends a decline in blue chip stocks, as measured by the SPY exchange-traded fund, which was trading down at levels seen last week.

Treasury long-term bonds (TLT) gapped up by 0.7% at the open and was also trading at last week's levels. High TLT prices translate to expectations of lower interest rates.

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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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