Thursday, April 29, 2010

4/29 Morningline: Other Indicators

All of the other indicators I follow are trading within the ranges set  the past few days.
trendadxpsarppsmacdmacd
trend
stosto
trend
JNK $39.97
GLD $114.39
USO $40.95
EEM $42.20
EUR/USD $1.3184
USD/JPY ¥93.92
At 10:08 a.m. Eastern

Oil (USO) has gapped up to the upper end of Monday's range, and is showing a bull flag on Person's Proprietary Index.

This is part of a series of pps whipsaws stretching back through the past three months. The parabolic sar has also been whippy, but to a lesser extent.

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Indicator 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



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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