Monday, April 5, 2010

4/5 Morningline: Other Indicators

Gold and oil, and the emerging markets, are trading higher today. The dollar is steady against both the euro and the yen.
trendadxpsarppsmacdmacd
trend
stosto
trend
VIX 17.40
JNK $39.38
GLD $110.43
USO $41.73
EEM $43.59
EUR/USD $1.3514
USD/JPY ¥94.78
At 10:31 a.m. Eastern

High-yield corporate bonds have fallen nearly half a percent from their peak this morning, suggesting increased fears of companies defaulting on debt that has been rated as less than safe.

The so-called fear index, which measures the volatility of the S&P 500, is trading near Thursday's close after opening higher and then falling.

I'm not really able to spin an overarching narrative from all of those. Higher oil and gold prices can mean expectations of a weaker dollar, except when they don't. And who knows why emerging markets do what they do -- certainly not I.

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
USD/JPY - dollar/yen currency pair
USO - crude oil
VIX - fear index



About the glance: The colors indicate the state of each signal.

  • trend: 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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