Monday, April 5, 2010

4/5 Watchlist: Indicators

The blue-chip stocks (SPY) have continued to rise, and are bumping up against $118.84, a level last seen in September 2008. There's must congestion in any move higher, all the way up to $130.


Treasury long-term bonds (TLT) are trading down at a reversal point set in June 2009. The chart is congested from 2007 and 2006 when the etf traded at this level a lot.

The remaining indicators are trading much as they were this morning.

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

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