4/6 Morningline: Indicators

There are some days in the markets where morning doesn't count. Sort of the daily equivalent of a lost weekend.

This is such a day. The Federal Open Market Committee, which set short-term interest rates, releases minutes of its last meeting at 2 p.m. Eastern.

And that's pretty much the event of the day. There are a couple of private-sector retail reports due, that usually don't count for much, and the Treasury auctions off 4-week and 1-year notes.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SPY $118.53
TLT $87.74

At 9:40 a.m. Eastern

The blue chip stocks (SPY) this morning are reflecting that lack of motivation. They opened in the middle of yesterday's range -- perfectly poised between hope and fear? -- and have covered only 0.15% low to high in trading so far.

The Treasury long-term bonds (TLT) are also trading mid-range and narrowly after three days of dramatic downward gaps.

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So, it's a good day for the well-balanced trader to go back to bed and sleep in for awhile. Nothing happening here.

The other indicators are also trading in range, some biased to the upside, some to the down, with the exception of the dollar, which is up against the euro (EUR/USD) and down against the yen (USD/JPY).

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
VIX 17.44
JNK $39.27
GLD $111.04
USO $42.08
EEM $43.59
EUR/USD $1.3380
USD/JPY ¥93.92

At 9:47 a.m. Eastern

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
SPY - blue-chip stocks
TLT - Treasury long-term 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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