SHY Watch

The exchange-traded fund that tracks 1- to 3-year Treasury bonds is showing a bear signal on the Parabolic SAR, a huge gap down in price at today's opening. The symbol is SHY.

The other signals associated with this etf are also strongly bearish.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SHY $83.05

This movement plays into the theme of Friday's employment report: Job creation - happy dance - inflation risk - Feds raise interest rates.


The Parabolic SAR signal came after two days show bull signals, so it's a real change in traders' expectations.

I won't be adding this to the Watchlist.

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: 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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