| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| SPY $115.44 | ||||||||
| VIX 30.30 | ||||||||
| TLT $93.92 |
All a trader needs to know is the "Itsy Bitsy Spider" song. You know, the one where Itsy Bitsy Spider climbs up the water spout, gets washed out by the rain, and then climbs up the spout again.
Today is shaping up to be rainy, or perhaps a light sprinkle. Itsy Bitsy Spider isn't exactly getting washed out, but she's going nowhere and finding the spout to be a bit slippery as the day dawns on Wall Street.
Blue chip stocks (SPY) opened lower and then bumped up a tad intraday. Treasury long-term bonds (TLT) opened higher, as did the VIX. It's all happening within the range of Monday's trading.
Martin Pring's detailed deconstruction of the economic cycle: What sorts stocks to look for at each stage of the recovery. A masterful analysis.
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
Skynet Panic of May 6
Panic Looks Like This
Skynet Panic Poisons Technical Tools
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.
New to private trading? Here's a look at How to Become a Private Trader.
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