Tuesday, May 11, 2010

5/11 Morningline: Other Indicators

Gold alone (GLD) is on the rise this morning, trading 1.9% above Monday's close. Among the sliders, only emerging markets (EEM) is down by more than 1%.
trendadxpsarppsmacdmacd
trend
stosto
trend
JNK $38.70
GLD $119.74
USO $37.15
EEM $40.25
EUR/USD $1.2745
USD/JPY ¥93.73
At 9:55 a.m. Eastern

The more specialized indicators that I follow, just like stocks and bonds, are going nowhere fast, but they are learning toward the downside.


The Investor's Guide to Active Asset Allocation: Using Technical Analysis and ETFs to Trade the Markets

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.


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