Wednesday, May 12, 2010

5/12 Morningline: Stocks and Bonds

Boring trading morn'.
Stocks and bonds do spin in place.
Nothing goes nowhere.
trendadxpsarppsmacdmacd
trend
stosto
trend
SPY $116.35
VIX 26.20
TLT $93.12
At 9:49 a.m. Eastern

Does haiku rock or what?
Seven percent falls the VIX.
All think happy thoughts.

Must stop this obsession with really bad haiku right now! (Besides, I don't think haiku as a poetic form really matches a strongly stressed language like English.)

The only excitement this morning is with the VIX, showing a new bear phase the Person's Proprietary Signal. Where Person's goes, the parabolic sar can't be far behind. Generally.


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.



Skynet Panic of May 6
Panic Looks Like This
Skynet Panic Poisons Technical Tools


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


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 Trader? Check out the Reader's Guide.

New to private trading? Here's a look at How to Become a Private Trader.

No comments:

Post a Comment