Tuesday, May 18, 2010

5/18 Morningline

Friday's trading range continues to bound prices of the major indicators this morning. Gold, trading lower, is the exception, as it shows a new bear-phase this morning on the parabolic sar.
trendadxpsarppsmacdmacd
trend
stosto
trend
SPY $114.94
VIX 28.38
TLT $94.81
At 9:45 a.m. Eastern

Blue-chip stocks continue to show a divide between a bull-phase parabolic sar and a bear-phase Person's Proprietary Signal. Treasury long-term bonds show the opposite division: A bearish psar and a new, tentative bull-phase switch on the pps, a retry of Monday's ghost signal.

trendadxpsarppsmacdmacd
trend
stosto
trend
JNK $38.73
GLD $119.00
USO $34.56
EEM $39.74
EUR/USD $1.2429
USD/JPY ¥92.78
At 9:50 a.m. Eastern

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



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.



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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