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.

	trend	adx	psar	pps	macd	macd trend	sto	sto 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.

	trend	adx	psar	pps	macd	macd trend	sto	sto 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

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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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