Thursday, May 20, 2010

5/20 Morningline: Other Indicators

Other indicators are also showing wide moves this morning, with the exception of gold, oddly, which has barely budged.

Corporate high-yield bonds, oil and emerging markets down more than 3%; and the dollar-yen exchange rate, down nearly 2%.

The euro, said to be the culprit behind all the drama, is down about half a percent against the dollar.

trendadxpsarppsmacdmacd
trend
stosto
trend
JNK $36.76
GLD $116.76
USO $32.45
EEM $36.70
EUR/USD $1.2358
USD/JPY ¥89.91
At 10:08 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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