5/3 Morningline: Other Indicators

Some of the other indicators showed the same giveback (or takeback, depending on your point of view) as did stocks and bonds generally. But not all.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
JNK $39.99
GLD $116.28
USO $41.68
EEM $42.34
EUR/USD $1.3228
USD/JPY ¥94.59

At 10:15 a.m. Eastern

High-yield corporate debt (JNK) dropped to a level last seen on Wednesday. Emerging markets (EEM) rose to the middle of the rise traced on Friday.

The minerals, oil (USO) and gold (GLD) were more decisive, gold gapping up at the open in a continuation of Friday's move, and oil opening in mid-range but moving higher thereafter.

The euro opened higher but then took a hammering against the dollar (EUR/USD), dropping 1.2% high to low intraday. It was trading at the level of Friday's open.

The dollar rose against the yen (USD/JPY) and was trading at the upper end of Friday's range.

Nary a new signal to be seen.

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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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