Thursday, May 6, 2010

5/6 Morningline: Stocks and Bonds

Blue-chip stocks (SPY) and Treasury long-term bonds (TLT) paused in their courses as the mini-panic over Greek debt subsided over a lack of new news and domestic concerns began to assert primacy once again.
trendadxpsarppsmacdmacd
trend
stosto
trend
SPY $116.42
VIX 25.19
TLT $93.99
At 9:59 a.m. Eastern

The fear index (VIX) was trading 1.5% above Wednesday's close, a very small move for the ever-volatile volatility measure.



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.


Indicator Exchange-Traded Fund Symbols:
SPY - blue-chip stocks
VIX - fear index, volatility of S&P 500
TLT - Treasury long-term bonds


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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