5/7 Morningline: Stocks and Bonds

Blue-chip stocks (SPY) are trading down this morning, sliding to 1.4% below Thursday's close. The VIX, the volatility index, is up by nearly 15%. I'm uncertain the extent to which the Skynet Panic of May 6 figures into the VIX's calculation.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SPY $111.01
VIX 39.51
TLT $97.66

At 10:27 a.m. Eastern

Treasury long-term bonds (TLT) are up by 0.6%.


SPY, VIX and TLT were all impacted by the Skynet Panic of May 6. However, none of the technical signals changed as a result. The panic reinforced existing trends.

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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.

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Skynet Panic of May 6
Panic Looks Like This
Skynet Panic Poisons Technical Tools

Also on Private Trader:

• Friday's Almanac
• Stocks Morningline
• Other Indicators Morningline
• Holdings Morningline
• Friday's Forex
• X Watch
• Friday's Scan
• Stocks Watchlist
• Forex Watchlist

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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