This is when decision-making gets tough.
| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| CIEN$16.06 bull opt | ||||||||
| GE $16.84 bull opt | ||||||||
| JNK $37.22 div | ||||||||
| MCO $24.85 zombie | ||||||||
| NLY $16.06 div | ||||||||
| PALM $5.80 spec sit | ||||||||
| QQQQ $45.58 bull opt | ||||||||
| UNP $71.18 bull opt |
Biggest decline: CIEN, down 5.3%. It has essentially retraced the whole range of the panic.
Also way down, GE, 3%; QQQQ, 2.3%; UNP, 2.2%.
One of my stock dividend holdings, NLY, which has been a cause of unrelieved gloom for weeks, is up by 2%. A contrarian, obviously.
Martin Pring's detailed deconstruction of the economic cycle: What sorts stocks to look for at each stage of the recovery. A masterful analysis.
Skynet Panic of May 6
Panic Looks Like This
Skynet Panic Poisons Technical Tools
Also on Private Trader:
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.
New to private trading? Here's a look at How to Become a Private Trader.
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