| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| FNM $1.02 |
Today's low so far has been $1.01, 2¢ above the 61.8% Fibonacci retracement level of 99¢, which has been a key support level since January.
The Fibonacci grid tracks downward retracement of the rise from 28¢ on Nov. 22, 1008 to $2.14 on Aug. 25, 2009.
FNM will announce earnings on Monday, according to The Associated Press.
Fannie's stock participated in Thursday's computer-driven panic, but set an intra-day low of 99¢, within the normal support range. So I consider FNM's signals to be valid, despite the distortions the panic has spread through much of technical analysis.
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:
- 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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