It's in line with an uptrend since February (I should abbreviate that, since I write it so often: Febut? Sounds like sick frog).
| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| XLI $33.22 |
The average directional index is a strong 35, although it is declining.
The major signals are mixed: bull on the psar, bear on Person's Proprietary Signal. Also, the price is coming off of a three-day bear whipsaw.
So it's not something I would jump into, but it's worth watching.
Most of upside resistance is historical, dating back to September 2008.
Power levels:
- $35.00, +5.4%
- $34.82, +4.8%
- $33.46, +0.7%
- $33.22 <== You are here
- $32.34, -2.7%
Martin Pring's detailed deconstruction of the economic cycle: What sorts stocks to look for at each stage of the recovery. A masterful analysis.
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.
--
Indicator Exchange-Traded Fund Symbols:
EEM - emerging markets
EUR/USD - euro/dollar currency pair
GLD - gold
JNK - high-yield corporate bonds
SPY - blue-chip stocks
TLT - Treasury long-term bonds
USD/JPY - dollar/yen currency pair
USO - crude oil
VIX - fear index
No comments:
Post a Comment