8/2 Almanac

On Monday, Aug. 2: Manufacturing.

There are 19 days before the August options expire, 47 the September and 75 the October.

On the jump, market stats, econ reports, trading calendar and a good book...

WPZ Watch

The energy company Williams Partners L.P. (WPZ) -- a big player in pipelines -- has shown up in my mailbox as an example of a prime dividend find, or so says VectorVest, the stock analysis company.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
WPZ $46.89

AMD Watch

Semiconductor-maker Advanced Micro Devices Inc. (AMD), aka not-Intel, is showing bull phase on Person's Proprietary Signal as the price straddles the 20-day simple moving average. After earnings on July 15, the price rose steadily to $8.25 on Tuesday, and erased about half the gain in a three-day decline since then.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
AMD $7.49

7/30 Forex

• Bear signal in U.S. dollar trading against the Japanese yen.

	pps	pps open	upper pivot	lower pivot
EUR/USD US$1.3033		US$1.2878 jul26	US$1.2510	US$1.1602
USD/JPY¥86.67		¥86.78 jul30	¥91.49	¥85.29
GBP/USD US$1.5670		US$1.5258 jul23	US$1.5266	US$1.4021
EUR/JPY ¥112.97		¥112.87 jul27	¥112.46	¥103.05
USD/CAD C$1.0307		C$1.0488 jul22	C$1.1024	C$1.0291
USD/MXN Mex$12.63768		Mex$12.8693 jul22	Mex$13.4288	Mex$12.6637

7/30 Morningline

Now that the dust of the initial GDP response has settled, let's see how the land lies:

• Nasdaq 100's pps ghost bear sign becomes permanent (QQQQ).
• Treasury long-term bonds show intermittent pps bull sign on upward gap (TLT).
• Dollar shows pps bear phase against yen following day of cheshering (USD/JPY).

Stocks and Rates

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SPY
QQQQ
VIX
TLT
JNK

The QQQQ signal flipped in and out throughout the day on Thursday -- more out than in, I'd say. The signal is the third phase switch in a parabolic sar bull phase that began in mid-July, and at this point is contrarian.

The TLT signal is disappearing and appearing nervously today as the price tries to settle under the twin impacts of slow GDP growth and a fascinating report (in pdf) from the St. Louis Fed saying there is a serious risk of Japanese-style deflation. (That's what I was reading with my coffee at 4 a.m.)

A bull signal on TLT suggests an expectation of lower  interest rates ahead. Although surely not from the Fed's short-term rate-setting -- how do you go below zero?

(Now if we could manage income inflation and price deflation, I could live with that.)


Below, oil and gold, and global indicators.

7/30 Almanac

On Friday, July 30: Gross domestic product.

There are 22 days before the August options expire, 50 the September and 78 the October.

On the jump, market stats, econ reports, trading calendar and a good book...

Cheshire Cats

What a frustrating day! Whenever I spot a beautiful signal and start to write it up, it disappears, like the Cheshire Cat in Alice.

AMD and Q are two examples.

Oh, and the phase switches I wrote about earlier today, on SPY, QQQQ, the VIX and USD/JPY: All cheshire cats. They've disappeared, like echoes in the wind.

Signals cheshiring all over the map! It tells me that the market today really lacks conviction, and no wonder: Everyone is waiting for tomorrow's release of the GDP.

NLY Watch

The high-yield real-estate investment trust Annaly Capital Management Inc. (NLY) announced earnings after the close yesterday. Surprise, surprise. Earnings per share fell 3¢ short of the consensus, throwing the chart and its signals into hard reverse.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
NLY $17.46

Morningline and Forex Update

Update: These phase switches have all proven to be cheshire cats.

What a difference a few hours make. We've gone from a signals desert to a wealth of changes, involving the S&P 500, the Nasdaq 100, the Fear Index and the dollar against the yen.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SPY
QQQQ
VIX
USD/JPY

7/29 Forex

• Person's charts steady; no phase switches.

(Wouldn't it be great if newspapers worked like that? "No News Today: Gone Fishing!")

	pps	pps open	upper pivot	lower pivot
EUR/USD US$1.3076		US$1.2878 jul26	US$1.2510	US$1.1602
USD/JPY¥87.07		¥86.87 jul27	¥91.49	¥85.29
GBP/USD US$1.5644		US$1.5258 jul23	US$1.5266	US$1.4021
EUR/JPY ¥113.95		¥112.87 jul27	¥112.46	¥103.05
USD/CAD C$1.0327		C$1.0488 jul22	C$1.1024	C$1.0291
USD/MXN Mex$12.7295		Mex$12.8693 jul22	Mex$13.4288	Mex$12.6637

7/29 Morningline

• Indicators continue existing trends -- no phase switches this morning.

Stocks and Rates

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

7/29 Almanac

On Thursday, July 29: Jobless claims, natural gas.

There are 23 days before the August options expire, 51 the September and 79 the October.

On the jump, market stats, econ reports, trading calendar and a good book...

JASO Watch

JA Solar Holdings Co. Ltd., (JASO) is a Chinese manufacturer of solar cells. To look at the news headlines, it has been having a great run of the happy. Which makes the three major bear signs blotting its chart loom larger than usual.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
JASO $6.16

7/28 Forex

And in the high-velocity, never-resting, fascinating World of Forex:

No new signals. As the Boddhisatva of Infinite Compassion said in the Heart Sutra: "Listen, Sariputra! Forex is emptiness, emptiness is forex."

	pps	pps open	upper pivot	lower pivot
EUR/USD US$1.3014		US$1.2878 jul26	US$1.2510	US$1.1602
USD/JPY¥87.60		¥86.87 jul27	¥91.49	¥85.29
GBP/USD US$1.5626		US$1.5258 jul23	US$1.5266	US$1.4021
EUR/JPY ¥113.98		¥112.87 jul27	¥112.46	¥103.05
USD/CAD C$1.0345		C$1.0488 jul22	C$1.1024	C$1.0291
USD/MXN Mex$12.7295		Mex$12.8693 jul22	Mex$13.4288	Mex$12.5516

7/28 Morningline

• "Fear index" VIX gives bull flash on fast stochastic.
• Treasury long-term bonds move to bear phase on parabolic sar (TLT).
• Crude oil turns bearish on Person's Proprietary Signal phase switch (USO).

Stocks and Rates

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SPY
QQQQ
VIX
TLT
JNK

A rising VIX, as the fast stochastic signal suggests, leads to falling blue-chip stock prices. The psar bear phase on TLT brings all major signalers into a bearish configuration. Declining bond prices mean rising interest rates (and can also mean falling stock prices, as bond yields become more competitive).

Below, oil and gold, and global indicators.

7/28 Almanac

On Wednesday, July 28: Durable good, petroleum.

There are 24 days before the August options expire, 52 the September and 80 the October.

On the jump, market stats, econ reports, trading calendar and a good book...

YIPI Watch

I love junk email, at least the kind that gives a me a chance to look at a bulletin board start-up that someone is pushing. Today's is a company called Yippy Inc. (YIPI), a browser plus search company that began trading in late May.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
$1.81

MRVL Watch

The specialty semiconductor provider Marvell Technology Group Ltd. (MRVL) is showing bear phase on the parabolic sar, ending a phase mismatch between the psar and Person's Proprietary Signal that has gone one for a week and a half. The macd has also turned to the bear side.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
MRVL $15.99

NLY Watch

The real-estate investment trust Annaly Capital Management Inc. (NLY) has moved to bull phase on the parabolic sar and the macd, confirming a signal four days earlier by Person's Proprietary Signal. Earnings are scheduled for release Thursday after the markets close.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
NLY $17.94

7/27 Forex

• Euro bull signal against the U.S. dollar after brief whipsaw.(EUR/USD).
• U.S. dollar shows bull sign against the yen, but it is cheshiring (USD/JPY).
• Euro flashes bullishness against the euro after bearish whipsaw (EUR/JPY).

	pps	pps open	upper pivot	lower pivot
EUR/USD US$1.2997		US$1.2878 jul26	US$1.2510	US$1.1602
USD/JPY¥87.54		¥86.87 jul27	¥91.49	¥85.29
GBP/USD US$1.5545		US$1.5258 jul23	US$1.5266	US$1.4021
EUR/JPY ¥113.83		¥112.87 jul27	¥112.46	¥103.05
USD/CAD C$1.0310		C$1.0488 jul22	C$1.1024	C$1.0291
USD/MXN Mex$12.6281		Mex$12.8693 jul22	Mex$13.4288	Mex$12.5516

7/27 Morningline

• Treasury long-term bonds: Fast stochastic dips into oversold territory (TLT).
• Euro shows bull signs against the U.S. dollar (EUR/USD).
• U.S. dollars moves to Person's Proprietary Signal bull phase against the yen (USD/JPY).

Stocks and Rates

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SPY
QQQQ
VIX
TLT
JNK

The TLT move sets up a potential bull signal when the fast stochastic recrosses above the 20-line.

Below, oil and gold, and global indicators.

7/27 Almanac

On Tuesday, July 27: Metro home prices, consumer confidence.

There are 25 days before the August options expire, 53 the September and 81 the October.

On the jump, market stats, econ reports, trading calendar and a good book...

DAL Watch

Delta Air Lines Inc. (DAL) has moved to bull phase on Person's Proprietary Signal (pps) after six bearish days deepened by disappointing earnings. All-in-all, DAL was the dog that didn't bark in the night, or the earnings surprise that wasn't.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
DAL $11.88

7/26 Forex

• Cable to bull phase against the U.S. dollar.

	pps	pps open	upper pivot	lower pivot
EUR/USD US$1.2944		US$1.2879 jul21	US$1.2510	US$1.1602
USD/JPY¥87.30		¥88.30 jul15	¥91.49	¥85.29
GBP/USD US$1.5477		US$1.5258 jul23	US$1.5266	US$1.4021
EUR/JPY ¥113.07		¥112.69 jul21	¥112.46	¥103.05
USD/CAD C$1.0320		C$1.0488 jul22	C$1.1024	C$1.0291
USD/MXN Mex$12.7295		Mex$12.8693 jul22	Mex$13.4288	Mex$12.5516

7/26 Morningline

• Long-term Treasury bonds (TLT): Person's Proprietary Signal flashes bear.
• Gold (GLD): Fast stochastic dips into overbought territory.

Stocks and Rates

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SPY
QQQQ
VIX
TLT
JNK

The TLT bear signal on the pps kicked in late Friday. Lower bond prices, reflected in TLT, translate into higher interest rates. Friday's price action pierced the 20-day simple moving average, and TLT this morning has opened beneath that level.

Below, oil and gold, and global indicators.

SIRI Update

SIRI's bull phase on Person's Proprietary Signal was locked in place at the close. The indicator had been ghosting in and out for much of the afternoon, a behavior that's not unsual for the pps.

See my analysis of the signal from earlier in the day.

7/26 Almanac

On Monday, July 26: New home sales.

There are 26 days before the August options expire, 54 the September and 82 the October.

On the jump, market stats, econ reports, trading calendar and a good book...

MGM Watch

The entertainment company MGM Resorts International (MGM) has moved to bull phase on Person's Proprietary Signal (pps) after a 5-day bearside whipsaw.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
MGM $10.55

Earnings will be announced Aug. 3 before the markets open.

SIRI Watch

Sirius XM Radio Inc. (SIRI), the satellite broadcasting company that actually made radio high-tech again, is trading on double volume and a bull flag from Person's Proprietary Signal (pps) that is ghosting in and out of existence.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SIRI $0.97

The company announces earnings before the opening on Aug. 4.

7/23 Forex

• No new Person's signals on the six currency pairs I follow.

No news is still news, right??

Truthfully, this post is scarcely worth reading. Set it aside and go for a coffee and danish instead.

	pps	pps open	upper pivot	lower pivot
EUR/USD US$1.2821		US$1.2879 jul21	US$1.2510	US$1.1602
USD/JPY¥87.36		¥88.30 jul15	¥91.49	¥85.29
GBP/USD US$1.5365		US$1.5262 jul21	US$1.5266	US$1.4021
EUR/JPY ¥111.95		¥112.69 jul21	¥112.46	¥103.05
USD/CAD C$1.0405		C$1.0488 jul22	C$1.1024	C$1.0291
USD/MXN Mex$12.7458		Mex$12.8693 jul22	Mex$13.4288	Mex$12.5516

7/23 Morningline

• Blue chip stocks (SPY), tech issues (QQQQ) show tentative bear signals on the fast stochastic
• U.S. dollar moves to bull phase on the macd in trading against the yen.

Stocks and Rates

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SPY
QQQQ
VIX
TLT
JNK

I calls the bear signal "tentative" against SPY and the Qs because the fast stochastic is breaking down from overbought territory at a fairly shallow angle. Although the 80-line that marks the lower boundary of overbought appears to be a barrier, in fact the signaler is unaware of the significance of that level, and can easily move below it a bit and then bounce back up.

Below, oil and gold, and global indicators.

AOD Update

AOD's ghosting bull signal on the Person's Proprietary Signal (pps) at the end of the day had reappeared, making it an official bull signal. Moreover, the parabolic sar kicked in with a late move to bull phase.

See my report from earlier today.

7/23 Almanac

On Friday, July 23: Tabula rasa.

There are 29 days before the August options expire, 57 the September and 85 the October.

On the jump, market stats, econ reports, trading calendar and a good book...

AOD Watch

Alpine Total Dynamic Dividend Fund (AOD), the once -- and future? -- primo dividend play, is showing a bull signal on the parabolic sar, after a bearish streak that followed the company's decision to slash it's dividend big-time.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
AOD $5.38

The signal, however, is ghosting -- appearing and disappearing -- so there's no guarantee that it will persist at the close. I'll analyze as though the signal persists, and will follow with a status at the close and tomorrow. Often, ghosting today is followed by persistence tomorrow.

AAPL Watch

iEverything company Apple Inc. (AAPL) has moved to bull phase on Person's Proprietary Signal, the parabolic sar and the macd after happy earnings bumped up the stock by 5% at yesterday's opening, only to see nearly all of that gain taken back as the day progressed.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
AAPL $259.43

NLY Watch

Annaly Capital Management Inc.(NLY), a mortgage-backed dividend play, has moved to bull phase on Person's Proprietary Signal (pps). If the price follows the signal, then NLY would be shaking off the management's decision to float more common shares.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
NLY $17.72

ANH Watch

Mortgage-investor Anworth Mortgage Asset Corp. (ANH), cruising along for a third day in bull phase, is showing a remarkable lack of volatility as approaches a July 29 earnings announcement after the markets close.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
ANH $7.32

Following the May 6 flash crash, a 13% intraday fall for ANH, the stock dusted itself off and began a slow, steady rise than in the main has continued unabated through bull signals and bear signals up to the present day.

ATVI Watch

Activision Blizzard Inc. (ATVI) opened above the 200-day and then continued with a powerful push to the three-month high.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
$11.71

The gaming company is scheduled to announce earnings after the markets close on Aug. 5.

7/22 Forex

• U.S. dollar moves to bear phase against the Canadian dollar, Mexican peso.
• The euro and pound against the U.S. dollar, and the euro against the Japanese yen continue in bear phase for a second day, but price rises erase yesterday's losses.

	pps	pps open	upper pivot	lower pivot
EUR/USD US$1.2916		US$1.2879 jul21	US$1.2510	US$1.1602
USD/JPY¥87.17		¥88.30 jul15	¥91.49	¥85.29
GBP/USD US$1.5276		US$1.5262 jul21	US$1.5266	US$1.4021
EUR/JPY ¥112.55		¥112.69 jul21	¥112.46	¥103.05
USD/CAD C$1.0395		C$1.0488 jul22	C$1.1024	C$1.0291
USD/MXN Mex$12.7560		Mex$12.8693 jul22	Mex$13.4288	Mex$12.5516

7/22 Morningline

• Blue chip stocks (SPY), tech stocks (QQQQ) move to bull phase on Person's Proprietary Signal (pps).
• Treasury long-term bonds (TLT): Parabolic sar turns bullish; higher prices mean lower interest rates.

Stocks and Rates

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SPY
QQQQ
VIX
TLT
JNK

SPY and QQQQ spent four days in bear phase before reversing. The period produced a 0.7% price decline for SPY and a 0.4% decline for QQQQ. So both positions would have been profitable if traded, but just barely.

TLT spent eight bearish days on the psar before reducing. The period saw the price rise by 1.3%, so the signal, if traded, would have produced a loss.

Below, oil and gold, and global indicators.

7/22 Almanac

On Thursday, July 22: Existing home sales, jobless claims.

There are 30 days before the August options expire, 58 the September and 86 the October.

On the jump, market stats, econ reports, trading calendar and a good book...

7/21 Forex

• Euro moves to bear phase in trading against the U.S. dollar.
• Cable also showed a bear signal against the dollar, but it is ghosting.
• Another ghost: Euro turns bearish in yen trading, but the signal is cheshiring madly.

	pps	pps open	upper pivot	lower pivot
EUR/USD US$1.2807		US$1.2879 jul21	US$1.2510	US$1.1602
USD/JPY¥87.09		¥88.30 jul15	¥91.49	¥85.29
GBP/USD US$1.5202		US$1.5262 jul21	US$1.5266	US$1.4021
EUR/JPY ¥111.53		¥112.69 jul21	¥112.46	¥103.05
USD/CAD C$1.0423		C$1.0381 jul16	US$1.1024	US$1.0291

7/21 Morningline

• Euro moves to bear phase against the dollar with multiple signals.
• Emerging markets shows pps bull signal after whipsaw.

Stocks and Rates

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

7/21 Almanac

On Wednesday, July 21: Petroleum inventory, Uncle Bennie.

There are 31 days before the August options expire, 59 the September and 87 the October.

On the jump, market stats, econ reports, trading calendar and a good book...

ATVI Watch

Video game maker Activision Blizzard Inc. (ATVI) is trading within a range but with bullish indicators as it approaches earnings on Aug. 5 after the close. What's intriguing is the relative volatility: Near-term and long-term almost identical, and both well below 3%.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
ATVI $11.41

VALE Watch

Vale S.A. (VALE), the Brazilian metals and mining company, has risen through the 20-day simple moving average on a volume spike and bull signals galore. Earnings will be announced on July 28 after the markets close.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
VALE $26.28

7/20 Forex

• Currency pairs stay in range; no new signals, as though traders all took an early weekend. And it's only Tuesday!

	pps	pps open	upper pivot	lower pivot
EUR/USD US$1.2890		US$1.2236 jul01	US$1.2510	US$1.1602
USD/JPY¥87.02		¥88.30 jul15	¥91.49	¥85.29
GBP/USD US$1.5240		US$1.5176 jul14	US$1.5266	US$1.4021
EUR/JPY ¥112.23		¥110.03 jul06	¥112.46	¥103.05
USD/CAD C$1.0559		C$1.0381 jul16	US$1.1024	US$1.0291

7/20 Morningline

• S&P 500, Nasdaq 100 stocks (SPY, QQQQ) open below the 20-day simple moving average for the first time since July 7.
• Gold (GLD) moves to bull phase on the fast stochastic.
• Euro turns bearish against the dollar (EUR/USD) as fast stochastic drops into neutrality.
• Dollar in bull phase on the fast stochastic in trading against the yen (USD/JPY).

Stocks and Rates

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

7/20 Almanac

On Tuesday, July 20: Housing starts

There are 32 days before the August options expire, 60 the September and 88 the October.

On the jump, market stats, econ reports, trading calendar and a good book...

Q Watch (Qwest)

Qwest Communications International Inc. (Q), the data networking company, has whipsawed back into bull phase on Person's Proprietary Signal (pps). Earnings are scheduled for Aug. 4 before the open.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
Q $5.56

DAL Watch

I discussed Delta Air Lines Inc. (DAL) as an earnings suprise play in a post about a week ago. Earnings came today and, surprise surprise, there was a large price move, but one that was quickly retraced.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
$11.57

PRU Watch

Prudential Financial Inc. (PRU), the insurance and all else financial company, has moved to bear mode on the macd and Person's Proprietary Signal (pps) as it approaches the release of earnings on Aug. 4 after the close.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
PRU $53.50

7/19 Forex

• Dollar pauses in fall against the yen.
• Pound falls below upper pivot in dollar trading.

	pps	pps open	upper pivot	lower pivot
EUR/USD US$1.2952		US$1.2236 jul01	US$1.2510	US$1.1602
USD/JPY¥86.32		¥88.30 jul15	¥91.49	¥85.29
GBP/USD US$1.5340		US$1.5176 jul14	US$1.5266	US$1.4021
EUR/JPY ¥111.82		¥110.03 jul06	¥112.46	¥103.05
USD/CAD C$1.0525		C$1.0381 jul16	US$1.1024	US$1.0291

7/19 Morningline

• Nasdaq 100 (QQQQ) moves to bear phase on the pps.
• High-yield corporate debt (JNK) shows a bear signal on the fast stochastic.
• Crude oil (USO) remains in bull phase after last week's pps counter signal cheshires.
• Gold (GLD) gaps down for a second straight trading day.

Stocks and Rates

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SPY
QQQQ
VIX
TLT
JNK

The QQQQ signal didn't show at Friday's open but kicked in prior to the close of last week's trading, accompanied by a sharp decline through the 20-day simple moving average.

JNK's fast stochast moved out of overbought territory back into the neutral zone.

Below, oil and gold, and global indicators.

7/19 Almanac

On Monday, July 19: Housing market index

There are 33 days before the August options expire, 61 the September and 89 the October.

On the jump, market stats, econ reports, trading calendar and a good book...

SBUX Watch

The CEO of ubiquitous coffee folk Starbucks Corp. (SBUX) gave an interview to Reuters where he said good and calming things about his company's global prospects.

Traders, a cynical bunch not known to be suckers for happy talk, slammed the stock with a bear signal and an intra-day price decline that covered 3.2% high to low. Put that in your cup and drink it!

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SBUX $25.32

BVF Watch

Biovail Corp. (BVF), an Ontario-based pharmaceutical house specializing in central nervous system disorders, has been jump to the upside the past few days, amid ebullient talk from analysts and with earnings set for Aug. 5 before the open.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
$20.12

TJX Watch: Flight of the Black Swan

TJX Companies Inc. (TJX), whose signature stores are T.J. Maxx and Marshalls, has whipsawed badly, showing a sharp decline and bear phase on Person's Proprietary Signal (pps) a day after showing bull phase. To make matters more unsettling, it's the second such one-two punch in a week.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
TJX $41.42

AOD Watch

Alpine Total Dynamic Dividend Fund (AOD) is against showing bear phase on Person's Proprietary Signal (pps), after ghosting the signal repeatedly yesterday before closing signal free.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
AOD $5.33

7/16 Forex

• U.S. dollar moves to bull phase against its Canadian counterpart on a sharp launch off of the pps moving averages.

	pps	pps open	upper pivot	lower pivot
EUR/USD US$1.2952		US$1.2236 jul01	US$1.2510	US$1.1602
USD/JPY¥86.32		¥88.30 jul15	¥91.49	¥85.29
GBP/USD US$1.5340		US$1.5176 jul14	US$1.5266	US$1.4021
EUR/JPY ¥111.82		¥110.03 jul06	¥112.46	¥103.05
USD/CAD C$1.0525		C$1.0381 jul16	US$1.1024	US$1.0291

7/16 Morningline

• S&P 500: Bear phase on the pps, fast stochastic.
• Volatility: Bull phase on the pps, fast stochastic.
• High-yield Corporate Debt: Flirting with bear phase on the fast stochastic.
• Crude Oil: Bear phase on the pps, fast stochastic.
• Gold: Gaps down at the open, bear phase on the pps.
• Yen: Bear phase on the parabolic sar, macd.
• Emerging Markets: Bear phase on the pps, fast stochastic.

Stocks and Rates

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

7/16 Almanac

On Friday, July 16: Consumer prices, sentiment. Also, a big SHOUT OUT to China!

There is one day before the July options expire, 36 the August and 64 the September.

On the jump, market stats, econ reports, trading calendar and a good book...

TJX Watch

TJX Companies Inc. (TJX), the clothing retails whose best-known stores are T.J. Maxx and Marshalls, has moved to bull phase on three key signals after bouncing off of the 12-month moving average in a long-running uptrend.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
TJX $43.73

LVS Watch

The gambling resort company Las Vegas Sands Corp. (LVS), which deals the cards and spins the wheels not only in Vegas but in China, has turned bullish on a key signaler, making three signals to flash bull in the past five trading days.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
LVS $24.23

AOD Watch

Update: The bear signal on AOD has not reappeared at the close of trading, so by the rules, AOD remains in bull phase on the pps.

Update: Followers of the pps know that the indicator is prone to "ghosting", where it appears, then disappears, like the Cheshire Cat in Alice. This morning's bear signal has disappeared. when that happens, as the day progresses, the signal can just as easily reappear. What counts by-the-book is whether the signal is in place at the close. [1:30 p.m. Eastern]
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Alpine Total Dynamic Dividend Fund (AOD) is the gift that keeps on giving, but only for traders who are into tears and pain.

The high-yield dividend fund moves into bear phase today on Person's Proprietary Signal, after six days in the bull column gave some small hope of the first seeds of a capital recovery. But 'tis not to be.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
AOD $5.32

7/15 Forex

• U.S. dollar moves to bear phase against the yen, using Person's Proprietary Signal (pps) on a swift drop that wipes out prior bull-phase gains.
• Cable pierces upper pivot in rise against the U.S. dollar.

	pps	pps open	upper pivot	lower pivot
EUR/USD US$1.2878		US$1.2236 jul01	US$1.2510	US$1.1602
USD/JPY¥87.35		¥88.30 jul15	¥91.49	¥85.29
GBP/USD US$1.5360		US$1.5176 jul14	US$1.5266	US$1.4021
EUR/JPY ¥112.40		¥110.03 jul06	¥112.46	¥103.05
USD/CAD C$1.0426		C$1.0543 jul07	US$1.1024	US$1.0291

7/15 Morningline

• S&P 500: macd trend turns downward.
• Blue-chip Volatility: pps moves to bull phase; macd trend turns up; fast stochastic breaks above the oversold line, a bull sign.
• Treasury Long-Term Bonds: 14-day trend turns up; pps moves to bull phase; macd trend turns up.
• Crude Oil: 14-day trend turns sideways; pps moves to bear phase; macd trend turns down; fast stochastic breaks below the overbought line, a bear sign.
• Euro/Dollar: macd trend turns up.
• Dollar/Yen: 14-day trend turns down; pps moves to bear phase; macd trend turns down; fast stochastic enters oversold territory.
• Emerging Markets: pps moves to bear phase; macd trend turns down; fast stochastic breaks below the overbought line, a bear sign.

Stocks and Rates

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

7/15 Almanac

On Thursday, July 15: Producer prices, industrial production.

There are 2 days before the July options expire, 37 the August and 65 the September.

On the jump, market stats, econ reports, trading calendar and a good book...

SBUX Watch

You could call it the bouncing of the bulls. Starbucks Corp. (SBUX), the coffee dudes, on the sixth trading day of an uptrend hit the 20-day simple moving average, overshot by a smidgen, and then rebounded. Someone needs to give those beasts a grande Pike Place Roast.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SBUX $26.00

NLY Watch

"Surprise! Surprise!", says Annaly Capital Management (NLY), the real estate investment trust that, after hours yesterday, announced a public offering of 60 million shares of common stock. That's nearly 11% of total shares outstanding.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
NLY $17.53

7/14 Forex

• GBP/USD moves to bull phase on Person's Proprietary Signal (pps).
• USD/CAD tests lower pivot for third day running.

	pps	pps open	upper pivot	lower pivot
EUR/USD US$1.2711		US$1.2236 jul01	US$1.2510	US$1.1602
USD/JPY¥88.40		¥87.70 jul08	¥91.49	¥85.29
GBP/USD US$1.5238		US$1.5176 jul14	US$1.5266	US$1.4021
EUR/JPY ¥112.35		¥110.03 jul06	¥112.46	¥103.05
USD/CAD C$1.0336		C$1.0543 jul07	US$1.1024	US$1.0291

7/14 Morningline

• S&P 500, Nasdaq 100: fast stochastic trend turns sideways.
• S&P 500 volatility: macd trend turns up.
• Treasury long bonds: fast stochastic trend turns up.
• Corporate high-yield debt: macd, fast stochastic trends turn down.
• Crude oil: fast stochastic turns down.
• Gold: fast stochastic turns down, but with a shallow slope.
• Euro/dollar: fast stochastic turns down.
• Dollar/yen: fast stochastic turns down.
• Emerging markets: price trend turns sideways, macd and fast stochastic trends turn down
  

Stocks and Rates

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SPY $109.14
QQQQ $45.39
VIX 25.03
TLT $98.92
JNK $38.78

Below, oil and gold, and global indicators.