7/13 Morningline

• Treasury long-term bonds: The 14-day trend turns down.
• Corporate high-yield bonds: The macd and fast stochastic resume their uptrends.
• Crude oil: The fast stochastic leaps into the overbought zone and is pointing sharply higher, as the trend describes a gentle slope upward.
• Gold: Person's Proprietary Signal (pps) moves to bull phase, and the fast stochastic moves into the neutral zone on a sharp rise.
• EUR/USD: The fast stochastic rises back into the overbought zone after one day in neutrality.

Stocks and Rates

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
SPY $109.41
QQQQ $45.03
VIX 23.72
TLT $98.76
JNK $38.81

Below, oil and gold, and global indicators.

Oil and Gold

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
USO $34.62
GLD $118.88

Global

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
EUR/USD $1.2670
USD/JPY ¥88.41
EEM $40.02

---

The Great Reflation: How Investors Can Profit From the New World of Money
OK. The credit bubble burst. Housing, burst. Shockwaves reverberated. Markets collapsed. What lies ahead as we reemerge from the wreckage.

---

Indicator Exchange-Traded Fund Symbols:
EEM - emerging markets
EUR/USD - euro/dollar currency pair
GLD - gold
JNK - high-yield corporate bonds
QQQQ - Nasdaq 100 index
SPY - S&P 500 index
TLT - Treasury long-term bonds
USD/JPY - dollar/yen currency pair
USO - crude oil
VIX - fear index


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
• 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.