- 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.
Oil and Gold
| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| USO | ||||||||
| GLD |
The pps USO signal cheshired -- disappeared like the Cheshire cat in "Alice" -- and that's not unusual for this signal. Although the disppearance leaves USO in bull phase on the pps, such cheshiring indicates weakness in the trend.
Favorite USO headline today: "Oil up but longer-term risk worries remain". When do "longer-term risk worries" not remain? Sorry, MidnightTrader. Lacks insightfulness.
The question with GLD is, whatever happened to all that talk of $10,000 per ounce?
Global
| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| EUR/USD | ||||||||
| USD/JPY | ||||||||
| EEM |
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.
No comments:
Post a Comment