- 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.
Oil and Gold
| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| USO | ||||||||
| GLD |
The fast stochastic's move below the 20-line on GLD creates potential for a bull signal when the sto again rises through that line back into the neutral zone. Until the 20-line is recrossed, the fast sto remains in bear phase.
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.
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