Thursday, July 29, 2010

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.


The S&P 500 (SPY) and the Nasdaq 100 (QQQQ) have moved to bear phase on Person's Proprietary Signal after five days on the bull side. The phase switch has been accompanied by intraday swings exceeding 2%. The Fear Index (VIX) has moved to bull phase, as one would expect since it tracks SPY so closely (and inversely).

In forex, the dollar has turned bearish against the yen after a two-day bull whipsaw. The move brings Person's Proprietary Signal back in line with the parabolic sar.

ppspps openupper pivotlower pivot
USD/JPY¥86.64 ¥87.46 jul29 ¥91.49 ¥85.29

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


  • 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