8/18 Morningline

• Treasury long-term bonds continue price rise (TLT).
• High-yield corporate debt shows bull phase on Person's Proprietary Signal (pps), but it is ghosting (JNK).
• Crude oil gaps down (USO).
• A change in how the fast stochastic is presented on the Private Trader charts.

Stocks and Rates

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

TLT bumped up to its highest point since April 2009. Except for six months in 2009, it is TLT's highest point ever. JNK's bull signal on the pps is disappearing and reappearing, and may not exist a the end of the trading day, when all daily chart signals become "official".

Below, oil and gold, and global indicators.

Oil and Gold

	trend	adx	psar	pps	macd	macd trend	sto	sto zone
USO
GLD

USO is trading more than 2% below Monday's close, as the world's most important commodity continues to slide. Altogether USO has lost 10.7% from its swing high on Aug. 6.

Global

	trend	adx	psar	pps	macd	macd trend	sto	sto zone
EUR/USD
USD/JPY
EEM

A change in the tables: Previously the two fast stochastic columns (the rightmost two) showed the zone of the fast stochastic faster line (K-line), and then the direction in which it is moving.

The new practice, beginning today, will be to show the current phase of the fast stochast (green for bull, red for bear), and then the zone (green for 80+, red for 20-, and yellow for in-between).

The change brings the fast stochastic presentation more in line with that of the other analytical tools.

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.