- S&P 500, Nasdaq 100 bull signals bull signals on the fast stochastic are close to negation (SPY, QQQQ0.
- Fear index: Same thing, but in reverse; bear signal nears negation.
- Dollar moves to bear phase against the yen (USD/JPY).
Stocks and Rates
trend | adx | psar | pps | macd | macd trend | sto | sto zone | |
---|---|---|---|---|---|---|---|---|
SPY | ||||||||
QQQQ | ||||||||
VIX | ||||||||
TLT | ||||||||
JNK |
A no-drama morning, 40 minutes to trading. The fast stochastic on the major stock market indicators -- SPY, QQQQ -- moved to bull phase several days ago but have reversed course and pulled back near or in the oversold zone (below the 20-line). The latter case -- below 20 -- negates the prior bull signal. At this point they're dipping below and then retreating above the 20-line. In the tables I've coded them as in the neutral zone.
The VIX is doing the same dance on the fast stochastic, except it's a bull signal that's approaching negation.
Below, oil and gold, and global indicators.
Oil and Gold
trend | adx | psar | pps | macd | macd trend | sto | sto zone | |
---|---|---|---|---|---|---|---|---|
USO | ||||||||
GLD |
Global
trend | adx | psar | pps | macd | macd trend | sto | sto zone | |
---|---|---|---|---|---|---|---|---|
EUR/USD | ||||||||
USD/JPY | ||||||||
EEM |
The USD/JPY bear phase shown by Person's Proprietary Signal counts as a bull phase for the yen, something that can hurt Japan's export-driven economy. More on the forex posting, coming shortly.
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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