- S&P 500, Nasdaq 100 negate bull signals on the fast stochastic; turn back to the bear (SPY, QQQQ).
- Fear index shows bull phase on Person's Proprietary Signal (pps), but it's ghosting (VIX).
- Treasury long-term bonds whipsaw back into bull phase on the pps (TLT).
Stocks and Rates
The major stock/bond indicators are all showing signs of resurgent downwardness for stock prices and bond yields. Bearishness in stocks (SPY, QQQQ) means bonds (TLT) become more attractive, so traders bid up bond prices, reducing their yields. Meanwhile, the so-called "fear index" (VIX) -- volatility of the S&P 500 -- shows bullishness as traders turn bearish on stocks.
It's all typical behavior. The VIX, however, is ghosting -- the pps signal is appearing and disappearing -- suggesting the bear trend in stocks is not all that strong.
Below, oil and gold, and global indicators.
Oil and Gold
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.
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