9/2 Morningline

• Parabolic sar moves to bull phase on S&P 500, Nasdaq 100 (SPY, QQQQ).
• Nasdaq 100 macd turns bullish (QQQQ).
• Fear index moves to bull phase on the macd (VIX).
• Treasury long-term bonds whipsaw wildly to bear phase (TLT).
• Corporate high-yield debt now in bull phase on Person's Proprietary Signal (JNK).
• Gold negates fast stochastic bear signal; back in bull phase (GLD).
• Parabolic sar moves to bull phase on the euro in trading against the dollar (EUR/USD).

Stocks and Rates

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

The Treasury long bonds (TLT) have whipsawed three times in four days, the last being a move to bear phase in mid-day trading on Wednesday on a large volume spike.

A lower TLT means traders expect high yields going forward, which means they think the Fed is more likely to raise raise rates to cool the economic and to nip inflation in the bud.

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

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.