Tuesday, September 28, 2010

9/28 Morningline

  • S&P 500, Nasdaq 100 move to bear phase on the fast stochastic (SPY, QQQQ).
  • Fear index moves to bull phase on Person's Proprietary Signal, fast stochastic; pushes above the 20-day and 200-day moving averages (VIX).
  • Treasury long-term bonds rise well above the 20-day moving average (TLT).
  • Corporate high-yield debt returns to bear phase on the fast stochastic (JNK).
  • Gold turns bearish on the fast stochastic (GLD).
  • Dollar flipping between barely bullish and barely bearish on the macd in trading against the yen (USD/JPY).
  • Emerging markets move to bear phase on the fast stochastic (EEM).

Stocks and Rates
trendstosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

The more volatile indicators are turning bearish almost across the board when it comes to corporate profits (stocks, junk bonds). So naturally, Treasury bonds are showing renewed bullishness as safe havens.

Below, oil and gold, and global indicators.

Oil and Gold
trendstosto
zone
ppspsarmacdmacd
trend
ma20ma200
USO
GLD

Global
trendstosto
zone
ppspsarmacdmacd
trend
ma20ma200
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:
  • pps - Person's Proprietary Signal.
  • psar - Parabolic Stop and Reverse
  • ma20 - 20-day moving average
  • ma200 - 200-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.
  • sto: green for bull, red for bear.
  • sto zone: green for overbought (80+), red for oversold (20-), yellow for neutral zone
  • psar, pps, macd: green for bull mode, red for bear.
  • macd trend: green for rising, yellow for sideways, red for falling.
  • neutral.
  • ma20, ma200: green for above the average by more than 1%, red for below the average by more than 1%, yellow for within 1% either side of the average.

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