Sunday, October 31, 2010

On the Road

I'm travelling Monday and Tuesday, and as a result my posting schedule will be disrupted big-time.

There will be no Morningline or Forex on Monday or Tuesday. I shall post an Almanac both days, but it will be late on Monday.

Beginning Wednesday, everything will be back to normal.

Friday, October 29, 2010

11/1 Almanac

On Monday, Nov. 1: Personal income and outlays, manufacturing.

There are 19 days before the November options expire, 47 the December and 82 the January.

On the jump, market stats, econ reports, and the trading calendar . . .

10/29 Forex

  • U.S. dollar to bear phase against the yen (USD/JPY).
  • New Zealand dollar moves to bull phase against the U.S. dollar (USD/NZD).

ppspps openupper pivotlower pivot
EUR/USD US$1.39 US$1.39 oct19 US$1.40 US$1.30
AUD/USD US$0.98 US$0.99 oct25 US$1.00 US$0.91
USD/CAD C$1.02 C$1.03 oct25 C$1.06 C$1.02
USD/JPY¥81 ¥81.00 oct29 ¥85 ¥82
GBP/CHF C$1.57 C$1.53 sep25 C$1.58 C$1.52
GBP/USD US$1.60 US$1.58 oct28 US$1.60 US$1.54
EUR/JPY ¥112 ¥107.82 sep14 ¥117 ¥108
AUD/JPY ¥79 ¥80 oct19 ¥83 ¥77
USD/CHFSF0.99 SF0.96 oct19 SF1.02 SF0.96
NZD/USD US$0.76 US$0.75 oct29 US$0.75 US$0.72
USD/MXN M$12.34 M$12.39 oct21 M$13.06 M$12.28

10/29 Morningline

  • S&P 500 drops to within 1% of 20-day moving average (SPY).
  • Gold moves to bull phase on Person's Proprietary Signal; Heikin-Ashi trend turns up (GLD).
  • Dollar to bear phase on Person's in trading trading against the yen; price more than 1% below the 20-day moving average (USD/JPY).

Stocks and Rates
h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

Thursday, October 28, 2010

10/29 Almanac

On Friday, Oct. 29: Gross Domestic Product.

There are 22 days before the November options expire, 50 the December and 85 the January.

On the jump, market stats, econ reports, and the trading calendar . . .

NLY Watch

Primo income play Annaly Capital Management Inc. (NLY) came in 7¢ short of estimates when it announced earnings after yesterday's close, and its punishment was a downward gap and a decline that at one point had shares trading nearly 4% below yesterday's close.

Ah, my dividends! Ah, my capital losses. Time to jackrabbit??

h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
NLY $17.38

IDCC Watch

Wednesday morning's major angst concerned the cellphone tech company InterDigital Inc. (IDCC). Just before the earnings release, the stock showed bull phase with a concomitant price rise.

I always think that signals so close to earnings are suspicious, so the choice was, Listen to the signal in anticipation of a happy dance on earnings day, or stay away and avoid the risk. The former was like putting all my chips on red; the latter, like ignoring a $100 bill blowing down the sidewalk.

h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
IDCC $33.01

10/28 Forex

  • The U.S. dollar moves to bull phase against the yen (USD/JPY).
  • Cable to bull phase against the U.S. dollar (GBP/USD).

ppspps openupper pivotlower pivot
EUR/USD US$1.39 US$1.39 oct19 US$1.40 US$1.30
AUD/USD US$0.98 US$0.99 oct25 US$1.00 US$0.91
USD/CAD C$1.03 C$1.03 oct25 C$1.06 C$1.02
USD/JPY¥81 ¥81.43 sep27 ¥85 ¥82
GBP/CHF C$1.57 C$1.53 sep25 C$1.58 C$1.52
GBP/USD US$1.59 US$1.58 oct28 US$1.60 US$1.54
EUR/JPY ¥113 ¥107.82 sep14 ¥117 ¥108
AUD/JPY ¥79 ¥80 oct19 ¥83 ¥77
USD/CHFSF0.98 SF0.96 oct19 SF1.02 SF0.96
NZD/USD US$0.75 US$0.75 sep US$0.75 US$0.72
USD/MXN M$12.39 M$12.39 oct21 M$13.06 M$12.28

10/28 Morningline

  • Gold rises to within 1% of the 20-day moving average (GLD).
  • Yen enters mid-term bull phase against the dollar (USD/JPY).
  • Emerging markets whipsaw back to bear phase on Person's Proprietary Signal (EEM).
  • Fast stochastic phase switches:
    • Bull: Gold (GLD).
    • Bear: Dollar-yen (USD/JPY).

Stocks and Rates
h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

Wednesday, October 27, 2010

10/27 Forex

  • No new signals on the high-volume currency pairs.

ppspps openupper pivotlower pivot
EUR/USD US$1.38 US$1.39 oct19 US$1.40 US$1.30
AUD/USD US$0.97 US$0.99 oct25 US$1.00 US$0.91
USD/CAD C$1.03 C$1.03 oct25 C$1.06 C$1.02
USD/JPY¥82 ¥85.08 sep22 ¥85 ¥82
GBP/CHF C$1.56 C$1.53 sep25 C$1.58 C$1.52
GBP/USD US$1.58 US$1.59 oct19 US$1.60 US$1.54
EUR/JPY ¥113 ¥107.82 sep14 ¥117 ¥108
AUD/JPY ¥79 ¥80 oct19 ¥83 ¥77
USD/CHFSF0.99 SF0.96 oct19 SF1.02 SF0.96
NZD/USD US$0.74 US$0.75 sep US$0.75 US$0.72
USD/MXN M$12.44 M$12.39 oct21 M$13.06 M$12.28

10/27 Morningline

  • Fear index to bull phase on Person's Proprietary Signal; price moves more than 1% above the 20-day moving average (VIX).
  • Gold stays just below the 20-day moving average (GLD).
  • Dollar to bull phase against the yen on the parabolic sar, macd; price within 1% of the 20-day moving average (USD/JPY).
  • Emerging markets turn bearish on all major signals (EEM).
  • Fast stochastic phase switches:
    • Bull: Nasdaq 100 (QQQQ).
    • Bear: Treasury long-term bonds (TLT).

Stocks and Rates
h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

10/28 Almanac

Updated with Wednesday's market stats.

On Thursday, Oct. 28: Jobless claims, natural gas.

There are 23 days before the November options expire, 51 the December and 86 the January.

On the jump, market stats, econ reports, and the trading calendar . . .

10/27 On the Road

I'll be travelling today through Wednesday of next week, so my posting schedule will be a bit sketchy. For today, look for the Morningline and Forex posts shortly. I'll do a preliminary version of Thursday's Almanac, and fill in the market stats around 9 p.m. Eastern.

Tuesday, October 26, 2010

10/27 Almanac

On Wednesday, Oct. 27: Durable goods, new homes.

There are 24 days before the November options expire, 52 the December and 87 the January.

On the jump, market stats, econ reports, and the trading calendar . . .

IDCC Watch

The digital wireless tech company InterDigital Inc. (IDCC) has moved to bull phase on Person's Proprietary Signal (pps), setting a higher price high in a runup that began a year ago. Earnings will be announced after the close on Wednesday.

h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
IDCC $30.80

NLY Watch

The real-estate investment trust Annaly Capital Management Inc. (NLY) has switched to bear phase on Person's Proprietary Signal (pps) after an 11-trading-day bull run that boosted the price by 2.6%. Earnings will be released after the market close on Thursday.

h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
$18.10

10/26 Forex

  • No new signals on high-volume currency pairs.

ppspps openupper pivotlower pivot
EUR/USD US$1.39 US$1.39 oct19 US$1.40 US$1.30
AUD/USD US$0.98 US$0.99 oct25 US$1.00 US$0.91
USD/CAD C$1.02 C$1.03 oct25 C$1.06 C$1.02
USD/JPY¥81 ¥85.08 sep22 ¥85 ¥82
GBP/CHF C$1.56 C$1.53 sep25 C$1.58 C$1.52
GBP/USD US$1.59 US$1.59 oct19 US$1.60 US$1.54
EUR/JPY ¥113 ¥107.82 sep14 ¥117 ¥108
AUD/JPY ¥80 ¥80 oct19 ¥83 ¥77
USD/CHFSF0.98 SF0.96 oct19 SF1.02 SF0.96
NZD/USD US$0.75 US$0.75 sep US$0.75 US$0.72
USD/MXN M$12.39 M$12.39 oct21 M$13.06 M$12.28

10/26 Morningline

  • S&P 500, Nasdaq 100 turn to bear phase on the macd (SPY, QQQQ).
  • Fear index changes to bull phase on macd, Person's Proprietary Signal (pps); third pps phase change in six trading days; straddles 20-day moving average (VIX).
  • Pps bull phase on Treasury long-term bonds, crude oil ghosts away; both back in bear phase; crude straddling the 20-day moving average (TLT, USO).
  • Corporate high-yield debt bumps up to more than 1% above the 20-day moving average (JNK).
  • Emerging markets drop back to within 1% of the 20-day moving average (EEM).
  • Fast stochastic phase switches:
    • Bull: Dollar vs. yen (USD/JPY).
    • Bear: S&P 500 (SPY), Nasdaq 100 (QQQQ), gold (GLD).

Stocks and Rates
h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

Monday, October 25, 2010

10/26 Almanac

On Tuesday, Oct. 26: Home prices, consumer confidence.

There are 25 days before the November options expire, 53 the December and 88 the January.

On the jump, market stats, econ reports, and the trading calendar . . .

10/25 Forex

  • Australian dollar turns to bull phase against U.S. dollar (AUD/USD).
  • U.S. dollar to bear phase against the Canadian dollar (USD/CAD).
  • Cable bullish against the Swiss franc (GBP/CHF).

ppspps openupper pivotlower pivot
EUR/USD US$1.40 US$1.39 oct19 US$1.40 US$1.30
AUD/USD US$1.00 US$0.99 oct25 US$1.00 US$0.91
USD/CAD C$1.02 C$1.03 oct25 C$1.06 C$1.02
USD/JPY¥81 ¥85.08 sep22 ¥85 ¥82
GBP/CHF C$1.53 C$1.53 sep25 C$1.58 C$1.52
GBP/USD US$1.57 US$1.59 oct19 US$1.60 US$1.54
EUR/JPY ¥113 ¥107.82 sep14 ¥117 ¥108
AUD/JPY ¥80 ¥80 oct19 ¥83 ¥77
USD/CHFSF0.97 SF0.96 oct19 SF1.02 SF0.96
NZD/USD US$0.76 US$0.75 sep US$0.75 US$0.72
USD/MXN M$12.29 M$12.39 oct21 M$13.06 M$12.28

10/25 Morningline

  • S&P 500 moves to bull phase on Person's Proprietary Signal (pps), macd (SPY).
  • Treasury long-term debt shows bull phase on the pps (TLT).
  • Crude oil turns bullish on the pps, moves to more than 1% above the 20-day moving average; Heikin-Ashi trend turns up (USO).
  • Emerging markets return to bull phase on the pps, move above the 20-day moving average 1% band (EEM).
  • Fast stochastic phase switches:
    • Bull: S&P 500 (SPY), gold (GLD), emerging markets (EEM).
    • Bear: dollar-yen (USD/JPY).

Stocks and Rates
h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

Friday, October 22, 2010

10/25 Almanac

On Monday, Oct. 25: Existing home sales.

There are 26 days before the November options expire, 54 the December and 89 the January.

On the jump, market stats, econ reports, and the trading calendar . . .

CMG Watch

When last we left Chipotle Mexican Grill Inc. (CMG), we were fretting over a bear signal, just hours before the fast food chain was due to release its earnings.

I find these to be the toughest of calls, because reason tugs one way and the signal another. In the end, I went with reason, and that gamble proved to be correct.

CMG produced a 21¢ earnings surprise (earnings per share: $1.52) and gapped appropriately to as high as 10.2% above yesterday's close.

h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
CMG $197.12

10/22 Slow Trading Alert

The exchange-traded fund that tracks the S&P 500, SPY, turned bullish as the 50-day moving average crossed above the 200-day moving average.

This is a very long-term strategy, suitable for mutual funds and other restricted-trading environments, or for people who really have better things to do with their lives than monitor the market every day.

This is only the third bullish crossover on SPY in the past five years, so it is a v-e-r-r-r-y s-l-o-o-o-w strategy.

10/22 Forex

  • No new forex signals today.


ppspps openupper pivotlower pivot
EUR/USD US$1.39 US$1.39 oct19 US$1.40 US$1.30
AUD/USD US$0.98 US$1.01 oct19 US$1.00 US$0.91
USD/CAD C$1.02 C$1.01 oct18 C$1.06 C$1.02
USD/JPY¥81 ¥85.08 sep22 ¥85 ¥82
GBP/CHF C$1.53 C$1.56 sep21 C$1.58 C$1.52
GBP/USD US$1.57 US$1.59 oct19 US$1.60 US$1.54
EUR/JPY ¥113 ¥107.82 sep14 ¥117 ¥108
AUD/JPY ¥80 ¥80 oct19 ¥83 ¥77
USD/CHFSF0.97 SF0.96 oct19 SF1.02 SF0.96
NZD/USD US$0.75 US$0.75 sep US$0.75 US$0.72
USD/MXN M$12.37 M$12.39 oct21 M$13.06 M$12.28

10/22 Morningline

  • S&P 500 moves to bear phase on the macd, but without conviction (SPY).
  • Fear index whipsaws to bear phase on Person's Proprietary Signal; Heikin-Ashi trend turns down (VIX).
  • Treasury long-term bonds resume downtrend on the Heikin-Ashi candlesticks (TLT).
  • Corporate high-yield debt returns to bull phase on the macd (JNK).
  • Euro drops back to within 1% of the 20-day moving average in trading against the dollar; Heikin-Ashi trend turns up, but with ambiguity (EUR/USD).
  • Emerging markets also back to within 1% of the 20-day ma; Heikin-Ashia trend turns up, but weakly (EEM).
  • Fast stochastic phase changes:
    • Bull: Dollar against the yen (USD/JPY).
    • Bear: Gold (GLD).

Stocks and Rates
h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

Thursday, October 21, 2010

10/22 Almanac

On Friday, Oct. 22: No econ reports. G20 finance ministers meet.

There are 29 days before the November options expire, 57 the December and 92 the January.

On the jump, market stats, econ reports, and the trading calendar . . .

CMG Watch

Chipotle Mexican Grill Inc. (CMG) is showing bear phase on Person's Proprietary Signal (pps) and the parabolic sar, hours before the company releases its earnings after the close. The macd and fast stochastic are also in bear phase.

The quandary: Is the signal due to a sudden rush of negative sentiment before the numbers come out? Or is it just earnings-announcement-averse traders getting out to avoid any possible surprise?

h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
CMG $179.60

SPY Watch

The S&P 500 (SPY) has lost the bull phase that showed up this morning on the Person's Proprietary Signal (pps).

It's not unusual for the pps to disappear -- to "ghost" -- when the price moves against the signal intraday, and that's what has happened to SPY.

The price has traversed 1.6% in a downward move today.

10/21 Slow Trading

SPY, the exchange-traded fund that tracks the S&P 500, is 7¢ away from the 50-day moving average crossing above the 200-day moving average.

For slow traders, the cross is a signal to open bull positions. I've jumped the gun a bit, adding SPY to my slow-trading holdings on the strength of a near-term bull signal that suggests, to me, that the crossover will happen.

MRF Watch

I'm adding the American Income Fund Inc. (MRF) to my Income Watchlist. The closed-end fund holds bonds, 65% of which are rated investment grade, and pays 7.84% dividends.

h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
MRF $9.18

10/21 Forex

  • U.S. dollar returns to bear phase against the Mexican peso after a brief bullish whipsaw (USD/MXN)

ppspps openupper pivotlower pivot
EUR/USD US$1.40 US$1.39 oct19 US$1.40 US$1.30
AUD/USD US$0.99 US$1.01 oct19 US$1.00 US$0.91
USD/CAD C$1.02 C$1.01 oct18 C$1.06 C$1.02
USD/JPY¥81 ¥85.08 sep22 ¥85 ¥82
GBP/CHF C$1.52 C$1.56 sep21 C$1.58 C$1.52
GBP/USD US$1.58 US$1.59 oct19 US$1.60 US$1.54
EUR/JPY ¥114 ¥107.82 sep14 ¥117 ¥108
AUD/JPY ¥80 ¥80 oct19 ¥83 ¥77
USD/CHFSF0.96 SF0.96 oct19 SF1.02 SF0.96
NZD/USD US$0.75 US$0.75 sep US$0.75 US$0.72
USD/MXN M$12.34 M$12.39 oct21 M$13.06 M$12.28

10/21 Morningline

  • S&P 500 moves to bull phase on Person's Proprietary Signal, parabolic sar; Heikin-Ashi trend turns up (SPY).
  • Treasury long-term bonds show uptrend on Heikin-Ashi candlesticks (TLT).
  • Corporate high-yield debt whipsaws back to bull phase on Person's Proprietary Signal; fourth whipsaw in six trading days (JNK).
  • Euro moves to more than 1% above the 20-day moving average in trading against the dollar (EUR/USD).
  • Emerging markets also more than 1% above the 20-day ma (EEM).
  • Fast stochastic phase changes:
    • Bull: S&P 500 (SPY), Treasury long-term bonds (TLT), Corporate high-yield debt (JNK), crude oil (USO).

Stocks and Rates
h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

Wednesday, October 20, 2010

10/21 Almanac

On Thursday, Oct. 21: Philadelphia Fed survey, weekly jobless claims.

There are 30 days before the November options expire, 58 the December and 93 the January.

On the jump, market stats, econ reports, and the trading calendar . . .

10/20 Forex

  • No new signals on the currency pairs I follow.


ppspps openupper pivotlower pivot
EUR/USD US$1.39 US$1.39 oct19 US$1.40 US$1.30
AUD/USD US$0.98 US$1.01 oct19 US$1.00 US$0.91
USD/CAD C$1.03 C$1.01 oct18 C$1.06 C$1.02
USD/JPY¥81 ¥85.08 sep22 ¥85 ¥82
GBP/CHF C$1.52 C$1.56 sep21 C$1.58 C$1.52
GBP/USD US$1.58 US$1.59 oct19 US$1.60 US$1.54
EUR/JPY ¥113 ¥107.82 sep14 ¥117 ¥108
AUD/JPY ¥80 ¥80 oct19 ¥83 ¥77
USD/CHFSF0.96 SF0.96 oct19 SF1.02 SF0.96
NZD/USD US$0.75 US$0.75 sep US$0.75 US$0.72
USD/MXN M$12.43 M$13.07 sep2 M$13.06 M$12.28

10/20 Morningline

  • S&P 500 indicators move to bear phase (SPY).
  • Fear index turns to bull phase on Person's Proprietary Signal (VIX).
  • Treasury long-term bonds whipsaw back to bear phase on Person's Proprietary Signal (TLT).
  • Gold trend turns down (GLD).
  • Fast stochastic phase changes:
    • Bull: Gold (GLD), euro against the dollar (EUR/USD), emerging markets (EEM).
    • Bear: Dollar against the yen (USD/JPY).

Stocks and Rates
h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

MO Watch

Altria Group Inc. (MO) has reversed the bear signals that I wrote about on Tuesday after earnings that exceeded the consensus estimate by 2¢. The price is presently within Tuesday's range.

h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
MO $24.88

Tuesday, October 19, 2010

10/20 Almanac

On Wednesday, Oct. 20: Beige book, oil inventories.

There are 31 days before the November options expire, 59 the December and 94 the January.

On the jump, market stats, econ reports, and the trading calendar . . .

SPY Watch

The exchange-traded fund that tracks the S&P 500, SPY, has moved to bear phase on the parabolic sar and Person's Proprietary Signal, as well as the macd and the fast stochastic. The price has moved to within 1% of the 20-day moving average.

MO Watch

Tobacco company Altria Group Inc. (MO), one of my Watch stocks (and a holding), has developed a late-day bear phase on Person's Proprietary Signal. Earnings will be announced on Wednesday before the open, so this is skedaddle time if skedaddle we must.

h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
MO $24.65

LVS Watch

The gambling resort company Las Vegas Sands Corp. (LVS) moved to bear phase on a major technical tool, ending a 33-trading-day rise tha was punctuated bya a couple of one-day signal whipsaws but no price setbacks.

h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
LVS $37.90

10/19 Forex

  • The headline is: Stronger Dollar. News reports call it a flight to safety after China raises of an important interest rate.
  • Euro, cable, Australian dollar, New Zealand dollar, to bear phase in trading against the U.S. dollar (EUR/USD, GBP/USD, AUD/USD, NZD/USD).
  • U.S. dollar bull phase against the Canadian dollar is back after a day of ghosting (USD/CAD).
  • U.S. dollar also moves to bull phase against the Swiss franc (USD/CHF).
  • Australian dollar turns bearish against the yen (AUD/JPY).
  • U.S. dollar showed bull phase against the Mexican peso, but it ghosted away, leaving the pair in bear phase (USD/MXNf).

ppspps openupper pivotlower pivot
EUR/USD US$1.38 US$1.39 oct19 US$1.40 US$1.30
AUD/USD US$0.97 US$1.01 oct19 US$1.00 US$0.91
USD/CAD C$1.03 C$1.01 oct18 C$1.06 C$1.02
USD/JPY ¥82 ¥85.08 sep22 ¥85 ¥82
GBP/CHF C$1.53 C$1.56 sep21 C$1.58 C$1.52
GBP/USD US$1.57 US$1.59 oct19 US$1.60 US$1.54
EUR/JPY ¥113 ¥107.82 sep14 ¥117 ¥108
AUD/JPY ¥80 ¥80 oct19 ¥83 ¥77
USD/CHFSF0.97 SF0.96 oct19 SF1.02 SF0.96
NZD/USD US$0.75 US$0.75 sep US$0.75 US$0.72
USD/MXN M$12.47 M$13.07 sep2 M$13.06 M$12.28

10/19 Morningline

  • Fear index moves to bull phase on the parabolic sar (VIX).
  • High-yield corporate debt shows bull phase on Person's Proprietary Signal, ending a two-day bear whipsaw, but turns bearish on the macd (JNK).
  • Crude oil drops to within 1% of the 20-day moving average as Person's Proprietary Signal (pps) both turn to bear phase (USO).
  • Crude has whipsawed five times on the pps in nine trading days, the most recent bear phase lasting but one day (USO).
  • Gold turns to bear phase on Person's Proprietary Signal on a 2.8% downward gap at the open allows the price to touch the 20-day moving average. Parabolic sar, macd also turn bearish (GLD).
  • Euro moves to bear phase against the dollar on the parabolic sar, Person's Proprietary Signal, macd; drops to within 1% of the 20-day moving average; Heikin-Ashia trend turns down (EUR/USD).
  • Emerging markets drop to within 1% of the 20-day moving average; bear phase on parabolic sar, Person's Proprietary Signal, macd; downtrend on the Heikin-Ashi candlesticks (EEM).
  • Fast stochastic phase switches:
    • Bull: Dollar-yen (USD/JPY).
    • Bear: S&P 500 (SPY), high-yield corporate debt (JNK), gold (GLD), emerging markets (EEM).

Stocks and Rates
h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

Monday, October 18, 2010

10/19 Almanac

On Tuesday, Oct. 19: Housing starts.

There are 32 days before the November options expire, 60 the December and 95 the January.

On the jump, market stats, econ reports, and the trading calendar . . .

10/18 Forex Update

The bull signal on USD/CAD reported this morning has ghosted a way. So USD/CAD remains in bear phase, as it has been since Oct. 1.

Often a ghost signal one day will be followed by a persistant signal the next, so USD/CAD is worth keeping an eye.

10/18 Forex

  • U.S. dollar shows bull phase against its Candadian counterpart (USD/CAD).

ppspps openupper pivotlower pivot
EUR/USD US$1.39 US$1.27 oct13 US$1.40 US$1.30
AUD/USD US$0.99 US$0.89 aug27 US$1.00 US$0.91
USD/CAD C$1.02 C$1.01 oct18 C$1.06 C$1.02
USD/JPY¥81 ¥85.08 sep22 ¥85 ¥82
GBP/CHF C$1.52 C$1.56 sep21 C$1.58 C$1.52
GBP/USD US$1.59 US$1.59 oct14 US$1.60 US$1.54
EUR/JPY ¥113 ¥107.82 sep14 ¥117 ¥108
AUD/JPY ¥80 ¥81 oct15 ¥83 ¥77
USD/CHFSF0.96 SF1.00 sep21 SF1.02 SF0.96
NZD/USD US$0.75 US$0.73 sep US$0.75 US$0.72
USD/MXN M$12.43 M$13.07 sep2 M$13.06 M$12.28

10/18 Morningline

  • Crude oil moves to bear phase on Heikin-Ashi trend and the parabolic sar (USO).
  • Euro turns bearish on the macd in trading against the dollar (EUR/USD).
  • Fast stochastic phase changes:
    • Bear: Gold (GLD), emerging markets (EEM)

Stocks and Rates
h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

Friday, October 15, 2010

10/18 Almanac

On Monday, Oct. 18: Industrial production.

There are 33 days before the November options expire, 61 the December and 96 the January.

On the jump, market stats, econ reports, and the trading calendar . . .

10/15 Slow Trading

  • SPY within 47¢ of a bull crossover.

phasema50
direction
ma200ma50
D $41.06 $43.94
EEM $40.98 $42.92
GLD $116.26 $124.34
IDCC $26.71 $27.21
JNK $38.98 $39.42
NLY $17.47 $17.72
QQQQ $46.43 $47.13
SPY $112.25 $111.78
USO $36.39 $33.98

10/15 Forex

  • No new signals on the pairs that I follow.
  • I'll be expanding coverage to more pairs next week.

ppspps openupper pivotlower pivot
EUR/USD US$1.40 US$1.27 oct13 US$1.40 US$1.30
USD/JPY¥81 ¥85.08 sep22 ¥85 ¥82
GBP/USD US$1.60 US$1.59 oct14 US$1.60 US$1.54
EUR/JPY ¥114 ¥107.82 sep14 ¥117 ¥108
USD/CAD C$1.01 C$1.03 sep24 C$1.06 C$1.02
USD/MXN M$12.42 M$13.07 sep2 M$13.06 M$12.28

10/15 Morningline

  • Nasdaq 100 macd whipsaws back into bull phase (QQQQ).
  • Fear index moves to Heikin-Ashi uptrend (VIX).
  • Treasury long-term bonds fall well below the 20-day moving average (TLT).
  • Corporate high-yield debt shows bear phase on Person's Proprietary Signal; drops to within 1% of the 20-day moving average (JNK).
  • Crude oil drops to more than 1% below the 200-day moving average (USO).
  • Fast stochastic phase switches:
    • Bear: TLT, JNK, EUR/USD, USD/JPY

Stocks and Rates
h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

Thursday, October 14, 2010

10/15 Almanac

On Friday, Oct. 15: Consumer prices, retail sales.

This is the last trading day for October options. There are 36 days before the November options expire and 65 the December.

On the jump, market stats, econ reports, and the trading calendar . . .

IDCC Watch

The digital wireless tech company InterDigital Inc. (IDCC) -- think cellphones -- is showing bull phase on Person's Proprietary Signal (pps) as the price approaches the most recent higher high in an uptrend that began Aug. 31. I'm adding the stock to both my Fast Trading and Slow Trading watchlists as a potential bull play.

h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
IDCC $30.06

10/14 Slow Trading

  • SPY continues approach to bullish crossover; 50- and 200-day moving average distance less than 0.5%.

phasema50
direction
ma200ma50
D $41.04 $43.92
EEM $40.95 $42.84
GLD $116.12 $124.00
JNK $38.97 $39.41
NLY $17.47 $17.70
QQQQ $46.41 $47.05
SPY $112.23 $111.70
USO $36.41 $34.01

10/14 Forex

  • Cable whipsaws back to bull phase against the U.S. dollar (GBP/USD)


ppspps openupper pivotlower pivot
EUR/USD US$1.41 US$1.27 oct13 US$1.40 US$1.30
USD/JPY¥81 ¥85.08 sep22 ¥85 ¥82
GBP/USD US$1.60 US$1.59 oct14 US$1.60 US$1.54
EUR/JPY ¥115 ¥107.82 sep14 ¥117 ¥108
USD/CAD C$1.00 C$1.03 sep24 C$1.06 C$1.02
USD/MXN M$12.40 M$13.07 sep2 M$13.06 M$12.28