Thursday, November 11, 2010

11/11 Morningline

Stocks, corporates weaken further, but can any signal be trusted on a semi-holiday?
  • S&P 500, Nasdaq 100 bear phase, wiped out in yesterday's late day rise, returns this morning, but neither is confirmed by on-balance volume; Heikin-Ashi trend turns down on both (SPY, QQQQ).
  • Fear index shows Heikin-Ashi uptrend (VIX).
  • Corporate high-yield debt's on-balance volume sets a lower low; not yet downtrending, but it's now a possibility; price drops below 20-day moving average (JNK).

It's Veterans Day. Stocks, options and futures are trading. Bonds are not.

Stocks and Rates
ppspsarmacd obvh-a trend ma20ma50ma200

Below, oil and gold, and global indicators.

Oil and Gold
ppspsarmacd obvh-a trend ma20ma50ma200

ppspsarmacd obvh-a trend ma20ma50ma200

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

  • h-a trend - Heikin-Ashi trend.
  • obv - On-Balance Volume.
  • pps - Person's Proprietary Signal.
  • psar - Parabolic Stop and Reverse
  • ma20 - 20-day moving average
  • ma50 - 50-day moving average
  • ma200 - 200-day moving average
  • macd - Moving Average Convergence-Divergence

About the glance: The colors indicate the state of each signal.
  • Signal Section:
    • pps, psar, macd: green for bull mode, red for bear.
  • Confirmation Section:
    • obv: green for uptrending, red for downtrending.
    • h-a trend: green for uptrending, red for downtrending.
  • Environment Section:
    • ma20, ma50, ma200: green for above the average, red for below the average.

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