11/19 Morningline

• Treasury long-term bonds to bull phase on Person's Proprietary Signal (pps), but it ghosts away; on-balance volume shows beginnings of an uptrend (TLT).
• See a discussion of ghosting and other TLT signals, below.
• Method change: In this text at the top I'll note only major phase switches, on the pps, parabolic sar and macd.

Stocks and Rates

	pps	psar	macd		obv	h-a trend		ma20	ma50	ma200
SPY
QQQQ
VIX
TLT
JNK

It's not unusual for Person's Proprietary Signal (pps) to give a signal early in the day that later (often quickly) disappears. That's what has happened this morning with a bull signal on TLT.

If the signal reappears and is in place at the end of the trading day, then I consider the signal to be tradeable, since there is on-balance volume confirmation.

TLT is clearing trying to reverse: The Heikin-Ashi candlestick chart shows three one-day reversals in a row, today being the third. It takes two consecutive candles pointing in the same direction to constitute a trend, so the TLT downtrend is not yet reversed on this indicator.

Also, the macd has been rising and is a bear 0.04 below the zero line, also suggesting that TLT is poised for a bull phase switch.

Oil and Gold

	pps	psar	macd		obv	h-a trend		ma20	ma50	ma200
USO
GLD

Global

	pps	psar	macd		obv	h-a trend		ma20	ma50	ma200
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:

• 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.