Thursday, December 23, 2010

12/23 Morningline

  • S&P 500 bear phase on Person's Proprietary Signal (pps) ghosts away; remains in bull phase (SPY).
  • Opposite, the fear index, pps bull phase ghosts, still in bear phase (VIX).
  • And the parabolic sar bull phase on Treasury high-yield bonds ghosts back to bear phase (TLT).
  • It's a Pac-Man Market! Too Many Ghosts!
  • Crude oil to bull phase on the parabolic sar (USO).
  • Dollar to bear phase on the parabolic sar in trading against the yen (USD/JPY).

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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