The downturn is being blamed on Egypt's political problems for some reason. Here's the test: When was the last time, prior to this week, that you thought about Egypt when placing a trade? ... Thought so. Maybe we need to look elsewhere for the cause.
- S&P 500, Nasdaq 100 drop to neutrality (SPY, QQQQ).
- Treasury long-term bonds rise to neutrality (TLT).
- Corporate high-yield debt, crude oil turn neutral on signal divergence (JNK, USO).
Stocks and Rates
| phase | pfe | pps | trend | ||
|---|---|---|---|---|---|
| SPY | |||||
| QQQQ | |||||
| VIX | |||||
| TLT | |||||
| JNK |
Tangibles
| phase | pfe | pps | trend | ||
|---|---|---|---|---|---|
| USO | |||||
| GLD |
Global
| phase | pfe | pps | trend | ||
|---|---|---|---|---|---|
| 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
Table Abbreviations:
- pfe - Location of the polarized fractal efficiency line.
- pps - Person's Proprietary Signal mode.
- trend - Trend of the polarized fractal efficiency line.
Key to the PPS/PFE tables
| column | color | meaning |
|---|---|---|
| phase | bull phase | |
| bear phase | ||
| pfe | +100 and above | |
| +50 to below 100 | ||
| 0 to below +50 | ||
| below 0 to above -50 | ||
| -50 to above -100 | ||
| below -100 | ||
| pps | bull confirmation | |
| bear confirmation | ||
| trend | uptrend | |
| no trend | ||
| downtrend |
More on the PFE/PPS analysis
Read a detailed explanation of the analytical tools and how they’re used, including trading rules.
Disclaimer
Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.
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