2/22 Morningline

• Nasdaq 100 drops into neutrality (QQQQ).
• Fear index to bull phase (VIX).
• Crude oil rises to neutral phase (USO).
• Dollar index, emerging markets to bear phase (UUP, EEM).

Updates the "2/22 Morningline" posted after the close on Friday.

Changes: EUR/USD, USD/JPY tracking replaced by the Powershares DB U.S. Dollar Index exchange-traded fund, which tracks the U.S. dollar against a basket of currencies. The EUR/USD and USD/JPY currency pairs will continue to be covered in my daily Forex postings.

Stocks and Rates

	phase		pfe	pps	trend
SPY
QQQQ
VIX
TLT
JNK*

Tangibles

	phase		pfe	pps	trend
USO
GLD

Global

	phase		pfe	pps	trend
UUP
EEM

Indicator Exchange-Traded Fund Symbols:
EEM - emerging markets
GLD - gold
JNK - high-yield corporate bonds
QQQQ - Nasdaq 100 index
SPY - S&P 500 index
TLT - Treasury long-term bonds
USO - crude oil
UUP - U.S. dollar index
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.