Bank of New York Mellon, Cree, Rio Tinto, State Street and Xerox have divergence between their longer-term price-channel phase and the more volatile parabolic sar. Under my trading rules, I would close open positions in my accounts.
The etf tracking the U.S. dollar against a basket of other currencies returned to agreement between the price-channel and the parabolic sar. Under my trading rules, I would re-open positions in my accounts.
Marvell Technology and the etf tracking uranium showed their trends strengthen into the 30s as measured by the average directional index (adx).
Bear Positions
AOD, AXP, BP, PRU, XLB hit stop/loss and return to neutral phase.
BK, CREE, RIO, STT, XRX show divergence between the price-channel phase and the parabolic sar.
UUP returns to agreement between the price-channel phase and parabolic sar.
| sym | adx | traj | psar | bday | blevel | bstop | 2-day? |
|---|---|---|---|---|---|---|---|
| AFL | mar11 | $54.80 | $56.44 | ||||
| AMR | jan20 | $7.54 | $7.77 | ||||
| AMZN | mar7 | $166.90 | $171.91 | ||||
| AOD | mar15 | $5.77 | $5.94 | ||||
| AUD/JPY | mar15 | ¥80.97 | ¥83.40 | ||||
| AXP | mar16 | $42.40 | $43.67 | ✔ | |||
| BBBY | mar8 | $46.78 | $48.18 | ||||
| BBY | feb11 | $33.40 | $34.40 | ||||
| BK | mar10 | $29.31 | $30.19 | ||||
| BP | mar15 | $43.43 | $44.73 | ||||
| BRCM | feb18 | $41.94 | $43.20 | ||||
| C | mar4 | $4.54 | $4.68 | ||||
| CCJ | mar13 | $36.95 | $38.06 | ||||
| CREE | mar4 | $50.05 | $51.55 | ||||
| CX | feb22 | $9.10 | $9.37 | ||||
| DRYS | mar15 | $4.61 | $4.75 | ||||
| EEM | mar16 | $44.36 | $45.69 | ✔ | |||
| ESRX | mar11 | $52.96 | $54.55 | ||||
| ETFC* | mar11 | $15.27 | $15.73 | ||||
| EWJ | mar14 | $10.72 | $10.34 | ||||
| EWW | mar15 | $59.10 | $60.57 | ||||
| F | jan31 | $15.62 | $15.15 | ||||
| FCX | feb22 | $52.31 | $53.88 | ||||
| FLEX | mar10 | $7.57 | $7.86 | ||||
| GOOG | mar9 | $587.00 | $604.61 | ||||
| GS | mar7 | $160.12 | $164.71 | ||||
| JNJ | mar11 | $59.36 | $60.68 | ||||
| LVS* | mar9 | $41.87 | $43.10 | ||||
| MGM* | mar10 | $13.10 | $13.49 | ||||
| MRVL | mar11 | $15.65 | $16.12 | ||||
| MSFT | mar1 | $26.43 | $27.22 | ||||
| MT | mar15 | $33.88 | $34.90 | ||||
| NEM | mar8 | $52.69 | $54.27 | ||||
| NOK | feb14 | $9.08 | $9.35 | ||||
| NTAP | feb22 | $51.76 | $53.31 | ||||
| NZD/USD | mar4 | $0.73451 | $0.74873 | ||||
| PALL | mar14 | $74.01 | $76.23 | ||||
| PFG | mar14 | $31.69 | $32.64 | ||||
| PPLT | mar15 | $169.74 | $172.87 | ||||
| PRU | mar15 | $58.23 | $59.98 | ||||
| QQQQ | mar16 | $54.21 | $55.84 | ✔ | |||
| RIO | mar8 | $67.08 | $69.09 | ||||
| SNDK | mar15 | $43.53 | $44.84 | ||||
| SO | mar15 | $37.05 | $37.89 | ||||
| STT | mar10 | $43.45 | $44.75 | ||||
| TEVA | mar11 | $49.01 | $50.08 | ||||
| URA | mar10 | $18.94 | $19.51 | ||||
| USD/CHF | feb23 | SF0.92978 | SF0.93922 | ||||
| USD/JPY | mar14 | ¥80.92 | ¥83.18 | ||||
| UUP | feb24 | $22.13 | $22.32 | ||||
| VNM | feb22 | $25.35 | $26.11 | ||||
| WMT | feb22 | $53.14 | $54.73 | ||||
| XLB | mar15 | $37.06 | $38.15 | ||||
| XLK* | mar15 | $25.05 | $25.63 | ||||
| XLP | mar16 | $28.80 | $29.48 | ✔ | |||
| XLU | mar16 | $31.23 | $31.96 | ||||
| XRX | mar10 | $10.30 | $10.61 |
Key
- adx: Average direction index location, indicating the strength, or the temperature, of the trend. Orange for 40 or greater, aqua (light blue) for 30 and up but below 40, magenta (light purple) for 20 and up but below 30, and brown for anything below 20. (Mnemonic: Orange for the overhead sun, blue for the surrounding sky, purple for sunset on the horizon and brown for the earth.)
- traj: Trajectory of the ADX, green for strengthening, red for weakening or yellow for unchanging. Note that if the adx column is orange and the trajectory column is red, then the position must be closed.
- psar: The parabolic sar, either green for bullish or red for bearish.
- bday: Breakout day, the day the price broke through the upper or lower 55-day price line.
- blevel: Breakout level, the price level of the line that was broken through.
- bstop: The stop/loss price calculated on breakout days as the 14-day average true range below the breakout-day low for a bull phase and above thre breakout-day high for a bear phase.
- 2-day?: Marked with an "✔" if the two-day rule is in effect. Under the rule, if the price closes below the breakout level on each of the two days following breakout day, then the position must be exited.
About channel analysis
Read a detailed explanation of my channel analysis method, 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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