Wednesday, March 23, 2011

3/23 Indicators

The trend of the fear index, which tracks S&P 100 volatility, weakened into the 20s as measured by the average directional index (adx).

I’ve added the breakout and stop information for indicators that are in bull or bear phase. And I’ve corrected USO to neutral phase; it hit the stop/loss on March 15 and must break out of the price channel, now at $42.83 to the upside, before returning to bull phase.

sym adx traj psar bday blevel stop 2-day?

symadx traj psar bday blevel stop 2-day?

sym adx traj psar bday blevel stop 2-day?

sym adx traj psar bday blevel stop 2-day?
UUP         feb24 $22.13 $22.32  

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

  • chan: Channel phase, with green for bull trend, red for bear trend and yellow for neutral trend.
  • 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, magenta 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.

About channel analysis

Read a detailed explanation of my channel analysis method, including trading rules.

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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