Crude oil (USO) dropped below the 20-day price channel into neutrality on a large downside gap. Emerging markets (EEM) also moved from bull phase to neutrality.
The S&P 500 (SPY) moved to bear phase on the parabolic sar, diverging from the price-channel bull phase.
The fear index (VIX), now in price-channel bear phase, also diverged with a bull reading on the parabolic sar, as did the U.S. dollar against a basket of currencies (UUP).
Stocks
| sym | chan | adx | traj | psar | bday | blevel | stop | 2-day? |
|---|---|---|---|---|---|---|---|---|
| SPY | apr27 | $135.06 | $133.69 | |||||
| QQQ | apr27; | $59.04 | $58.32 | |||||
| VIX | apr20 | 14.86 | 16.26; |
Bonds
| sym | chan | adx | traj | psar | bday | blevel | stop | 2-day? |
|---|---|---|---|---|---|---|---|---|
| TLT | ||||||||
| JNK* | apr27 | $40.78 | $40.61; |
Tangibles
| sym | chan | adx | traj | psar | bday | blevel | stop | 2-day? |
|---|---|---|---|---|---|---|---|---|
| USO | ||||||||
| GLD | apr5 | $141.28 | $139.72 |
Global
| sym | chan | adx | traj | psar | bday | blevel | stop | 2-day? |
|---|---|---|---|---|---|---|---|---|
| UUP* | apr8 | $21.62 | $21.67 | |||||
| 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
Key
- 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.
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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