Nasdaq 100 (QQQ) returns to price-channel neutrality; parabolic sar turned bearish late Friday.
The fear index (VIX) and Treasury long-term debt (TLT): Both moved to price-channel bull phase on in intra-day trading on Friday, and both pulled back below the channel boundary that same day. And both gapped down significantly at today’s open. The TLT parabolic sar and macd turned bullish on Friday
Crude oil (USO): The parabolic sar turned to bear phase in late trading Friday.
Gold (GLD): The present bull trend has strengthened, with the average directional index (adx) moving above 25.
The U.S. dollar (UUP) has returned from bear phase to neutrality, having closed for two days within the price channel.
VIX and TLT, among my indicators, are the most sensitive to political risk in the present U.S. debt crisis and its resolution, so traders are deeply into whipsaw territory and I for one shall not take any of these signals as indicating trends.
My debt-crisis play was to go short the U.S. dollar, long the Swiss franc, short SPY and long GLD. Gold didn’t pan out -- my position was stopped out early -- and I’ve unwound my other debt-crisis positions for a nice profit.
Private Trader will be on a limited
vacation schedule through Labor Day, Sept. 6.
Stocks
sym |
phase |
adx |
adx tr |
|
psar |
macd |
SPY |
|
|
|
|
|
|
QQQ |
|
|
|
|
|
|
VIX |
|
|
|
|
|
|
Bonds
sym |
phase |
adx |
adx tr |
|
psar |
macd |
TLT |
|
|
|
|
|
|
JNK |
|
|
|
|
|
|
Tangibles
sym |
phase |
adx |
adx tr |
|
psar |
macd |
USO |
|
|
|
|
|
|
GLD |
|
|
|
|
|
|
Global
sym |
phase |
adx |
adx tr |
|
psar |
macd |
UUP |
|
|
|
|
|
|
EEM |
|
|
|
|
|
|
|