Tuesday, October 25, 2011

10/25 Indicators

The markets this morning...


sym phase trend adx   200/50 40/10

SPY (S&P 500) has broken above the sideways channel in effect since early August.

QQQ (Nasdaq 100) continues to bounce along an uptrending channel that began Aug. 9.

VIX (fear index) remains at the floor of a sideways channel that began Aug. 9 after two attempts to break below in recent days.


sym phase trend adx   200/50 40/10

TLT (Treasury long-term debt) has paused just below its 20-day low, dropping back after a breakout. The 10-day moving average has dropped below the 40-day ma.

JNK (corporate high-yield debt) has pulled back to the mid-point of the uptrending price channel that began Oct. 14.


sym phase trend adx   200/50 40/10

USO (crude oil) has broken above both a week-long stall pattern and its 20-day high into an uptrend, decisively ending the downtrending channel that was been in force from May 2 to Oct. 14.

GLD (gold) continues its third week in a relatively narrow sideways trend.

JJC (copper) has remains near the ceiling of a sideways range in effect since Oct. 6.


sym phase trend adx   200/50 40/10

UUP (U.S. dollar) remains at the mid-point of a downtrend that began on Oct. 4. The 50-day moving average has risen to merge with the 200-day ma.

EEM (emerging markets) broke above the stall pattern of the past week, breaking above its 20-day high. Today it has pulled back from its peak. The 10-day moving average has moved above the 40-day ma.

Indicator Exchange-Traded Fund Symbols:
EEM - emerging markets
GLD - gold, a counter-directional proxy for inflation fears.
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, against a basket of currencies; largely a dollar-euro proxy
VIX - fear index, implied volatility of the S&P 500


  • phase: 20-day price channel phase, with green for bull trend, red for bear trend and yellow for neutral trend.
  • trend: Price direction, green for higher highs and higher lows, red for lower highs and lower lows, yellow for sideways, and grey for neutral or ambiguous.
  • adx: Average directional index location, indicating the strength, or the temperature, of the trend. Orange for 40 or greater, aqua (light blue) for 25 and up but below 40, magenta (light purple) for 20 and up but below 25, 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.)
  • 200/50: The moving average cross, green for the 50-day ma above the 200, red for below and yellow for closely aligned.
  • 40/10: The moving average cross, green for the 10-day ma above the 40, red for below and yellow for closely aligned.

About my trading methods

Read a detailed explanation of my 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.

The trader’s greatest sin is inaction. Sleeper, awake! Seize the Nietzchean moment. Roll out of bed and trade.

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