Monday, October 18, 2010

10/18 Forex

  • U.S. dollar shows bull phase against its Candadian counterpart (USD/CAD).

ppspps openupper pivotlower pivot
EUR/USD US$1.39 US$1.27 oct13 US$1.40 US$1.30
AUD/USD US$0.99 US$0.89 aug27 US$1.00 US$0.91
USD/CAD C$1.02 C$1.01 oct18 C$1.06 C$1.02
USD/JPY¥81 ¥85.08 sep22 ¥85 ¥82
GBP/CHF C$1.52 C$1.56 sep21 C$1.58 C$1.52
GBP/USD US$1.59 US$1.59 oct14 US$1.60 US$1.54
EUR/JPY ¥113 ¥107.82 sep14 ¥117 ¥108
AUD/JPY ¥80 ¥81 oct15 ¥83 ¥77
USD/CHFSF0.96 SF1.00 sep21 SF1.02 SF0.96
NZD/USD US$0.75 US$0.73 sep US$0.75 US$0.72
USD/MXN M$12.43 M$13.07 sep2 M$13.06 M$12.28

10/18 Morningline

  • Crude oil moves to bear phase on Heikin-Ashi trend and the parabolic sar (USO).
  • Euro turns bearish on the macd in trading against the dollar (EUR/USD).
  • Fast stochastic phase changes:
    • Bear: Gold (GLD), emerging markets (EEM)

Stocks and Rates
h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

Friday, October 15, 2010

10/18 Almanac

On Monday, Oct. 18: Industrial production.

There are 33 days before the November options expire, 61 the December and 96 the January.

On the jump, market stats, econ reports, and the trading calendar . . .

10/15 Slow Trading

  • SPY within 47¢ of a bull crossover.

phasema50
direction
ma200ma50
D $41.06 $43.94
EEM $40.98 $42.92
GLD $116.26 $124.34
IDCC $26.71 $27.21
JNK $38.98 $39.42
NLY $17.47 $17.72
QQQQ $46.43 $47.13
SPY $112.25 $111.78
USO $36.39 $33.98

10/15 Forex

  • No new signals on the pairs that I follow.
  • I'll be expanding coverage to more pairs next week.

ppspps openupper pivotlower pivot
EUR/USD US$1.40 US$1.27 oct13 US$1.40 US$1.30
USD/JPY¥81 ¥85.08 sep22 ¥85 ¥82
GBP/USD US$1.60 US$1.59 oct14 US$1.60 US$1.54
EUR/JPY ¥114 ¥107.82 sep14 ¥117 ¥108
USD/CAD C$1.01 C$1.03 sep24 C$1.06 C$1.02
USD/MXN M$12.42 M$13.07 sep2 M$13.06 M$12.28

10/15 Morningline

  • Nasdaq 100 macd whipsaws back into bull phase (QQQQ).
  • Fear index moves to Heikin-Ashi uptrend (VIX).
  • Treasury long-term bonds fall well below the 20-day moving average (TLT).
  • Corporate high-yield debt shows bear phase on Person's Proprietary Signal; drops to within 1% of the 20-day moving average (JNK).
  • Crude oil drops to more than 1% below the 200-day moving average (USO).
  • Fast stochastic phase switches:
    • Bear: TLT, JNK, EUR/USD, USD/JPY

Stocks and Rates
h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

Thursday, October 14, 2010

10/15 Almanac

On Friday, Oct. 15: Consumer prices, retail sales.

This is the last trading day for October options. There are 36 days before the November options expire and 65 the December.

On the jump, market stats, econ reports, and the trading calendar . . .

IDCC Watch

The digital wireless tech company InterDigital Inc. (IDCC) -- think cellphones -- is showing bull phase on Person's Proprietary Signal (pps) as the price approaches the most recent higher high in an uptrend that began Aug. 31. I'm adding the stock to both my Fast Trading and Slow Trading watchlists as a potential bull play.

h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
IDCC $30.06

10/14 Slow Trading

  • SPY continues approach to bullish crossover; 50- and 200-day moving average distance less than 0.5%.

phasema50
direction
ma200ma50
D $41.04 $43.92
EEM $40.95 $42.84
GLD $116.12 $124.00
JNK $38.97 $39.41
NLY $17.47 $17.70
QQQQ $46.41 $47.05
SPY $112.23 $111.70
USO $36.41 $34.01

10/14 Forex

  • Cable whipsaws back to bull phase against the U.S. dollar (GBP/USD)


ppspps openupper pivotlower pivot
EUR/USD US$1.41 US$1.27 oct13 US$1.40 US$1.30
USD/JPY¥81 ¥85.08 sep22 ¥85 ¥82
GBP/USD US$1.60 US$1.59 oct14 US$1.60 US$1.54
EUR/JPY ¥115 ¥107.82 sep14 ¥117 ¥108
USD/CAD C$1.00 C$1.03 sep24 C$1.06 C$1.02
USD/MXN M$12.40 M$13.07 sep2 M$13.06 M$12.28

10/14 Morningline

  • Treasury long-term bonds rise to the vicinity of the 20-day moving average (TLT).
  • High-yield corporate debt rises to more than 1% above the 20-day moving average (JNK).
  • Crude oil establishes uptrend on the Heikin-Ashia candlesticks (USO).
  • Euro parabolic sar whipsaws back into bull phase against the dollar (EUR/USD).
  • Fast stochastic phase switches:
    • Bull: VIX, TLT, EUR/USD

Stocks and Rates
h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

Wednesday, October 13, 2010

10/14 Almanac

On Thursday, Oct. 14: Producer prices, international trade.

There are 2 days before the October options expire, 37 the November and 65 the December.

On the jump, market stats, econ reports, and the trading calendar . . .

10/13 Slow Trading

  • S&P 500 gap narrows to 0.5% as bull crossover signal nears.

phasema50
direction
ma200ma50
D $41.01 $43.90
EEM $40.92 $42.75
GLD $115.99 $123.64
JNK $38.96 $39.38
NLY $17.47 $17.69
QQQQ $46.39 $46.98
SPY $112.20 $111.61
USO $36.42 $34.02

10/13 Forex

  • EUR/USD bear signal ghosts away, leaving the pair in bull phase.

ppspps openupper pivotlower pivot
EUR/USD US$1.39 US$1.27 oct13 US$1.40 US$1.30
USD/JPY¥82 ¥85.08 sep22 ¥85 ¥82
GBP/USD US$1.58 US$1.59 oct12 US$1.60 US$1.54
EUR/JPY ¥114 ¥107.82 sep14 ¥117 ¥108
USD/CAD C$1.00 C$1.03 sep24 C$1.06 C$1.02
USD/MXN M$12.39 M$13.07 sep2 M$13.06 M$12.28

10/13 Morningline

  • Nasdaq 100 parabolic sar, macd flip back to bull phase; price moves well above the 20-day moving average (QQQQ).
  • Treasury long-term bonds drop well below the 20-day moving average (TLT).
  • Crude oil moves up to within 1% of the 200-day moving average (USO).
  • Euro Person's Proprietary Signal back in bull phase against the dollar (EUR/USD).
  • Emerging markets parabolic sar whipsaws back to bull phase (EEM).
  • Fast stochastic phase switches:
    • Bull: SPY, QQQQ, GLD, USD/JPY

Stocks and Rates
h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

Tuesday, October 12, 2010

10/13 Almanac

On Wednesday, Oct. 13: Treasury budget.

There are 3 days before the October options expire, 38 the November and 66 the December.

On the jump, market stats, econ reports, and the trading calendar . . .

NLY Watch

Annaly Capital Management (NLY), a real estate investment trust on my Income Watchlist, has moved into an uptrend on the Heikin-Ashi chart and is showing bull phase on Person's Proprietary signal. Earnings will be released after the close on Oct. 28.

h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
BKT $17.93

10/12 Slow Trading

  • JNK 50-day moving average resumes rise.
  • SPY within 0.6% of a bull signal.

phasema50
direction
ma200ma50
D $40.98 $43.87
EEM $40.80 $42.65
GLD $115.86 $123.28
JNK $38.96 $39.37
NLY $17.46 $17.68
QQQQ $46.36 $46.89
SPY $112.15 $111.41
USO $36.43 $34.04

10/12 Forex

  • EUR/USD moves to bear phase after month-long rise.
  • GBP/USD whipsaws back to bear phase.

ppspps openupper pivotlower pivot
EUR/USD US$1.38 US$1.39 oct12 US$1.40 US$1.30
USD/JPY¥82 ¥85.08 sep22 ¥85 ¥82
GBP/USD US$1.58 US$1.59 oct12 US$1.60 US$1.54
EUR/JPY ¥11e ¥107.82 sep14 ¥117 ¥108
USD/CAD C$1.01 C$1.03 sep24 C$1.06 C$1.02
USD/MXN M$12.45 M$13.07 sep2 M$13.06 M$12.28

10/12 Morningline

  • Treasury long-term bonds turn to bear phase on the parabolic sar (TLT).
  • Corporate high-yield debt drops to within 1% of the 20-day moving average (JNK).
  • Crude oil turns bearish on Person's Proprietary Signal (pps) (USO).
  • Euro switches to bear phase on the pps, parabolic sar in trading against the dollar (EUR/USD).
  • Emerging markets show bear phase on the pps, parabolic sar (EEM).
  • New fast stochastic:
    • Bull phase: TLT
    • Bear phase: SPY, QQQQ, USO, GLD, EUR/USD, EEM

Stocks and Rates
h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

Monday, October 11, 2010

10/12 Almanac

On Tuesday, Oct. 12: FOMC minutes, some retail reports.

The stock and futures markets are open, as is the CBOE options market, with the exception of a few products. Read the press release for details.

There are 4 days before the October options expire, 39 the November and 67 the December.

On the jump, market stats, econ reports, and the trading calendar . . .

10/11 Slow Trading

  • SPY within 0.6% of a bullish crossover.

phasema50
direction
ma200ma50
D $40.96 $43.85
EEM $40.87 $42.59
GLD $115.74 $122.95
JNK $38.95 $39.35
NLY $17.46 $17.66
QQQQ $46.35 $46.83
SPY $112.15 $111.41
USO $36.45 $34.06

10/11 Forex

  • Euro bear phase against the yen proves to be a ghost; pair back in bull phase (EUR/JPY).
  • Heikin-Ashi trend turns down on EUR/JPY.

ppspps openupper pivotlower pivot
EUR/USD US$1.39 US$1.35 sep13 US$1.40 US$1.30
USD/JPY¥82 ¥85.08 sep22 ¥85 ¥82
GBP/USD US$1.59 US$1.59 oct8 US$1.60 US$1.54
EUR/JPY ¥114 ¥107.82 sep14 ¥117 ¥108
USD/CAD C$1.01 C$1.03 sep24 C$1.06 C$1.02
USD/MXN M$12.41 M$13.07 sep2 M$13.06 M$12.28

10/11 Morningline

  • Fear index opens with a 6.7% downside gap (VIX).
  • Treasury long-term bonds moves to bear phase on the parabolic sar, macd, fast stochastic as it trades within 1% of the 20-day moving average (TLT).
  • Crude oil whipsaws back into bull phase on Person's Proprietary Signal(pps)(USO).

Also, I change the trend block to a more reliable signal: The Heikin-Ashi candlestick. Read details below in the About the Glance section.

Stocks and Rates
h-a
trend
stosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

Friday, October 8, 2010

10/11 Almanac

On Monday, Oct. 11: It's Columbus Day, perhaps the most controversial holiday on the calendar.

The stock and futures markets are open, as is the CBOE options market, with the exception of a few products. Read the press release for details.

There are 5 days before the October options expire, 40 the November and 68 the December.

On the jump, market stats, econ reports, and the trading calendar . . .

USO Update

Crude oil (USO) has accelerated its recovery from Thursday's decline and is showing bull phase on both Person's Proprietary Signal (pps) and the fast stochastic.

The parabolic sar never left bull phase, despite the velocity of Thursday's price drop.

See my analysis from this morning for a detailed discussion of crudes merits and demerits.

LVS Watch

Las Vegas Sands Corp. (LVS) has moved back to its swing high, reversing a two-day decline with bear signals. The bear signals have reversed on a one-day whipsaw, and the price is trading more than 4% above Thursday's close.

trendstosto
zone
ppspsarmacdmacd
trend
ma20ma200
LVS $37.39

USO Watch

It has been easy to love crude oil (USO) the last couple of weeks. The elixir of our economic lives rose intra-day for seven out of 10 trading days in a move that included two opening gaps to the upside. But mighty crude has fallen, with several bear signs accompanying an intra-day collapse 3.5%.

trendstosto
zone
ppspsarmacdmacd
trend
ma20ma200
USO $35.84

10/8 Slow Trading

  • SPY within 85¢ of bull crossover.
  • Price declines turns NLY, USO 50-day moving average trends to neutral.

phasema50
direction
ma200ma50
D $40.93 $43.79
EEM $40.84 $42.48
GLD $115.61 $122.61
JNK $38.95 $39.33
NLY $17.47 $17.66
QQQQ $46.32 $46.74
SPY $112.12 $111.27
USO $36.46 $34.04

10/8 Forex

  • Cable again turns to bull phase against the dollar; yesterday's signal was a ghost (GBP/USD).
  • Euro turns bearish against the yen, but it is ghosting (EUR/JPY).
  • Dollar continues slide against the yen, piercing lower monthly pivot point (USD/JPY).

ppspps openupper pivotlower pivot
EUR/USD US$1.39 US$1.35 sep13 US$1.40 US$1.30
USD/JPY¥82 ¥85.08 sep22 ¥85 ¥81
GBP/USD US$1.59 US$1.59 oct8 US$1.60 US$1.54
EUR/JPY ¥114 ¥114.74 oct8 ¥117 ¥108
USD/CAD C$1.02 C$1.03 sep24 C$1.06 C$1.02
USD/MXN M$12.52 M$13.07 sep2 M$13.06 M$12.28

10/8 Morningline

  • Treasury long-term bonds nudge, barely, into bear phase on the macd; price within 1% of the 20-day moving average (TLT).
  • Corporate high-yield debt pops to more than 1% above the 20-day moving average (JNK).
  • Crude oil flips to bear phase on several indicators; price drops below the 200-day moving average (USO).

Stocks and Rates
trendstosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

Thursday, October 7, 2010

10/8 Almanac

On Friday, Oct. 8: Employment and unemployment.

There are 8 days before the October options expire, 43 the November and 71 the December.

On the jump, market stats, econ reports, and the trading calendar . . .

LVS Watch

Gambling resort company Las Vegas Sands Corp. (LVS) moved to bear phase on the parabolic sar and was trading more than 0.8% below Wednesday's close. It was the second declining day in row.

trendstosto
zone
ppspsarmacdmacd
trend
ma20ma200
LVS $35.71

10/7 Slow Trading

  • S&P 500 within 0.8% of a bullish crossover (SPY).

phasema50
direction
ma200ma50
D $40.01 $43.74
EEM $40.81 $42.39
GLD $115.40 $122.29
JNK $38.94 $39.32
NLY $17.47 $17.65
QQQQ $46.30 $46.67
SPY $112.10 $111.16
USO $36.46 $34.04

10/7 Forex

  • Cable turns to bull phase against the U.S. dollar (GBP/USD).
  • U.S. Dollar down 1.1% intra-day against the Japanese yen, bumps against lower monthly pivot (USD/JPY).
  • Should the headline just say, "U.S. dollar turns to bear phase against the Universe"??? (USD/Everything)
ppspps openupper pivotlower pivot
EUR/USD US$1.39 US$1.35 sep13 US$1.40 US$1.30
USD/JPY¥82 ¥85.08 sep22 ¥85 ¥82
GBP/USD US$1.59 US$1.50 oct7 US$1.60 US$1.54
EUR/JPY ¥115 ¥112.22 sep14 ¥117 ¥108
USD/CAD C$1.01 C$1.03 sep24 C$1.06 C$1.02
USD/MXN M$12.49 M$13.07 sep2 M$13.06 M$12.28

10/7 Morningline

  • Fear index turns bearish on the macd (VIX).
  • Macd trend downturns on super-risers gold, crude oil and emerging markets (GLD, USO, EEM).

Stocks and Rates
trendstosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

Wednesday, October 6, 2010

10/7 Almanac

On Thursday, Oct. 7: Weekly jobless claims.

There are 9 days before the October options expire, 44 the November and 72 the December.

On the jump, market stats, econ reports, and the trading calendar . . .

MO Watch

Altria Group Inc. (MO) broke above its recent trading range to a new all-time high, meeting my requirements for entry. The move was accompanies by bull phase on the parabolic sar.

trendstosto
zone
ppspsarmacdmacd
trend
ma20ma200
MO $24.45

CMG Watch

Chipotle Mexican Grill Inc. (CMG) gave back nearly all of Tuesday's gains, and the volatile fast stochastic moved into bear phase. So what to do now? Declare a whipsaw and exit? Put on a happy face?
trendstosto
zone
ppspsarmacdmacd
trend
ma20ma200
CMG $174.34

10/6 Slow Trading

  • S&P 500 pulls to within 0.9% of a slow-trade bull signal (SPY).

phasema50
direction
ma200ma50
D $40.88 $43.70
EEM $40.79 $42.30
GLD $115.37 $121.94
JNK $38.94 $39.30
NLY $17.48 $17.65
QQQQ $46.26 $46.61
SPY $112.06 $111.06
USO $36.46 $34.00

10/6 Forex

  • No new signals on the currency pairs I track.
  • USD/JPY resumes slide after three-day pause.

ppspps openupper pivotlower pivot
EUR/USD US$1.39 US$1.35 sep13 US$1.40 US$1.30
USD/JPY¥83 ¥85.08 sep22 ¥85 ¥82
GBP/USD US$1.59 US$1.57 sep30 US$1.60 US$1.54
EUR/JPY ¥115 ¥112.22 sep14 ¥117 ¥108
USD/CAD C$1.01 C$1.03 sep24 C$1.06 C$1.02
USD/MXN M$12.47 M$13.07 sep2 M$13.06 M$12.28

10/6 Morningline

  • Fear index moves to bear phase on Person's Proprietary Signal (pps), parabolic sar; drops below 20-day moving average (VIX).
  • Treasury long-term bonds above 20-day moving average (TLT).
  • Crude oil moves up to within 1% of the 200-day moving average. Bull crossover imminent? (USO).

Stocks and Rates
trendstosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

Tuesday, October 5, 2010

MO Watch

Tobacco company Altria Group Inc. (MO) moved to bull phase on Person's Proprietary Signal but has not yet met my requirements for entry.

trendstosto
zone
ppspsarmacdmacd
trend
ma20ma200
MO $24.25

CMG Watch

Fast food chain Chipotle Mexican Grill Inc. (CMG) set a new swing high today, meeting my requires for entry. The rise was accompanied by a move to bull phase by Person's Proprietary Signal.

trendstosto
zone
ppspsarmacdmacd
trend
ma20ma200
CMG $178.98

10/6 Almanac

On Wednesday, Oct. 6: Employment preview, petroleum inventories.

There are 10 days before the October options expire, 45 the November and 73 the December.

On the jump, market stats, econ reports, and the trading calendar . . .

10/5 Slow Trading

  • Annaly Capital Management's price retraces to the bull phase starting point; possible entry opportunity (NLY).
  • S&P 500 50-day moving average nearing a bull signal (SPY).

phasema50
direction
ma200ma50
D $40.85 $43.68
EEM $40.76 $42.20
GLD $115.25 $121.55
JNK $38.93 $39.29
NLY $17.48 $17.66
QQQQ $46.25 $46.54
SPY $112.05 $110.95
USO $36.46 $33.97

10/5 Forex

  • No new signals on the currency pairs that I follow.
  • Both the EUR/USD and USD/JPY pairs have paused in their runaway rise and fall (respectively).

ppspps openupper pivotlower pivot
EUR/USD US$1.38 US$1.35 sep13 US$1.40 US$1.30
USD/JPY¥83 ¥85.08 sep22 ¥85 ¥82
GBP/USD US$1.59 US$1.57 sep30 US$1.60 US$1.54
EUR/JPY ¥115 ¥112.22 sep14 ¥117 ¥108
USD/CAD C$1.02 C$1.03 sep24 C$1.06 C$1.02
USD/MXN M$12.52 M$13.07 sep2 M$13.06 M$12.28

10/5 Morningline

  • S&P 500, Nasdaq 100 to bear phase on the parabolic sar, macd; Nasdaq also shows bear phase on Person's Proprietary Signal (SPY, QQQQ).
  • Fear index below the 200-day moving average (VIX).

Stocks and Rates
trendstosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

Monday, October 4, 2010

10/5 Almanac

On Tuesday, Oct. 5: Weekly retail, non-manufacturing index.

There are 11 days before the October options expire, 46 the November and 74 the December.

On the jump, market stats, econ reports, and the trading calendar . . .

Slow Trading Portfolio

Usually in this market letter I focus on fast trading in positions lasting weeks rather than months.

However, there's a place in money management for slow trading, and I'm putting together a portfolio to meet that need.

By slow trading I definitely don't mean buy-and-hold-forever it'll-go-up-someday. Instead, my strategy is to use a system that produces trades no more often than every six months or so, if that.

Why do this?

LVS Watch

Las Vegas Sands Corp. (LVS) moved to a higher high today, meeting the requirements for reentry by those traders who jackrabbited during the late September price decline.

trendstosto
zone
ppspsarmacdmacd
trend
ma20ma200
LVS $36.34

LO Watch

Lorillard Inc. (LO) has dropped sharply below the 20-day moving average with an intraday decline spanning 1.8%. I'm removing the stock from my watchlist.

trendstosto
zone
ppspsarmacdmacd
trend
ma20ma200
LO $78.97

MO Watch

The tobacco company Altria Corp. (MO) has moved to bear phase on the fast stochastic, parabolic sar, the macd and Person's Proprietary Signal (pps), and the five-day trend has turned down.

trendstosto
zone
ppspsarmacdmacd
trend
ma20ma200
MO $23.90

10/4 Forex

  • No new signals on the currency pairs that I follow.

ppspps openupper pivotlower pivot
EUR/USD US$1.37 US$1.35 sep13 US$1.40 US$1.30
USD/JPY¥83 ¥85.08 sep22 ¥85 ¥82
GBP/USD US$1.59 US$1.57 sep30 US$1.60 US$1.54
EUR/JPY ¥114 ¥112.22 sep14 ¥117 ¥108
USD/CAD C$1.02 C$1.03 sep24 C$1.06 C$1.02
USD/MXN M$12.57 M$13.07 sep2 M$13.06 M$12.28

10/4 Morningline

  • Nasdaq 100 turns to bear phase on the macd (QQQQ).

Stocks and Rates
trendstosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

Friday, October 1, 2010

10/4 Almanac

On Monday, Oct. 4: Pending home sales.

There are 12 days before the October options expire, 47 the November and 75 the December.

On the jump, market stats, econ reports, and the trading calendar . . .

10/1 Forex

  • New monthly pivot points on all charts.
  • Cable shows bear phase against the U.S. dollar (GBP/USD).
  • Whither the dollar? Down, baby, down!

ppspps openupper pivotlower pivot
EUR/USD US$1.37 US$1.35 sep13 US$1.40 US$1.30
USD/JPY¥83 ¥85.08 sep22 ¥85 ¥82
GBP/USD US$1.58 US$1.57 sep30 US$1.60 US$1.54
EUR/JPY ¥115 ¥112.22 sep14 ¥117 ¥108
USD/CAD C$1.02 C$1.03 sep24 C$1.06 C$1.02
USD/MXN M$12.53 M$13.07 sep2 M$13.06 M$12.28

10/1 Morningline

  • Nasdaq 100 parabolic sar moves back to bull phase, ending mis-match with Person's Proprietary Signal (QQQQ).
  • Fear index back within 1% of the 200-day moving average; tracking it closely (VIX).
  • Treasury long-term bonds show bear phase on Person's Proprietary Signal, moves to within 1% above the 20-day moving average (TLT).
  • Corporate high-yield debt turns neutral with respect to the 20-day moving average (JNK).
  • Signs that the dollar is turning to trash:
    • Gold continues its relentless rise (GLD).
    • Crude oil gaps higher for the second open in a row (USO).
    • Euro continues unremitting rise against the dollar (EUR/USD).
    • Dollar moves to more than 1% below the 20-day moving average in trading against the yen (USD/JPY).

Stocks and Rates
trendstosto
zone
ppspsarmacdmacd
trend
ma20ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.