9/10 Almanac

On Friday, Sept. 10: Wholesale trade.

There are 8 days before the September options expire, 36 the October and 71 the November.

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

9/9 Forex

• No new signals on the Forex pairs I follow.

	pps	pps open	upper pivot	lower pivot
EUR/USD US$1.27		US$1.29 sep7	US$1.31	US$1.24
USD/JPY¥83.78		¥85.15 aug24	¥86.06	¥82.82
GBP/USD US$1.54		US$1.54 sep8	US$1.58	US$1.51
EUR/JPY ¥106.67		¥108.42 sep7	¥108.43	¥103.21
USD/CAD C$1.03		C$1.07 sep1	C$1.09	C$1.03
USD/MXN M$12.96		M$13.07 sep2	M$13.50	M$12.72

9/9 Morningline

• Fear index, Treasury long bonds, crude oil negate bull phase on the fast stochastic; bearish again (VIX, TLT, USO).
• Oil pushes above 20-day moving average (USO).
• Gold moves to bear phase on the fast stochastic, but just barely (GLD).

Stocks and Rates

	trend	sto	sto zone	pps	psar	macd	macd trend	ma20	ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

9/9 Almanac

On Thursday, Sept. 9: International trade.

There are 9 days before the September options expire, 37 the October and 72 the November.

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

SWKS Watch

Industrial electronics company Skyworks Solutions Inc. (SWKS) has gently moved to bear phase on the fast stochastic, on the second day of declining prices and with the macd moving through bull territory down toward the zero line and beardom.

	trend	sto	sto zone	pps	psar	macd	macd trend	ma20	ma200
SWKS $18.60

9/8 Forex

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

	pps	pps open	upper pivot	lower pivot
EUR/USD US$1.27		US$1.29 sep7	US$1.31	US$1.24
USD/JPY¥83.94		¥85.15 aug24	¥86.06	¥82.82
GBP/USD US$1.55		US$1.54 sep8	US$1.58	US$1.51
EUR/JPY ¥106.91		¥108.42 sep7	¥108.43	¥103.21
USD/CAD C$1.04		C$1.07 sep1	C$1.09	C$1.03
USD/MXN M$13.00		M$13.07 sep2	M$13.50	M$12.72

9/8 Morningline

• Treasury long-term bonds fall below the 20-day moving average (TLT).
• High-yield corporate debt moves to bull phase on the macd (JNK).
• Dollar moves to macd bull phase in trading against the yen (USD/JPY).
• Emerging markets negates fast stochastic bear phase, bullish again (EEM).

Stocks and Rates

	trend	sto	sto zone	pps	psar	macd	macd trend	ma20	ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

9/8 Almanac

On Wednesday, Sept. 8: Minor stuff, including the Fed's Beige Book and the Consumer Credit report.

There are 10 days before the September options expire, 38 the October and 73 the November.

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

9/7 Forex

• Euro shows bear signals against dollar, yen (EUR/USD, EUR/JPY).

	pps	pps open	upper pivot	lower pivot
EUR/USD US$1.27		US$1.29 sep7	US$1.31	US$1.24
USD/JPY¥83.62		¥85.15 aug24	¥86.06	¥82.82
GBP/USD US$1.53		US$1.59 aug11	US$1.58	US$1.51
EUR/JPY ¥106.52		¥108.42 sep7	¥108.43	¥103.21
USD/CAD C$1.05		C$1.07 sep1	C$1.09	C$1.03
USD/MXN M$13.05		M$13.07 sep2	M$13.50	M$12.72

9/7 Morningline

Some changes: The signal bar has been rearranged to more closely match the velocity of the signal changes: Most changeable to the left, least changeable to the right. I've also added the 20-day and 200-day moving averages.

• Fear index moves to bull phase on the fast stochastic (VIX).
• Gold negates fast stochastic bear signal; again in bull phase (GLD).
• Euro to bear phase in dollar trading -- Pearson's Proprietary Signal, fast stochastic (EUR/USD).
• Dollar-yen pair turns bearish on the fast stochastic, macd (USD/JPY).

Stocks and Rates

	trend	sto	sto zone	pps	psar	macd	macd trend	ma20	ma200
SPY
QQQQ
VIX
TLT
JNK

Below, oil and gold, and global indicators.

9/7 Almanac

Markets are closed for Labor Day on Monday, Sept. 6. On Tuesday, Sept. 7: The 4-week Treasury bill announcement. Seriously, that's all on the calendar.

There are 11 days before the September options expire, 39 the October and 74 the November.

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

MO Watch

The parabolic sar has moved to bull phase on Altria Group Inc. (MO). The stock is trading near the top of its recent range.

	trend	adx	psar	pps	macd	macd trend	sto	sto zone
MO $22.86

9/3 Forex

• Euro shows bull phase against the yen (EUR/JPY), but it's ghosting.
• Dollar moves to bear phase against the peso (USD/MXN).

	pps	pps open	upper pivot	lower pivot
EUR/USD US$1.29		US$1.27 sep1	US$1.31	US$1.24
USD/JPY¥84.43		¥85.15 aug24	¥86.06	¥82.82
GBP/USD US$1.54		US$1.59 aug11	US$1.58	US$1.51
EUR/JPY ¥108.60		¥108.06 sep3	¥108.43	¥103.21
USD/CAD C$1.04		C$1.07 sep1	C$1.09	C$1.03
USD/MXN M$12.93		M$13.07 sep2	M$13.50	M$12.72

9/3 Morningline

• Stocks gap up on job losses. Put on a happy face? (SPY, QQQQ)
• Nasdaq 100 moves to bull phase on the macd (QQQQ).
• Treasury long-term bonds drop below the 20-day moving average (TLT).
• High-yield corporate debt turns bullish on the macd (JNK).
• Crude oil shows bull phase on macd, Person's Proprietary Signal (pps) (USO).
• Gold moves to bear phase on the fast stochastic (GLD).
• Macd shows bull phase on the euro in trading against the dollar (EUR/USD).
• Dollar in macd bull phase against the yen (USD/JPY).
• Macd turns bullish on emerging markets (EEM).

Stocks and Rates

	trend	adx	psar	pps	macd	macd trend	sto	sto zone
SPY
QQQQ
VIX
TLT
JNK

So, the U.S. is still hemorrhaging jobs, and that sad news for workers is greeted by universal bullish joy on nearly all the markets except for bonds. What gives?

9/3 Almanac

On Friday, Sept. 3: Employment. All U.S. markets are closed Monday for Labor Day.

There are 15 days before the September options expire, 43 the October and 78 the November.

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

MO Watch

Tobacco-maker Altria Group Inc. (MO) has whipsawed into bull phase on Person's Proprietary Signal (pps) but remains locked in a sideways range.

	trend	adx	psar	pps	macd	macd trend	sto	sto zone
MO $22.79

9/2 Forex

• Dollar moves to bear phase against the loonie (USD/CAD).

	pps	pps open	upper pivot	lower pivot
EUR/USD US$1.28		US$1.27 sep1	US$1.31	US$1.24
USD/JPY¥84.44		¥85.15 aug24	¥86.06	¥82.82
GBP/USD US$1.55		US$1.59 aug11	US$1.58	US$1.51
EUR/JPY ¥108.22		¥107.13 aug31	¥108.43	¥103.21
USD/CAD C$1.05		C$1.07 sep1	C$1.09	C$1.03
USD/MXN M$13.04		M$12.70 aug20	M$13.50	M$12.72

9/2 Morningline

• Parabolic sar moves to bull phase on S&P 500, Nasdaq 100 (SPY, QQQQ).
• Nasdaq 100 macd turns bullish (QQQQ).
• Fear index moves to bull phase on the macd (VIX).
• Treasury long-term bonds whipsaw wildly to bear phase (TLT).
• Corporate high-yield debt now in bull phase on Person's Proprietary Signal (JNK).
• Gold negates fast stochastic bear signal; back in bull phase (GLD).
• Parabolic sar moves to bull phase on the euro in trading against the dollar (EUR/USD).

Stocks and Rates

	trend	adx	psar	pps	macd	macd trend	sto	sto zone
SPY
QQQQ
VIX
TLT
JNK

The Treasury long bonds (TLT) have whipsawed three times in four days, the last being a move to bear phase in mid-day trading on Wednesday on a large volume spike.

A lower TLT means traders expect high yields going forward, which means they think the Fed is more likely to raise raise rates to cool the economic and to nip inflation in the bud.

Below, oil and gold, and global indicators.

Why did the markets rise?

According to a Wall Street Journal headline, "Stocks Gain as Economic Fears Ease".

Really?

My theory is that it's the week before Labor Day weekend, the interns are in charge on Wall Street, and those fun-living kids are guzzling booze, using pizza boxes as Frisbees and bidding up stocks like crazy.

I've watched Mad Men on AMC. I know what New York is like!!!

9/2 Almanac

On Thursday, Sept. 2: Pending home sales, productivity.

There are 16 days before the September options expire, 44 the October and 79 the November.

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