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Christopher Carolan on Financial Markets & Lunar Cycles

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Weekend Wrap UP

May 28th, 2012 at 6:21pm · No Comments

A look at the weekly charts as we head into a short, four-day week.

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→ No CommentsTags: Bonds · Crude Oil · Euro · General Market Commentary · Gold · S&P 500

The Inflatables

May 26th, 2012 at 4:44pm · No Comments

I liken the debt bubble to an inflatable. Since the financial crisis of 2008 blew a hole in the inflatable economy, a central bank pump of fresh credit is required to keep the inflatable from collapsing under the weight of debt deleveraging. If you turn off the pump, the inflatable slowly leaks air and collapses. We can see that process beginning to unfold now.

The charts below show my ‘Money-Printing Pump’ calculated from the balance sheets of the FED and the ECB.  Now the politicians are reaping the benefit of the pump being off in falling gasoline prices. But at some point, the falling 401k balances of the middle class will need to be revived and I expect the pump to be turned on once again. That will likely occur well before the election.

The correlation between the S&P 500 and the Money Printing Pump since October 1 is .94.  Since Jan 1, 2009 the correlation is .80.

click chart to enlarge

click chart to enlarge

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Solunar Doings

May 26th, 2012 at 4:34pm · No Comments

The Solunar Models for the Dow and Crude Oil offer timing suggestions for coming weeks.

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→ No CommentsTags: Crude Oil · General Market Commentary · S&P 500 · Solunar Model

Bottom Fishing

May 24th, 2012 at 7:54pm · No Comments

The various attempts at ‘bottoms’ in risk assets remain unconvincing.

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→ No CommentsTags: Bonds · Crude Oil · Euro · General Market Commentary · Gold · S&P 500 · Silver

Feeble Bounce

May 22nd, 2012 at 6:59pm · No Comments

As bounces go, this one is pretty pathetic.

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→ No CommentsTags: Bonds · Crude Oil · Euro · General Market Commentary · Humor · S&P 500

Where Are the Big Bars?

May 20th, 2012 at 6:31pm · No Comments

Moves like the current one end with large daily-range bars. We haven’t seen them yet.

 

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Leaking Air

May 16th, 2012 at 7:05pm · 1 Comment

With the money-printing pump now turned off, all markets are leaking air.

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→ 1 CommentTags: Bonds · Crude Oil · Euro · General Market Commentary · Gold · S&P 500 · Silver

Potential

May 15th, 2012 at 5:18pm · No Comments

The ingredients for an S&P low are present.

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→ No CommentsTags: General Market Commentary · Market Internals · S&P 500 · The Spiral Calendar