Out on a Limb Stocks are increasingly disconnected from liquidity measures, although they are following the tidal signal this week. click chart to enlarge click chart to enlarge Subscribe to see the rest of this post.
Weekly Update Fed Watch AND Full Moon Watch this week. click chart to enlarge click chart to enlarge Subscribe to see the rest of this post.
Mine Gold, Not Oil It looks as if someone wanted the price of oil to go up. They didn't do a very good job, as oil couldn't even hold the brief surge on the news a couple of tankers in the gulf struck mines. click chart to enlarge Subscribe to see the rest of this post.
Mo Mo There's too much short-term momentum to reverse on a dime, here. click chart to enlarge Subscribe to see the rest of this post.
Pumps R Us Crush the dollar is the fastest way to turn markets around short-term. But it takes real printing for a sustainable pump. click chart to enlarge click chart to enlarge click chart to enlarge Subscribe to see the rest of this post.
Decent Respect to the decent short-term momentum and healthy breadth. click chart to enlarge Subscribe to see the rest of this post.
In the Shorts Short covering rally, or beginning of a new move higher? click chart to enlarge Subscribe to see the rest of this post.
Weekly & Monthly Update Did I say markets were slippery on Thursday? click chart to enlarge Subscribe to see the rest of this post.