Weekly Update

080716spxAD

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0807163dnh

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The first two charts are arguably bullish, with stocks appearing to have weathered a pullback with minimal price damage.

080716pump

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That weak dollar sure helps keep The Money Printing Pump in expansion mode.

080716goldequalyen

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Dollar yen and gold are the same market these days.

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The Nikkei and the S&P priced in yen is also the same market.

080716spxingold

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Quod erat demonstrandum, the Nikkei and S&P in gold are the same market, as indeed the chart shows they are.

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Weekly Update

The dollar will need to rally versus the yen if this stock rally is to continue.

071016spxnik

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The Nikkei should jump tonight.

071016goldyen

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Get a room you two!

071016spxAD

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071016pump

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Unchaperoned

I leave you all alone for a week and look what happens.

070316spxAD

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A helluva bullish divergence last week, and now the oscillator has taken out any potential bearish divergence. This chart is bullish

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The Central Banks haven't given up.

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Brexit, Pursued by a Bear

Extra credit if you caught the literary reference in today's title.

062516spiral

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The five tops hang from the Spiral not unlike an Alexander Calder mobile.

Mobile c.1932 Alexander Calder 1898-1976 Lent from a private collection 1992 http://www.tate.org.uk/art/work/L01686
Mobile c.1932 Alexander Calder 1898-1976 Lent from a private collection 1992 http://www.tate.org.uk/art/work/L01686

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