Christopher Carolan on Financial Markets & Lunar Cycles
Crude Oil and U.S. stocks remain strong.
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The bull market in crude oil is quite real.
Here's our updated Solunar Model charts for gold, crude oil, the Dow and TNX yields through year-end.
There have been enough reasons for stocks to move lower. But as long as the pump is adding liquidity, we just don't see any sell-offs gain momentum.
If all things were/are equal, stocks are set up to turn lower now. The problem remains the money-pump, which popped still-higher last week. Can stocks ignore the pump?
click chart to enlarge
There's plenty left in this short-term move for gold.
A video discussion of the charts heading into the new week.