Christopher Carolan on Financial Markets & Lunar Cycles
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Here's a block of charts with a theme. Central bank money printing is the current cornerstone of market drivers I believe.
click chart to enlarge
The S&P 500 continues to "Ride the Dragon" following the Money Pump higher. The pump is the sum of the FED balance sheet and 25% of the ECB balance sheet converted to dollars.
Some ingredients for a short-term top are in place.
Stocks have plenty of momentum to push higher.
How many of these rallies are real?
The break out in crude oil is real.
Stocks lag the money pump.
The rally in a number of markets has fallen short of signal trigger levels.