Christopher Carolan on Financial Markets & Lunar Cycles
The Money Printing Pump remains in control.
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Whither Cyprus? And will it make a difference if the Fed just keeps printing money?
Stocks are getting increasingly nervous. The updated Solunar Model chart inside suggests why.
Our web host was down late Tuesday. I apologize for the delayed update.
Will uncertainty in Cyprus spread to southern European banks? That is the question facing markets tonight.
Updated balance sheet numbers from the Fed have pushed my Money Printing Pump indicator to new highs, right alongside the U.S. stocks.
click chart to enlarge
Gold is trying to make our Solunar Model look good. Success is not assured however.
The metals are certainly trying to bottom in this vicinity. Whether they succeed, remains to be seen.
Some markets may be ready to change direction. But it doesn't seem that the U.S. stock market is among them.