The Money Printing Pump is in gear. But it’s being driven by the lower dollar, not CB printing. It’s still getting the job done for now.
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Commentary in today’s video discussion.
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Chris,
Thanks for the interesting work.
Wanted to pass this by you and get your thoughts, please.
Every year I look for similarities with your four cardinal “moon” dates of 1929 / 1987.
I thought that the analogy was particularly helpful last year.
Starting with the 2018 new moon of April 15, 2018:
Spring low: July 5 was not the exact low but it was a bullish day nonetheless as it was the last day that the DJIA was under its 200-day moving average for many months.
Summer high: October 10 was not the exact high but marked a bearish day nonetheless as it was the day of an 850 point decline in the DJIA.
Secondary high: November 16 was a top wherein the DJIA fell 4% in two days.
Crash: December 3 was not a crash but a bearish day nonetheless as the DJIA started its fall of 15% in three weeks.
Do you agree that the analogy was prescient?
Or, maybe it is your opinion that am I inferring correlation where there is none?
Ted