Will the market's appetite for stimulus be satisfied by the BoJ this evening?
click chart to enlarge
click chart to enlarge
Category: Bonds
Weekly Update
Back on July 6 I suggested 'perhaps we should just concede July to the bulls. I suspect we need to be patient another week.
click chart to enlarge
Bad Breadth
Diverging breadth in the S&P 500.
click chart to enlarge
One Market
Two markets, united as one through a currency pair.
click chart to enlarge
click chart to enlarge
click chart to enlarge The Money Printing Pump - big picture
click chart to enlarge
The Money Printing Pump - short-term
Solunar Harmony
All four markets with Solunar Models are following current seasonal direction; stocks up, gold down, oil down, rates up. I note that the Solunar Models have periods of effectiveness and periods of ineffectiveness. They are most effective when markets are emotional.
click chart to enlarge Short term topping.
click chart to enlarge
Nikkei still lagging.
click chart to enlarge
In yen terms, S&P rally is move back into resistance.
The Yen is Driving the Bus
click chart to enlarge Is the great yen rally finished?
click chart to enlarge Another +2% up is implied for the Nikkei tonight. If Japan isn't strong, expect U.S. weakness tomorrow.
click chart to enlarge No divergence here.
Weekly Update
The dollar will need to rally versus the yen if this stock rally is to continue.
click chart to enlarge The Nikkei should jump tonight.
click chart to enlarge Get a room you two!
click chart to enlarge
click chart to enlarge
Unchaperoned
I leave you all alone for a week and look what happens.
click chart to enlarge
A helluva bullish divergence last week, and now the oscillator has taken out any potential bearish divergence. This chart is bullish
The Central Banks haven't given up.
click chart to enlarge