click chart to enlarge A big dollar rally will deflate the Money Printing Pump very quickly.
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click chart to enlarge Dollar rally will collapse the Nikkei in dollar terms, the S&P should follow.
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Is it Autumn yet?
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Some separation here. Three ways this chart converges - Nikkei falls, S&P rises, or dollar yen rises.
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The breadth oscillator is punk.
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The first two charts are arguably bullish, with stocks appearing to have weathered a pullback with minimal price damage.
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That weak dollar sure helps keep The Money Printing Pump in expansion mode.
click chart to enlarge Dollar yen and gold are the same market these days.
click chart to enlarge The Nikkei and the S&P priced in yen is also the same market.
click chart to enlarge Quod erat demonstrandum, the Nikkei and S&P in gold are the same market, as indeed the chart shows they are.
Equity markets are turning, but like a large ship it takes time.
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Nikkei and S&P in yen terms have topped - expect S&P in dollars to follow.
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Stocks helped by very weak dollar on Friday. Tuesday's new moon may end that trend.
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Three sell indicators fired today - RSI divergence, Cycle-Trap, and Net Line Sell.
click chart to enlarge Stocks will catch up to dollar yen post-Janet.