We're in the time frame where any seasonal selling should be ending. And that selling this year was relatively light.
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Category: Euro
Weekly Update
Weekly Update
Will the dollar finally decline to reflet relative money-printing rates versus the euro? Could we see EUR at 1.55?
click chart to enlarge
Signals
Cycles vs. The FED
and the war continues. Cycles push the market one way, via seasonal downward pressures, and the FED pushes markets the other, via the MoneyPump.
Who wins? Not traders it seems.
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Stock prices have closed the gap with the MoneyPump in the past few weeks. We can see how the pump has gone relatively quiet in recent weeks. I'm now lagging the pump by seven days on the chart, as that seems the best fit between renewed S&P rallies and pump surges as shown with the arrows.
click chart to enlarge
click chart to enlarge
click chart to enlarge
I've added the 1929 comparison chart to this analog set. It's just amazing how similar the patterns are in years where prices topped on or near a late summer new moon. We are now at the equivalent point to the Yom Kippur highs of both 1987 and 1929 (green arrows). Do we crash now?
More Analog Stuff
The analogs with 2012 and 1987, other years with late summer new moon tops continues to play out. That doesn't mean we crash now. But it does mean we go down.
click chart to enlarge
click chart to enlarge