I wasn't expecting that price target on the weekly chart to get hit so quickly!
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Category: Money Printing Pump
Tomorrow’s Headlines Today
Tuesday's update stated - "The Euro’s sideways rally appears over."
The euro fell out of bed today.
What next?
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click chart to enlarge
Potential
VIX and Breadth indicators both getting into position for potential bearish signals.
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Dollar Declines Are Bullish
A weaker dollar raised the value of non-dollar central bank collateral, which supports stock prices, as seen in my "Heroin" chart. Recent dollar weakness combined with an increase in the ECB balance sheet has once again goosed the S&P averages. The lag seems to have shrunk from about 12 days to 6.
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The FED’s Half Life
The FED can't keep crying wolf. The Yellen rally lasted about 6 hours. Compare that to the 6 week move following Bullard's October comments. The ability of the FED to inflate markets with their own hot air is waning.
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The original Money Printing Pump
click chart to enlarge New Lows on the move again.
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Calendar Check
Solunar Watch
U.S. stocks are closing in on a trend change according to the Solunar Model.
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Swexit
Talk in recent weeks was of a Greek exit from the euro. What we got was the Swiss exit from the euro! This was a very expensive move for the Swiss, but they cut their losses and ran. The Swiss National Bank is behaving like an animal hiding before an earthquake.
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