The opposite of a bullish argument is Apple. The stock looks like it's about to go through a trap door. Discussion within.
click chart to enlarge
click chart to enlarge
Category: Money Printing Pump
Monthly Update
Some major turns in place on the monthly charts. Video discussion within for subscribers.
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click chart to enlarge
click chart to enlarge
Weekly Update
A dollar rally now will knock that balance sheet correlation chart lower quickly.
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click chart to enlarge
Stalling
Some divergences are appearing including the 3-day combined New Highs. We're approaching short-term tops in seasonal and tidal indicators. Yet it seems premature to expect a reversal just yet.
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Mixed Month
One Market
Japan and the US are one stock market when seen through the lens of a single currency.
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click chart to enlarge
I am embarrassed. Previous charts of this relationship were incorrect. They showed the S&P in euroyen terms, not yen terms. I apologize. The correlation is quite a bit tighter now. The weak dollar versus world currencies had been helpful during the recent rally. A weak dollar versus the yen is not helpful.
Weekly Update
Never taunt a cornered central bank.
click chart to enlarge This divergence will not persist.
click chart to enlarge
click chart to enlarge
click chart to enlarge
Man vs. Nature
Market action is best described as man vs. nature with Yellen and the central banks taking on nature’s cycles. The banks have regained the upper hand, showing a mastery over the short-term Spiral Calendar points. But the Nature chart shows those points still having an effect, indicating we need to pay attention to them. I’ll post a detailed video update this evening for subscribers.
click chart to enlarge
click chart to enlarge