Money Printing Pump – Page 7

Into Resistance

The S&P rally is carrying prices into expected resistance.

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Weekly Update

That warning from the New Lows last week was effective.

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Deteriorating

Stocks remain vulnerable here. Video charts within for subscribers.

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Weekly Update

My general theme remains - relative central bank balance sheets drive currency rates, and to an extent, equity prices.

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Grexit Games

Back and forth, back and forth the Grexit games go on. It's like watching tennis, but boring!

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Man Vs. Cycles

Man's (read Central Banks) grip on markets is loosening, as we see the Cycle's impact strengthen.

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Turnaround Tuesday

It won't mean anything without follow through tomorrow.

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Grexit Schmexit

How will the Greek drama end? It's a tragedy of course.

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One month ago, the 90-day correlation between the S&P and the combined central bank balance sheets was +.70, now it's -.09. The central banks have apparently lost the ability to goose the markets. The chart shows the continuing rise of the bank's assets, but stocks are no longer playing along.

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