They are driving this car, not cycles, not seasonals, not your favorite indicator.
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Category: Solunar Model
Weclome to the Chartateria
Some interesting charts this evening showing relationships between central bank balance sheets, foreign exchange rates, and the S&P 500.
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The Money Printing Pump chart I show frequently does not factor in the Japanese printing. This chart of the ratio of Japanese central bank assets to European central bank assests shows how the S&P pullbacks align with pauses in Japanese printing.
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The long-term relationship between dollar yen and relative Japanese and US money printing remains intact. The Japanese are printing faster than the US, hence their currency is falling. A light pause in that ratio recently has seen a pullback in dollar yen.The FED: Out of Bullets? Re-load with Words
When the FED is out of bullets to fire, they re-load with words.
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Weekly Update
The Money Printing Pump shows how the FED's taking their foot off the gas in recent month's has enabled current market weakness.
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Tonight's nearly 8 minute video discussion might be a spiralcalendar.com record.October Insights
Weekly Support, Daily Resistance
The S&P 500 holds weekly support, but can it break through daily resistance?
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click chart to enlarge
Those Yom Kippur Buyers
Friday Rescue
Friday's rally prevented (or postponed) a very bearish signal for the S&P 500. My Money Printing Pump constructed from FED and ECB data continues to track equities nicely, though it lags due to settlement delays, limiting its forecasting usefulness.
click chart to enlarge