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Nikkei and S&P in yen terms have topped - expect S&P in dollars to follow.
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Stocks helped by very weak dollar on Friday. Tuesday's new moon may end that trend.
Category: Solunar Model
StimuLess?
Will the market's appetite for stimulus be satisfied by the BoJ this evening?
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Yen Time
Daily sell signal in dollar yen today. The S&P WILL follow.
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Three sell indicators fired today - RSI divergence, Cycle-Trap, and Net Line Sell.
click chart to enlarge Stocks will catch up to dollar yen post-Janet.
Weekly Update
Back on July 6 I suggested 'perhaps we should just concede July to the bulls. I suspect we need to be patient another week.
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Bad Breadth
Diverging breadth in the S&P 500.
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Solunar Harmony
All four markets with Solunar Models are following current seasonal direction; stocks up, gold down, oil down, rates up. I note that the Solunar Models have periods of effectiveness and periods of ineffectiveness. They are most effective when markets are emotional.
click chart to enlarge Short term topping.
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Nikkei still lagging.
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In yen terms, S&P rally is move back into resistance.
The Yen is Driving the Bus
click chart to enlarge Is the great yen rally finished?
click chart to enlarge Another +2% up is implied for the Nikkei tonight. If Japan isn't strong, expect U.S. weakness tomorrow.
click chart to enlarge No divergence here.
Weekly Update
The dollar will need to rally versus the yen if this stock rally is to continue.
click chart to enlarge The Nikkei should jump tonight.
click chart to enlarge Get a room you two!
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