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.

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Chart-a-teria

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An interesting link on zerohedge shows how the rising yen is bearish for the S&P as Japan repatriates assets. I've reproduced their chart above as one to follow.

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And the yen remains correlated to gold - gold and yen are weak together now.

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I don't maintain that balance sheets inflated in dollar terms caused the current rally - but the chart does reflect the rumored G20 agreement to weaken the dollar and it's apparent (short term) success in stemming global equity weakness.

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This advance is not broad.

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Nor is it broadening.

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More charts, and today's video update within!

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