Or more precisely, not all dollar exchange rates correlate equally with gold.
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click chart to enlarge
Category: S&P 500
Liquid Enough For Ya?
Slosh, slosh, slosh.
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click chart to enlarge
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Weekly Update
The bears and bulls are evenly matched here. I don't have a short-term favorite.
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A New Wind?
I'll need to see two of these days in a row, if you don't mind.
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What Tide?
Not sure I trust any rally now.
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Tidal Flats
A downward trend plus positive tidal-solunar equals a flat market.
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Weekly Update
The Europeans are pumping up their balance sheet again.
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The ECB balance sheet had a recent pop.
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You can see the ECB balance sheet pop here too, and corresponding euro weakness.
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Deteriorating
Stocks are barely holding on. I think the bears have to wait for later this month before the significant declines are possible.
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