No Quit

There is a fear of selling in the air.

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Interesting divergence between the MA and S&P.  I'm looking for convergence next week.

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Dicey

The remainder of the week may see some weakness.

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Larger bearish divergence forming in the S&P breadth oscillator.

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Positives drop off the MA next two days. Weathervane will deteriorate without more positive readings.

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Easter Update

Positive tides and a very positive liquidity picture helping stocks push higher last week.

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The European Central Bank is responsible for that recent vertical lift on the Money Printing Pump chart.

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It's amazing how a 7 day moving average of anything can track current S&P prices so well.

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Weekly Update

Liquidity trumps all.  The collapsing yen continues to provide a strong tailwind for stocks.

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Gold needn't rise to signal inflation. Failing to collapse now is signal enough.

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