Illiquid

As soon as the FX Weathervane shifted to a headwind, stocks too a beating.  Markets need liquidity, and it was in short supply today. Discussion inside.  

click chart to enlarge

click chart to enlarge

click chart to enlarge

click chart to enlarge

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Partial Update

Technical difficulties thwart today's video. Excel charts update within, and I'll try to get a video up tomorrow AM. Quick and dirty. This is a powerful move off the expected early May low.  The limited damage done in last week's drop suggests the underlying uptrend is more powerful than most think.  

click chart to enlarge

click chart to enlarge Nearly a bullish divergence. S&P missed by just a few points.

click chart to enlarge

click chart to enlarge

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