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.

click chart to enlarge Larger bearish divergence forming in the S&P breadth oscillator.

click chart to enlarge 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.

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

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click chart to enlarge 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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click chart to enlarge

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

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