Category: The Spiral Calendar
One Market
Japan and the US are one stock market when seen through the lens of a single currency.
click chart to enlarge
click chart to enlarge
I am embarrassed. Previous charts of this relationship were incorrect. They showed the S&P in euroyen terms, not yen terms. I apologize. The correlation is quite a bit tighter now. The weak dollar versus world currencies had been helpful during the recent rally. A weak dollar versus the yen is not helpful.
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.
click chart to enlarge
click chart to enlarge
A Shoe Drops
The 135 minute RTH eMini chart has generated three sell indication in the space of two bars.
click chart to enlarge
Weekly Update
How Scared?
click chart to enlarge
How scared were the Central Banks in January?
Some Charts
Who’s Driving?
Are the central banks regaining control of the runaway bus? An expanding Bank of Japan balance sheet in dollar terms does wonders for equity market health. And yet, various central banks tricks seem to come with an expiration date beyond which their effectiveness is sharply diminished.
click chart to enlarge 
click chart to enlarge