Weekly Update The dollar will need to rally versus the yen if this stock rally is to continue. click chart to enlarge The Nikkei should jump tonight. click chart to enlarge Get a room you two! click chart to enlarge click chart to enlarge Subscribe to see the rest of this post.
Unchaperoned I leave you all alone for a week and look what happens. click chart to enlarge A helluva bullish divergence last week, and now the oscillator has taken out any potential bearish divergence. This chart is bullish click chart to enlarge The Central Banks haven't given up. click chart to enlarge click chart to enlarge Subscribe to see the rest of this post.
Brexit, Pursued by a Bear Extra credit if you caught the literary reference in today's title. click chart to enlarge The five tops hang from the Spiral not unlike an Alexander Calder mobile. Mobile c.1932 Alexander Calder 1898-1976 Lent from a private collection 1992 http://www.tate.org.uk/art/work/L01686 click chart to enlarge click chart to enlarge click chart to enlarge click chart to enlarge Subscribe to see the rest of this post.
Brexcitement Is it over yet? We can't discount a melt-up here. Subscribe to see the rest of this post.
A Matter of Gravity I suppose the Brexit question is whether Britain can escape the gravitational pull of Europe. I'd rather watch than guess until this Brexit madness is done with. click chart to enlarge Subscribe to see the rest of this post.
Weekly Update I'm not a believer in rallies here. click chart to enlarge click chart to enlarge Subscribe to see the rest of this post.
Some Reversals Gold formed a range-bust reversal bar, but what about stocks? click chart to enlarge Can gold decline without a similar turn in dollar yen? I doubt it. click chart to enlarge Oversold but no divergence. Subscribe to see the rest of this post.
Underway Global stocks remain in the early stages of a multi-week decline. Video discussion inside. Subscribe to see the rest of this post.