Spiral Calendar – Page 197 – Christopher Carolan on Financial Markets & Lunar Cycles

Potential

VIX and Breadth indicators both getting into position for potential bearish signals.

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Follow the Yen

Dollar yen is moving up, and U.S. stocks are following.

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Weekly Update

Stocks are back at resistance. Can they break through?

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A weaker dollar raised the value of non-dollar central bank collateral, which supports stock prices, as seen in my "Heroin" chart. Recent dollar weakness combined with an increase in the ECB balance sheet has once again goosed the S&P averages. The lag seems to have shrunk from about 12 days to 6.

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Back into the Chop

This rally brings the S&P back into recent congestion.

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The FED’s Half Life

The FED can't keep crying wolf. The Yellen rally lasted about 6 hours. Compare that to the 6 week move following Bullard's October comments. The ability of the FED to inflate markets with their own hot air is waning.

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The original Money Printing Pump

click chart to enlarge New Lows on the move again.

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Stick Save

The FED seemingly engineered another stick save* with Yellen's comments this afternoon. I think their ability to generate lasting rallies is diminished each time they pull this stunt. (*That's an ice hockey term).

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Metals Update

A quick update for Premium Subscribers. I'll have more complete commentary after the close in the Thursday video discussion.

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