U.S. stocks may generate an interesting short-term signal in the next few trading hours.
Subscribe to see the rest of this post.
Oil & the Dollar
We’re Back – Sort Of
The blog is recovering from a rather nasty worm infection. Basic posting has returned, but it may be awhile before I get the subscription sign-up module back up and running. Thanks for your patience! Happy Holidays! Mine will be spent squashing web code bugs!
Analog on the Seasonal Fire
Here's a couple of interesting charts. First, is an analog comparing the NASDAQ from the 2000 top to the Japanese Nikkei from its 1989 top. This chart has been floating around for a while and is not my work. But it's interesting. I tend to think analogs break down those times when the driving forces behind the parallel aren't understood. The other salient point here is that the analog seems more useful in finding coincident lows than market tops. Nonetheless, if the patter were to continue, stock prices would head higher into June 2010. That's not an idea I'm currently subscribing to.
click chart to enlarge
The second chart today for subscribers is a close-up of the solunar model for the next few months in U.S. stocks.