Oil Over?

Stocks are outperforming the FX Weathervane. Large weaknesses in FX reading lead to small declines, and small recoveries in the indicator are leading to larger advances. Today's reversal shows the bulls still in charge. Crude oil seasonality discussion inside.  

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Monthly Update

Dollar up or down determines liquidity and liquidity impacts trend. It's August, I expect the tidal rhythms to once again become relevant in the next few weeks.

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Weekly Update

It's all about liquidity here. The FX Weathervane is showing us whether liquidity is entering or leaving the market.

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click chart to enlarge The moving average is positive for the first time since June 29.

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