Prices are grinding to nowhere. The liquidity situation (FX Weathervane) has improved late this week with yen weakness.
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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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That Dollar Reversal
This week's dollar reversal appears significant. The technical details are in today's subscriber video.
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Yuan’s Yawning Gap
Has the DXY met its match? I speculated a few months ago that a stronger dollar vs China might make the weak DXY a less effective prop for stocks. Today's action strengthens that argument.
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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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From Japan with Love
It seems to me the Japanese attempts to save their stock market with liquidity is spilling over into the U.S. market.
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Reflex
Buy the Dip will work again..... Right?
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