Weekly Update

Liquidity and sentiment are the short-term drivers of equity prices. Positive tidal cycles and a very positive FX Weathervane (weak yen) combined for a strong rally last week. Those conditions won't last.  

click chart to enlarge

click chart to enlarge

click chart to enlarge

click chart to enlarge

click chart to enlarge

Subscribe to see the rest of this post.

Weekly Update

The market continues to give us more evidence that a psychological change in sentiment occurred on the September 6 New Moon.

click chart to enlarge
The 6 hr FX Weathervane chart shows the two sharp headwinds that occurred on Tuesday and Friday. I expect more volatility ahead.

click chart to enlarge
Liquidity is tightening and that development is bearish.

click chart to enlarge

click chart to enlarge

Continue reading Weekly Update

Wind Shift

Equities have been behaving like a bear market ever since that September 6 New Moon. The tides are turning down now for the next few days.  Hang On!!

click chart to enlarge

click chart to enlarge

click chart to enlarge

Subscribe to see the rest of this post.