The Yen Drives the Bus

For a few minutes today immediately after the FED announcement, dollar yen and eMini futures moved in different directions. But at the end of the day, the two markets were back in sync. And the important feature here is that stocks are following the yen.

091715dollardrives

click chart to enlarge

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The Spiral Calendar – In from the Wilderness

The previous blog post lays out the reasoning that The Spiral Calendar may again be a useful forecasting tool. The Central Banks grip on price appreciation appears (at least for now) broken. We don't doubt they will try to reassert that grip.  The break seems to have begun near or on the May 19, all time high in the S&P 500.

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