claydoctor
Short

JPN225 at key support decision time

FX:JPN225   Nikkei 225 index of Japanese listed shares
117 0 3
bouncing right off key fib and major trend line support and squeezed between those and major resistance. New year could be break out moment big time, either way. I am leaning down. But the bulls may try to save it. TRIN             way up, without spy             price down, yet! Do we ignore death cross (red circle) or does it have its day and the stock buy back power players give up their fight, next week? Rotation is clear, small and mid cap flowing into the us30             big cap, and defensive sectors. Its only a matter of time, but how much? Oil             price may decide it all here, because if dollar strengthens and oil             has a further decline, rotation from large cap to cash may be the next move. Other hand, if oil             bottoms here, and dollar weakens, big cap will not rotate to weakening dollar for value, may just rotate to oil             , commodities , gold             , which would rise, and be a heck of a rising tide, lifting all stocks big time. Wow! Pretty amazing time in stock market history about to occur. IMO: as in 2008-09, oil             took additional 120 days of zig zag to finally bottom. And all those yield chasers tempted to go long oil             too soon will be hurt, and stocks will also be hurt because there will be no where to run.
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