Tandem, Consolidation, Tandem, and now Inverse correlation. The devalue of the Euro taking effect perhaps, next week will confirm or not. Dollar up, markets up now? Mmmmm.
see chart, can this actually be that simple?
Currency pair correlation to the markets , Euro/USD correlation SPY and IWM observation. Just an observation, may mean nothing, but probably means something. More times than not, Euro/USD up, markets down lately. And IWM and SPY working together. However, observed a divergence in this trend. Question is IWM up or SPY down, and what of the currency effect?
see notes on chart
see notes on chart. Hug your children ( if you got them ) today.
notes on chart, I believe the trend will continue up for TZA.
Could they look back on this time frame and call it "The great rotation" (after the great recession). Growth to value stocks, then to Utilities, then to cash. When XLU drops suddenly....
Watched Cramer chart and focus on the 20 week and 40 week ema. FB the only tech stock left not breaking the 20 heading for the 40, and a bear cross set up. The IWM heading straight for the 200ema. Many tradeviewers saying watch for crash,not sure, but if things keep going this rotational way, all the growth stocks are being abandoned, and the hedge funds...
Just noting the Tuesday action, markets higher, looking for a reason? Anyone? To pick one, I choose TZA, with the Russell having the most severe changes these days relatively speaking. Note: Bollinger reactions and volume.
Whole foods has always been a leading indicator of trends. Do chart comparisons to 2000 and 2007-08, and it becomes obvious. Walmart announcing its push to compete with WFM products is not a catalyst, but an indicator and symptom of a larger trend in the economy, and tips where we are headed. Apple's 7 to 1 split is a weak attempt and a last ditch effort to...
WFM canary in coal mine, tgt 28.50 weekly chart
Yellen spoke, so soon, and was not needed, or was it?
If WFM breaks 50, either the world comes to an end or where it stops no one knows.