top chart (SPY, 30 minute time frame), shows that after the big move
higher at the beginning of the year, prices have meandered higher.
There is support around the 145-145.5 level. The lower chart (SPY,
daily time frame) shows that the daily action has been printing small
candles on declining volume. While prices have advanced through
technical resistance, there really isn't any meaningful rally since.
the start of the year, oil prices have have been inching higher, slowly
approaching the 38.2% Fib level. Prices are now about the 200 day EMA,
with the 10 and 20 day EMA crossing over the 200 day EMA. While the
CMR is giving a very strong buy signal, the MACD is approaching a sell
daily chart of the Russian market (top chart) shows that prices have
been rallying since mid-November. Prices have broken through the 200
day EMA and are now just below 6-month highs. The lower chart (weekly
time frame) shows that prices are right at year long consolidation range
between ~24 and 30.
yen has dropped a little over 12.5% since the end of last summer. Also
note the severity of the sell-off; traders continue to dump the
I'm on Linked In and Twitter (@captivelawyer). Silver Oz's Linked In name is @silver_oz. NDD is a fossil and may be reached by etching a picture in stone on the wall of a cave.
The Bonddad Economic History Project
At the beginning of 2012, I decided to start looking at the actual, statistical history of the US economy starting in 1950. The reason is simple: to find out what really happened. So, when you see title of a post that begins with a year such as 1957, followed by "employment" or "Fed policy: you know what it's for. You can also access the information by typing in BE for Bonddad econ and a year to find information on a particular year.
Here is a link to pages that contain links to all the posts on the years listed.