Traders reap the value of intermarket technical/quantitative analysis in capturing junctures, where various asset classes have reached potential inflection points. Such levels can be support/resistance in terms of TA, or moves in material magnitude, such as 20% or 30% declines/gains, which trigger program driven trading. So during
Thursday's market carnage (equity indices and cryptos), I sent the below charts
(created on Thursday) to my
WhatsApp Broadcast Group, highlighting the vital technical levels in five key markets. It's all about confluence across different asset classes. Here's how.
Japanese exports last month where terrible
Simon
But......... I do take all of what you say into account.
I see your Equity vs USD article today too.
As regards stocks though, i think it is fair to say any pull back "should" be temporary "at the moment"
Phew....... Your book too has got me thinking ......... I see 10 year yield dropped today and 2 year has stayed where it ended on friday just about.......... Do you think the 10 - 2 spread is peaking ??
You did say the economy and stocks lag the curve by months to year or so
Also ............ Oil / Gold ratio i am sure is on the up.
But i do think stocks look bullish now ........ If it made a 1-2-3 then i would say bearish ..... But to me S&P looks like it has made a channel congestion since 1st June. It has even made a succession of higher lows since 1st June.
I am guessing and clutching at straws now, but ............ CPI next week ........... Did you hear something about businesses still needing to burn off a lot of inventories ?
Always nice to hear your thoughts
Thanks
Simon
Thanks
Simon
"Summer Doldrums"
I see over the 2003 recovery it took a pause June - August
IMHO, (and understanding i am a complete idiot)..................
Stocks look pretty bullish right now !!!
Simon
Do you know where i might find 10-2 Treasury spread charts ???
I see bloomberg website has nice charts, but i do not know all they tickers, or even if they show them.
http://www.bloomberg.com/apps/cbuilder?ticker1=.TEDSP:IND
Thanks
Simon
P.S. I will tip USDZAR back to 8.5 in a couple of weeks
If you plot New and Full moon and most marco charts you get interesting results, (sometimes break outs, sometimes tops). May 7th last top on S&P was exactly on Full moon.
Could well just be randomness and like anything in this game you need to take it in context.
XAUEUR looks very interesting, (had 0.3:1 long for a while), nice to see it +700
Simon
P.S. I have not been able to find much info on your two month cycle, (it wasn't in your hard cover book), please post a link if you can.
Thanks
Simon
Wishful thinking.
Very comphrensive, (take me a while to go through it).
and Good value for money.
Your hardcover book is simply amazing.
I cannot thank you enough
Simon
I am a couple of days to weeks and months type man.
Great game !
Simon