This is my first post - so I hope it works. For quite a while I've observed a leading relationship between the AUD/USD and the SPY. Have a look at the recent activity. You'll see that the AUD was falling while at the exact time the SPY was rising. Ultimately both fell to the same degree. The AUD/USD is a reasonable proxy for risk and I'd like to further explore it's possibilities in future posts.
Al_Dente wrote:PAGING UEMPEL
“”””Al_Dente has about 200 systems (adds at least one new system per day)””””
Speaking of which, i’m not sure how long i can call u the “King of the Bullish Percents” when u won’t even PEEK at the BPFINA
Everyone knows that banks lead sometimes usually often depending not
Also there’s your 200dma as dark as I can make it
1114bpfina.png
I don't have to peek at BPFINA as long as the financial Industry is 8% of GDP and profits are sliding. BPFINA won't rise for the next few years. The decline of the financial industry will go on until it finds a new equilibrium, perhaps around 5% of GDP.
But if you wish, I will post BPFINA
As to being K of BPs, I'm glad to be degraded. Or do I first have to get caught in some kind of illegitimate affair (with TraderLady?) here in the forum before you rip the crown from my head and feed my old body to the sharks
SDS indicating some sort of top...??? Intermediate or longer term?? There is a possibility that the 15th could be THE low and the 28th is a higher low....???
ok, no breakdown while I'm at lunch, but the chart still is bearish biased. wait.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.