Weekly TimeCycles & OptionFlows highlights: Where has Santa gone ?

Silver is Oversold but still needs more time to heal.

 Gold has a bullish mediumterm outlook.

 Gold is oversold which should limit the downside for the remainder of the year.

Nonetheless Gold needs still some more time to heal.

 Silver might be along a bit further down the road.

Small Caps seem to skip the Santa rally....

...same as the Spyder

FlowMomo confirms that view.

..as do the OptionFlows for HOT MONEY...

Small Caps

and SPYDER.

The Dollar goes into the same direction hinting at more EURO WEAKNESS = RISK OFF = Dollar Strengthg for the immediate future....

...with arisk to evolve into a 1995 kind of scenario which could be morph into something even worse.

Bottom line:

• watch the Dollar, maybe it can take a brief break and allow Santa to return for 2+ weeks. If not, i.e. folks try to lock in year-end P&L's then things could turn painful.
• Precious Metals look promising after the liquidations of the last 2 weeks.