Weekly TimeCycles, OptionFlows & Exhaustion highlights: SPIKE or No SPIKE...?

Relative Strength and Breadth Indicators are all showing a fading chararcter where less and less stocks participate. Even though we saw a good amount of catch up last week (...now that we have an 'all clear' signal from the US Employment market...if you believe the seasonal adjustments...), the overall picture is still week, driven by hot money and quick trades.

Last week we stressed that we needed more upside action to see a sufficient upside exhaustion. We have come much closer to that stage......

 Institutional hot/ 'must have' holdings show in aggregate that the hot money is getting tired and trigger happy in a way that it will not need much of a rollover to trigger the stops.

 A look at the Banks Optionflows also show how the hot money has been playing and that the Bnaks are starting to look heavy.

 Gold got hit hard on Friday or better the Hot Money took profits. This could be the beginning of a serious correction or not!
When a market should correct and doesn't - like most markets over the last weeks -  then we expect more upside which shows in the development of negative divergences in the Indicators. We see this in Gold, Prec. Metals, Institutional Money, Small Caps .......

Last week we observed all these FibTime clusters around the beginning of Feb. We experienced some power surges but no top yet which proves our theme of 'a market that does NOT want to correct' yet.

This week the next timing target seems to be around mid Feb.

Let's see if Mr Market ignores those clusters as well or whether we see some weakness.

All all is completely aligned with King Dollar which in itsself  is spooky and shows how liquidity driven these markets are.