Wednesday, May 15, 2013

Leveraged Bull ETFs: Divergence Warning!

Melt up or seasonal Top ?? The bears have thrown in the towel.......

This is either 'Irrational Exuberance II' (think 1997) or a gigantic bull trap (think 2007). We should find out soon....


...and don't ignore the bigger picture, as seen through the lens of our long- und medium-term Exhaustion (MOMO gage) Indicator.


OptionFlows: Gold and Miners need another RETEST of the Lows

Miners:

 GOLD:


EURO: Expect test of the Neckline 1.2770


Also observe how EURO behaves after the TREND Indicator goes through a pos/neg divergence sequence.
Which leaves us with the question of how long the Stock market can run against a stronger Dollar ?

Thursday, May 9, 2013

EURUSD Pattern is the Elephant in the room.....

Remember "Sell in May"......this is what a strengthening Dollar (weakening Euro) would mean in the world of ARB ALGOS.


Exhaustion Top like 2011?

OptionFlowExtremes hint at the possibility into a similar Seasonality !!