18 November 2014

SP 500 and NDX Futures Daily Charts

Janet and her Merry Pranksters are hitting some high notes.

The best explanation I have for this rally is the continuing weakness in the yen, strengthening the dollar, and therefore US dollar paper assets.

It was interesting today that the precious metals moved UP with stocks. This suggests the possibility that the stock market rally is in a late stage for this move right here and now.
Almost time for another wash and rinse.

Have a pleasant evening.