Wednesday Dec 17, 2014
Join Club EWI for free and access this oil report Club EWI is free nd offers some insights for just that price. I find such venues of value so am listing them here for readers.
SPX and Bonds
I put the SPX in green OHLC bars and you can readily see that is is the opposite of TLT in red and black. I suspect this is just a obouce for a few days in stocks and oil to the upside.
2008 Re Visited
RSX Russian Stock Market
Does this look a lot like many markets in 2008? You bet it does. This is what happens when you put 70% of the entire export economy of a country on Roulette Black Number x which is oil. Things can collapse.
I suspect that this may be emblematic of all commodity exporting countries for he next few months.
Both Gary Gasparov and Ralph Peters think Vladimir Putin is the most dangerous man in the world. He has become more so as he fears losing power over his bet on oil. He will never admit his mistake but will lash out at various perceived enemies of the State, the West. The risk of a serious conflict grows.
SPX One Hour Chart
This one hour chart demonstrates that even a powerful 200+ point rally is relatively minor, probably just reaching back to the lower rungs of the moving averages.
Dow Industrials
Six months and zero progress,right back where we were in June. This is how markets top out.
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