Charts I’m Watching: Jun 21, 2021

ES came within 9 points of our next downside target before getting a nice bounce motivated primarily by USDJPY, which was working flat out to save the NKD from a scary, and long overdue dive to its SMA200. This bounce will be quite important to the bulls, who are no doubt hoping to avoid a … continue reading →

Don’t Fight the BoJ

I know what you’re thinking: it’s “don’t fight the Fed.” While that’s generally true, too, the Bank of Japan is the central bank which most conspicuously wears its balance sheet on its sleeve. When my charts are a farrago of bearish indicators, but the Nikkei pushes up through resistance? I’ve learned to ignore the indicators … continue reading →

Yield Curve Model: “Correction Imminent”

Our yield curve model is again sounding the alarm on overpriced equities. Unless the 10Y – which closed its June 8 gap this morning – declines sharply right away, the 2s10s spread signals a sharp equity downturn to finish the correction which began on Oct 12.The bad news for equities? A sharp drop in the … continue reading →

Update on NKD: May 29, 2013

While the Nikkei hasn’t officially been on our hit list, it’s certainly been fascinating to watch.  Today, it earned its very own page on pebblewriter.com. Late last night (early this morning?) I updated the USDJPY [HERE] which was at a critical point in its own rally to the moon.  It recently broke down through the … continue reading →