Friday, November 25, 2016

The Chart of the Week

We know there won't be just one...

But so far, the night is young and this popped out at me...

Recall today's closing headline:




"Utilities are leading"




Some might prefer this way...



Taking a closer look...we find overlapping 1s and 2s at multiple degrees of trend...




Ok, charts of the week.

One year oil. Notice S&P in gray background. This is when "correlation" to the downside picked up...



Facebook & Friends:



Big Cap Tech w/relative strength



40 hour average volume aka. Blow-off top...



S&P momentum




And Ameritrade. Of course...



But the Ponzi chart that sums up this insanity is this one...

The small bank ETF (w/volume) and cash balances (red) aka. "the big long":