Friday, July 7, 2017

Weekend At Bernie's


I adjusted the Nasdaq count following today's payrolls rally...

Alternating daily rallies and declines for 8 sessions and four tests of the support line:







Oil rolled over hard again this week, along with commodities




Banks started to roll over again...




The dollar is getting shellacked as global Central Banks play catch-up with tightening...




The chart of the week of course is this one:




Bitcoin
Bitstamp, $USD

The 50 day is rising for the inevitable cross-over...



Recession stocks got monkey hammered this week

Bueller?

Campbell Soup



General Mills