118117 Weekend update v2

Highlight: Bitcoin remains on a buy signal after completing two retracement signals.   Divergence continues with the rallies for USD rally and US bond yields stalled while oil /commodities generate a third STORMM rally signal which strengthens their rising trend. 

The STORMM blog is updated on the weekend and our stockcharts daily. The charts are accessible via the link in the right side bar. Please vote and elect to follow our charts.

We cover STORMM signals for the SP500, 10yr Treasury yield, USD, gold, oil, and the VIX with Pring Turner business cycle charts. The charts are arranged first with a STORMM annotation followed by a TMS view and two moving average charts. With a similar time scale its easy to compare signals across multiple charts by scrolling down the page.

SP500:No change: The SP500 STORMM indicators remain on a buy signal from August 21.  The developing STORMM sell signal failed at the end of the week and we remain on a buy signal.  The accompanying indicators have not yet switched to a buy signal but we anticipate that will occur in the coming week.

SP500 Stratasearch: We’re introduced a new chart and technical indicator set for SPXL developed using the outstanding software from Stratasearch. The accompanying chart at the top of page 2 in our Stockchart public series contains the last 6 months of signals for the SPXL using some of these indicator sets. The best of the set of indicators we’re displaying have the following performance backtest results from 2007: APR: 52.17%, Ave Trade: 11.79%, Ave Win%: 47.74%, Ave Loss%:8.19, Pct Profitable trades: 35.71%, Num trades:42, wins:15 loss 27. Stops at 3,4, and 8%. Some of the other indicator combinations produce a more profitable number of trades but at the expense of yearly performance. Stop loss levels are key to avoid significant drawdowns. We are currently exploring a combination of tactical asset allocation (momentum strategy) across a set of 10 asset classes with optimized Stratasearch signals to determine performance characteristics. Results will be presented in the future. As with all our indicators, the signals are for instructional purposes and not presented as advise to buy or sell a security.

SPXL:  The SPXL indicators went through two sell signals in October and then generated a buy signal on November 16th.

Europe:  The STOX50 generated a buy signal on Aug 13th that still remains valid.  In November we’ve had two STORMM signals that forecast declines near-term before the rally resumes.  The TMS and Renko charts confirm this near-term weakenss.

SP500:Long term technicals: The set of charts are a collection of classical indicators that are valuable on a long-term to mid-term time spans and have been key in calling key tops and bottoms over the last 15 years.

Weekly SP500 (EOW 11/18/17): Buy: All the weekly indicators are on a buy signal for the weekly SP500.

Monthly SP500 (EOM- 10/17): Buy All the monthly indicators are on a buy signal.

US 10 yr Treasury bond yield: No change:  The US 10 year bond yield took a sharp reversal and generated two increasing yield STORMM signals on Sept 9th and Oct 16th.  On Nov 9th a third rising yield STORMM signal was generated producing a very strong trend indicator for rising rates.  Not a surprise with the pending FED Dec decision approaching.

TNX weekly (11/18/17) Rising yields:   A weakening trend with some of the indicators crossing into declining yield territory

TNX monthly (10/17) Rising yields:  Similar to the weekly chart – at the recent inflection point with a partial set of indicators signalling declining yields

USD:  The USD is experiencing a divergence in signals with a STORMM buy signal from Sept 9th and again a second signal from November 15th.  However, the accompanying indicators are all on a sell signal.  We anticipate this divergence will resolve in the favor of a renewed rally in the USD but are watching this closely since we have two strong trends in commodities discussed below and the US Bond yield picture is stalled.

Oil (and commodities): Both oil and commodities generated  a third STORMM buy signal that will be moving into challenging waters as bond yields and the USD climb.

VIX:  The VIX generated a second sell signal as the recent equity retracement completed its ABC down.  This is the third time in two months that the VIX Bollinger Band chart has moved through this two phase spike.  Given the multiple rally signals above for equities we anticipate the VIX decline to mid-channel, pause, and then drop to its lower BB line to setup another spike as we move into December and congress wrestles with tax reform.

Pring business cycle: No change: As we’ve seen several times since 2009 the FED’s economic management has perturbed a normal business cycle progression and with both bonds and stocks above their 250dMA we’re reversing back to Pring business cycle 2 from cycle stage 4.  So we’ll be watching bond yields closely going forward for both economic expansion vs recession as well as USD/commodities moves.

Given the recent dual hurricanes is a growing possibility that US GDP will decline and maybe go negative in the next two quarters and the Pring business cycle could backup up to stage 1 which is a late recession alignment where only US bonds are above their 250dMA. 

Pring deflation: inflation: No change:  This indicator is failing its test of the 250dMA line and as bond yields and USD rally the deflation pressure builds – increasing the pressure on the Dec FED rate increase.

Bitcoin:   Currently Bitcoin has a STORMM buy signal from early September (9.16).  The STORMM indicators have twice in the last two months generated  signals that forecast a minor retracement then a move to new highs.   This week two of the three STORMM indicators moved to oversold levels and fell short of generating a new buy signal.  We’re still on the buy signal from September and the rapid climb this week for Bitcoin has quickly put the STORMM indicator near overbought terrotiry and moving toward a new signal.

 

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111817 Weekend update

Highlight: Divergence continues with the allies for USD rally and US bond yields stalled while oil /commodities generate a third STORMM rally signal which strengthens their rising trend.  Bitcoin remains on a buy signal.

The STORMM blog is updated on the weekend and our stockcharts daily. The charts are accessible via the link in the right side bar. Please vote and elect to follow our charts.

We cover STORMM signals for the SP500, 10yr Treasury yield, USD, gold, oil, and the VIX with Pring Turner business cycle charts. The charts are arranged first with a STORMM annotation followed by a TMS view and two moving average charts. With a similar time scale its easy to compare signals across multiple charts by scrolling down the page.

SP500:No change: The SP500 STORMM indicators remain on a buy signal from August 21.  The developing STORMM sell signal failed at the end of the week and we remain on a buy signal.  The accompanying indicators have not yet switched to a buy signal but we anticipate that will occur in the coming week.

SP500 Stratasearch: We’re introduced a new chart and technical indicator set for SPXL developed using the outstanding software from Stratasearch. The accompanying chart at the top of page 2 in our Stockchart public series contains the last 6 months of signals for the SPXL using some of these indicator sets. The best of the set of indicators we’re displaying have the following performance backtest results from 2007: APR: 52.17%, Ave Trade: 11.79%, Ave Win%: 47.74%, Ave Loss%:8.19, Pct Profitable trades: 35.71%, Num trades:42, wins:15 loss 27. Stops at 3,4, and 8%. Some of the other indicator combinations produce a more profitable number of trades but at the expense of yearly performance. Stop loss levels are key to avoid significant drawdowns. We are currently exploring a combination of tactical asset allocation (momentum strategy) across a set of 10 asset classes with optimized Stratasearch signals to determine performance characteristics. Results will be presented in the future. As with all our indicators, the signals are for instructional purposes and not presented as advise to buy or sell a security.

SPXL:  The SPXL indicators went through two sell signals in October and then generated a buy signal on November 16th.

Europe:  The STOX50 generated a buy signal on Aug 13th that still remains valid.  In November we’ve had two STORMM signals that forecast declines near-term before the rally resumes.  The TMS and Renko charts confirm this near-term weakenss.

SP500:Long term technicals: The set of charts are a collection of classical indicators that are valuable on a long-term to mid-term time spans and have been key in calling key tops and bottoms over the last 15 years.

Weekly SP500 (EOW 11/18/17): Buy: All the weekly indicators are on a buy signal for the weekly SP500.

Monthly SP500 (EOM- 10/17): Buy All the monthly indicators are on a buy signal.

US 10 yr Treasury bond yield: No change:  The US 10 year bond yield took a sharp reversal and generated two increasing yield STORMM signals on Sept 9th and Oct 16th.  On Nov 9th a third rising yield STORMM signal was generated producing a very strong trend indicator for rising rates.  Not a surprise with the pending FED Dec decision approaching.

TNX weekly (11/18/17) Rising yields:   A weakening trend with some of the indicators crossing into declining yield territory

TNX monthly (10/17) Rising yields:  Similar to the weekly chart – at the recent inflection point with a partial set of indicators signalling declining yields

USD:  The USD is experiencing a divergence in signals with a STORMM buy signal from Sept 9th and again a second signal from November 15th.  However, the accompanying indicators are all on a sell signal.  We anticipate this divergence will resolve in the favor of a renewed rally in the USD but are watching this closely since we have two strong trends in commodities discussed below and the US Bond yield picture is stalled.

Oil (and commodities): Both oil and commodities generated  a third STORMM buy signal that will be moving into challenging waters as bond yields and the USD climb.

VIX:  The VIX generated a second sell signal as the recent equity retracement completed its ABC down.  This is the third time in two months that the VIX Bollinger Band chart has moved through this two phase spike.  Given the multiple rally signals above for equities we anticipate the VIX decline to mid-channel, pause, and then drop to its lower BB line to setup another spike as we move into December and congress wrestles with tax reform.

Pring business cycle: No change: As we’ve seen several times since 2009 the FED’s economic management has perturbed a normal business cycle progression and with both bonds and stocks above their 250dMA we’re reversing back to Pring business cycle 2 from cycle stage 4.  So we’ll be watching bond yields closely going forward for both economic expansion vs recession as well as USD/commodities moves.

Given the recent dual hurricanes is a growing possibility that US GDP will decline and maybe go negative in the next two quarters and the Pring business cycle could backup up to stage 1 which is a late recession alignment where only US bonds are above their 250dMA. 

Pring deflation: inflation: No change:  This indicator is failing its test of the 250dMA line and as bond yields and USD rally the deflation pressure builds – increasing the pressure on the Dec FED rate increase.

Bitcoin:   Currently Bitcoin has a STORMM buy signal from early September (9.16).  The STORMM indicators have twice in the last two months generated  signals that forecast a minor retracement then a move to new highs.   This week two of the three STORMM indicators moved to oversold levels and fell short of generating a new buy signal.  We’re still on the buy signal from September and the rapid climb this week for Bitcoin has quickly put the STORMM indicator near overbought terrotiry and moving toward a new signal.

 

111117 Weekend update

Highlight: Bitcoin repeats its last STORMM signal and begins a stronger decline to an important support zone.  US bond yields produce a third rising rate signal. 

The STORMM blog is updated on the weekend and our stockcharts daily. The charts are accessible via the link in the right side bar. Please vote and elect to follow our charts.

We cover STORMM signals for the SP500, 10yr Treasury yield, USD, gold, oil, and the VIX with Pring Turner business cycle charts. The charts are arranged first with a STORMM annotation followed by a TMS view and two moving average charts. With a similar time scale its easy to compare signals across multiple charts by scrolling down the page.

SP500:No change: The SP500 STORMM indicators remain on a buy signal from August 21 have reached oversold levels and with the decline in the last week have initiated a sell signal that needs full validation before its accepted.  The accompanying indicators are all turning negative but none have yet generated a sell signal.  We have a deteriorating equity signal that bears close watching.

SP500 Stratasearch: We’re introduced a new chart and technical indicator set for SPXL developed using the outstanding software from Stratasearch. The accompanying chart at the top of page 2 in our Stockchart public series contains the last 6 months of signals for the SPXL using some of these indicator sets. The best of the set of indicators we’re displaying have the following performance backtest results from 2007: APR: 52.17%, Ave Trade: 11.79%, Ave Win%: 47.74%, Ave Loss%:8.19, Pct Profitable trades: 35.71%, Num trades:42, wins:15 loss 27. Stops at 3,4, and 8%. Some of the other indicator combinations produce a more profitable number of trades but at the expense of yearly performance. Stop loss levels are key to avoid significant drawdowns. We are currently exploring a combination of tactical asset allocation (momentum strategy) across a set of 10 asset classes with optimized Stratasearch signals to determine performance characteristics. Results will be presented in the future. As with all our indicators, the signals are for instructional purposes and not presented as advise to buy or sell a security.

SPXL:No change:   A second sell signal has developed on the 23rd.  From early July to early Oct the buy/sell signals generated a 14.11% gain bringing the 2017 total move to +29.79%.

Europe:  The STOX50 has generated an overbought sell signal at the beginning of November that forecasted the minor retracement followed by a renewed climb from the last valid buy signal from late April.  It appears we’re reaching a new buy signal with the STORMM indicators now in oversold levels.   The TMS and Renko charts still signal a decline in the STOX50.

SP500:Long term technicals: The set of charts are a collection of classical indicators that are valuable on a long-term to mid-term time spans and have been key in calling key tops and bottoms over the last 15 years.

Weekly SP500 (EOW 11/11/17): Buy: All the weekly indicators are on a buy signal for the weekly SP500.

Monthly SP500 (EOM- 9/17): Buy All the monthly indicators are on a buy signal.

US 10 yr Treasury bond yield: No change:  The US 10 year bond yield took a sharp reversal and generated two increasing yield STORMM signals on Sept 9th and Oct 16th.  On Nov 9th a third rising yield STORMM signal was generated producing a very strong trend indicator for rising rates.  Not a surprise with the pending FED Dec decision approaching.

TNX weekly (11/4/17) Rising yields:   A weakening trend with some of the indicators crossing into declining yield territory

TNX monthly (10/17) Rising yields:  Similar to the weekly chart – at the recent inflection point with a partial set of indicators signalling declining yields

USD: No change Similar to bond yields and in response to rising yields the USD has reversed into a rally off the STORMM buy signal from Sept 11.  However, this rally is running out of steam or is taking a pause with all the indicators in overbought territory.

Oil (and commodities):No change: Both oil and commodities generated  a second STORMM buy signal that will be moving into challenging waters as bond yields and the USD climb.  The current STORMM indicators signal a minor retracement to be followed by new highs.

VIX:  The VIX generated a buy signal on Nov 4th and quickly spiked through all three sell signals on the Bollinger Band chart.  With both the TMS and Renko charts supporting this move upward in the VIX and having the third buy to sell spike in 1 1/2 months we anticipate volatility could be rising as we approach year end with the FED rate decision and several political moves in DC pending.

Pring business cycle: No change: As we’ve seen several times since 2009 the FED’s economic management has perturbed a normal business cycle progression and with both bonds and stocks above their 250dMA we’re reversing back to Pring business cycle 2 from cycle stage 4.  So we’ll be watching bond yields closely going forward for both economic expansion vs recession as well as USD/commodities moves.

Given the recent dual hurricanes is a growing possibility that US GDP will decline and maybe go negative in the next two quarters and the Pring business cycle could backup up to stage 1 which is a late recession alignment where only US bonds are above their 250dMA. 

Pring deflation: inflation: No change:  This indicator is failing its test of the 250dMA line and as bond yields and USD rally the deflation pressure builds – increasing the pressure on the Dec FED rate increase.

Bitcoin:   Currently Bitcoin has a STORMM buy signal from early September (9.16) and the indicators are in very overbought territory signalling a minor retracement to be followed by moves to new highs.  The Oct 16 minor retracement signal was followed by shallow retreat and a similar second STORMM signal for a minor retracement is again developing from its early November signal.   This retreat will likely find support in the 5560 (50%) retracement area which is also the Oct retracement /support area.

 

110417 Weekend update

Highlight: #Bitcoin remains on its last STORMM signal as it continues to move to new highs. 

The STORMM blog is updated on the weekend and our stockcharts daily. The charts are accessible via the link in the right side bar. Please vote and elect to follow our charts.

We cover STORMM signals for the SP500, 10yr Treasury yield, USD, gold, oil, and the VIX with Pring Turner business cycle charts. The charts are arranged first with a STORMM annotation followed by a TMS view and two moving average charts. With a similar time scale its easy to compare signals across multiple charts by scrolling down the page.

SP500:No change: The SP500 STORMM indicators remain on a buy signal from August 21, but the accompanying indicators are diverging and split between buy and sell signals.   The STORMM indicators are approaching oversold levels so its prudent to watch their progression.

SP500 Stratasearch: We’re introduced a new chart and technical indicator set for SPXL developed using the outstanding software from Stratasearch. The accompanying chart at the top of page 2 in our Stockchart public series contains the last 6 months of signals for the SPXL using some of these indicator sets. The best of the set of indicators we’re displaying have the following performance backtest results from 2007: APR: 52.17%, Ave Trade: 11.79%, Ave Win%: 47.74%, Ave Loss%:8.19, Pct Profitable trades: 35.71%, Num trades:42, wins:15 loss 27. Stops at 3,4, and 8%. Some of the other indicator combinations produce a more profitable number of trades but at the expense of yearly performance. Stop loss levels are key to avoid significant drawdowns. We are currently exploring a combination of tactical asset allocation (momentum strategy) across a set of 10 asset classes with optimized Stratasearch signals to determine performance characteristics. Results will be presented in the future. As with all our indicators, the signals are for instructional purposes and not presented as advise to buy or sell a security.

SPXL:No change:  The SPXL indicator has been changed to a slightly longer indicator series that now has a new sell signal generated on Oct 2.  A second sell signal has developed on the 23rd.  From early July to early Oct the buy/sell signals generated a 14.11% gain bringing the 2017 total move to +29.79%.

Europe: No change:  The STORMM buy signal continues and both the TMS and Renko charts support this call.

Similar to the SP500 the STOX50 has generated an overbought sell signal forecasting a minor retracement followed by a renewed climb from the last valid buy signal from late April.

SP500:Long term technicals: The set of charts are a collection of classical indicators that are valuable on a long-term to mid-term time spans and have been key in calling key tops and bottoms over the last 15 years.

Weekly SP500 (EOW 11/10/17): Buy: All the weekly indicators are on a buy signal for the weekly SP500.

Monthly SP500 (EOM- 9/17): Buy All the monthly indicators are on a buy signal.

US 10 yr Treasury bond yield:No chang3:  The US 10 year bond yield took a sharp reversal and now has two increasing yield STORMM signals from Sept 9th and Oct 16th.  The accompanying indicators also resolved their divergence to a rising yield forecast.

TNX weekly (11/4/17) Rising yields:   A weakening trend with some of the indicators crossing into declining yield territory

TNX monthly (10/17) Rising yields:  Similar to the weekly chart – at the recent inflection point with a partial set of indicators signalling declining yields

USD: No change Similar to bond yields and in response to rising yields the USD has reversed into a rally off the STORMM buy signal from Sept 11.  The divergence in signals resolved in the direction we didn’t expect but we now have all the accompanying indicators  supporting a climbing USD.  With bond yields and the USD climbing the direction of oil and commodities could come under pressure if the trend continues.

Oil (and commodities): Both oil and commodities generated  a second STORMM buy signal that will be moving into challenging waters as bond yields and the USD climb.  The current STORMM indicators signal a minor retracement to be followed by new highs.

VIX:  After the last set of sell signals near the end of Oct the VIX has declined to the lower Bollinger Band and crossed the inside line setting up a buy signal with any equity decline near term.  The SP500:VIX ratio has gone to a historic high highlighting the lack of fear in the market — which in itself is a scary condition for equities.

Pring business cycle: No change: As we’ve seen several times since 2009 the FED’s economic management has perturbed a normal business cycle progression and with both bonds and stocks above their 250dMA we’re reversing back to Pring business cycle 2 from cycle stage 4.  So we’ll be watching bond yields closely going forward for both economic expansion vs recession as well as USD/commodities moves.

Given the recent dual hurricanes is a growing possibility that US GDP will decline and maybe go negative in the next two quarters and the Pring business cycle could backup up to stage 1 which is a late recession alignment where only US bonds are above their 250dMA. 

Pring deflation: inflation: No change:  This indicator is failing its test of the 250dMA line and as bond yields and USD rally the deflation pressure builds – increasing the pressue on the Dec FED rate increase.

Bitcoin:  We’ve applied our STORMM indicators to Bitcoin and from the chart below they appear to align with significant highs and lows (see chart below).   We’re adding this market to our weekly blog and the charts for Bitcoin can be accessed at our Stockcharts public page.

No change: Currently Bitcoin has a STORMM buy signal from early September (9.16) and the indicators are in very overbought territory signalling a minor retracement to be followed by moves to new highs.  The Oct 16 minor retracement signal remains in place.

 

102517 Wednesday update

Highlight: The SP500’s direction after today’s retracement is presented with the current indicator forecast.     (chart link in sidebar updated for public access).

The STORMM blog is updated on the weekend and our stockcharts daily. The charts are accessible via the link in the right side bar. Please vote and elect to follow our charts.

We cover STORMM signals for the SP500, 10yr Treasury yield, USD, gold, oil, and the VIX with Pring Turner business cycle charts. The charts are arranged first with a STORMM annotation followed by a TMS view and two moving average charts. With a similar time scale its easy to compare signals across multiple charts by scrolling down the page.

SP500: The SP500 STORMM indicators have generated another STORMM signal on 10/21 that forecasts a minor decline to be followed by a renewed rally off the STORMM buy signal from Aug 21.  This is the fourth STORMM signal for a minor retracement since the last major buy signal.  So the Trump rally is not done yet and this current forecast aligns with many Elliot wave blogs that are calling this a wave 4 move to be followed by one more rally into wave 5.  Many of the accompanying indicators that are more sensitive to short term moves have turned to full sell signals but we anticipate they’ll turn soon as the rally resumes.  The NYMO is the most foward looking of the accompanying indicators and typically follows closely to the STORMM signals.  The NYMO indicators are now moving into buy territory after signalling a sell early at the beginning of Sept.

SP500 Stratasearch: We’re introduced a new chart and technical indicator set for SPXL developed using the outstanding software from Stratasearch. The accompanying chart at the top of page 2 in our Stockchart public series contains the last 6 months of signals for the SPXL using some of these indicator sets. The best of the set of indicators we’re displaying have the following performance backtest results from 2007: APR: 52.17%, Ave Trade: 11.79%, Ave Win%: 47.74%, Ave Loss%:8.19, Pct Profitable trades: 35.71%, Num trades:42, wins:15 loss 27. Stops at 3,4, and 8%. Some of the other indicator combinations produce a more profitable number of trades but at the expense of yearly performance. Stop loss levels are key to avoid significant drawdowns. We are currently exploring a combination of tactical asset allocation (momentum strategy) across a set of 10 asset classes with optimized Stratasearch signals to determine performance characteristics. Results will be presented in the future. As with all our indicators, the signals are for instructional purposes and not presented as advise to buy or sell a security.

SPXL:  The SPXL indicator has been changed to a slightly longer indicator series that now has a new sell signal generated on Oct 2.  A second sell signal has developed on the 23rd.  From early July to early Oct the buy/sell signals generated a 14.11% gain bringing the 2017 total move to +29.79%.

Europe: No change:  The STORMM buy signal continues and both the TMS and Renko charts support this call.

Similar to the SP500 the STOX50 has generated an overbought sell signal forecasting a minor retracement followed by a renewed climb from the last valid buy signal from late April.

SP500:Long term technicals: The set of charts are a collection of classical indicators that are valuable on a long-term to mid-term time spans and have been key in calling key tops and bottoms over the last 15 years.

Weekly SP500 (EOW 10/15/17): Buy: All the weekly indicators are on a buy signal for the weekly SP500.

Monthly SP500 (EOM- 9/17): Buy All the monthly indicators are on a buy signal.

US 10 yr Treasury bond yield:  The US 10 year bond yield took a sharp reversal and now has two increasing yield STORMM signals from Sept 9th and Oct 16th.  The accompanying indicators also resolved their divergence to a rising yield forecast.

TNX weekly (10/15/17) Rising yields:   A weakening trend with some of the indicators crossing into declining yield territory

TNX monthly (9/17) Rising yields:  Similar to the weekly chart – at the recent inflection point with a partial set of indicators signalling declining yields

USD:  Similar to bond yields and in response to rising yields the USD has reversed into a rally off the STORMM buy signal from Sept 11.  The divergence in signals resolved in the direction we didn’t expect but we now have all the accompanying indicators  supporting a climbing USD.  With bond yields and the USD climbing the direction of oil and commodities could come under pressure if the trend continues.

Oil (and commodities): Both oil and commodities generated  a second STORMM buy signal that will be moving into challenging waters as bond yields and the USD climb.

VIX:  The VIX generated a new buy signal on its BB chart on Oct 21 in a very brief touch of the line.  The VIX has now spiked through all three sell lines on the BB chart and we expect this rally if it’s not over yet will reach a peak very soon as equities resume their rally once more.

Pring business cycle: No change: As we’ve seen several times since 2009 the FED’s economic management has perturbed a normal business cycle progression and with both bonds and stocks above their 250dMA we’re reversing back to Pring business cycle 2 from cycle stage 4.  So we’ll be watching bond yields closely going forward for both economic expansion vs recession as well as USD/commodities moves.

Given the recent dual hurricanes is a growing possibility that US GDP will decline and maybe go negative in the next two quarters and the Pring business cycle could backup up to stage 1 which is a late recession alignment where only US bonds are above their 250dMA. 

Pring deflation: inflation: No change:  This indicator is failing its test of the 250dMA line and as bond yields and USD rally the deflation pressure builds – increasing the pressue on the Dec FED rate increase.

Bitcoin:  We’ve applied our STORMM indicators to Bitcoin and from the chart below they appear to align with significant highs and lows (see chart below).   We’re adding this market to our weekly blog and the charts for Bitcoin can be accessed at our Stockcharts public page.

Currently Bitcoin has a STORMM buy signal from early September (9.16) and the indicators are in very overbought territory signalling a minor retracement to be followed by moves to new highs.  The Oct 16 minor retracement signal remains in place.