Saturday, October 03, 2009

Just two weeks ago....

Before posting about next week, I 'd like to recap some charts and articles posted before just to get a more comprehensive view and eventually pull some insight out of them now that we can see the outcome.

You might remember some market internals studies we were addressing, particularly this chart about NYHL as a leading indicator during divergences.
Take a look at the updated one below. SPX has lost approx 5% after making only a marginal high since then




Regarding currencies as indicators, we were posting this chart among similar others.

Look at the updated ones below:






Also regarding currencies, the most directly related to SPX was at those moments USD (recently they have been less connected). This was our view on USD 2 weeks ago:

Please, see updated chart below: