While the S&P had a great week, it remained below its 100 day moving average, within a short term downtrend and an intermediate term uptrend. However, it surged above its September high (green line) and is approaching its 100 day moving average---increasing the odds of a challenge on its all-time high.
The long Treasury is developing a pennant formation (orange lines). While that plays out, it remains above its 100 day moving average and within very short term, short term and intermediate term trading ranges.
GLD remains over its 100 day moving average (now support). On Friday, it re-set its short term trend to up but was down enough to negate the break of the upper boundary of its intermediate term downtrend.
The dollar continues to lose strength. It is in a very short term downtrend, below its 100 day moving average and is closing in on a challenge of the lower boundary of its short term trading range.
The VIX (15) continued its plunge. It is now back below its 100 day moving average (now resistance), in a short term downtrend and an intermediate term trading range.
This Week’s Data
Japan syndrome comes to China (medium):
Japan sells bonds at all-time high negative rate (medium):
Global debt market continues to expand (medium):
Oil and bank lending (medium and a must read):
Largest healthcare insurer in Colorado goes belly up (medium):
More on the problems with student debt (medium):
International War Against Radical Islam
ISIS fighters fleeing the scene (medium):