John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: ggersh who wrote (18843)

3/19/2017 6:48:25 AM

From: John Pitera

3 Recommendations

Recommended By
ggersh
Hawkmoon
roguedolphin

of 33421

To: GROUND ZERO™ who wrote (90792)	3/19/2017 6:44:22 AM
From: John P	of 90797

HI GZ, this is a triple A+++ group of banking sector charts and you are using a very elegant and multi faceted approach on the charts to demostrate the deterioation in the Banking sector. Your MACD cross over in both the KRE index and XLF index and your circle that highlights that crossover vividly illustates where those 2 index ran out of powerful upward momentum and they have been both trending water sideways since that MACD crossover that you have amplified by putting the circle around the downward cross. What I love the most is your chart. on the USD where above it you are showing the YEN and the Gold price in the grey shade built within the chart. And you illustrate the Feb 2016 to the *summer uptrend in the USD/JPY and the uptrend in Gold* and then the breakdown of the uptrend-line in both the Yen and Gold in early Oct....... *really fantastic.* The Japanese markets, the YEN, the long end of the interest rate market (Long JGB's) have a monumental impact on so many other global markets. speaking of your XLF chart..... your annotation of all of the components and ESPECIALLY the weighting of each stock that comprised the index is invaluable.... I did not realize that BRKS has a higher weighting than JPM...... it really should not have but that is a conversation for another time. the banking group is not strong..... you can not post the interest rates for the various parts of the yield curve for a single day and thing that you are commenting on the change of the shape or slope of the yield curve... I may try to educate QO on that .... John

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this is GZ post from his tread...... a A+++ post

To: John P who wrote (90786)	3/18/2017 11:56:39 AM
From: GROUND ZERO™	1 Recommendation Read Replies (1) of 90797

Even if all true and accurate, the banking group chart pattern is not positive for now... There could be a universe of difference between what should be and what is... also, the U.S. Dollar is apparently not doing well, looks like it's breaking down... GZ

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