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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (90792)	3/19/2017 6:44:22 AM
From: John Pitera	1 Recommendation Recommended By mary-ally-smith Read Replies (1) \| Respond to of 218644

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. 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