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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (18991)	4/10/2017 8:33:06 AM
From: robert b furman	Read Replies (1) \| Respond to of 33421

Hi John, Your eur/jpy looks to me to be about to explode up. If you count that minor dip after it topped there is a clear 5 wave down and we are in an extended down 5th wave (most clearly seen by the eur/jpy rsi. Then look how far price of the eur/jpy is below the lower BB. Simply sideways for a day or two will be a safe entry to catch the very bottom. If I read your eur/jpy as a risk on / riskoff indicator - it is clearly time to buy equities ( as in risk on is on). EURO should explode up if French do not vote LePen in - don't you think? Be interesting to put AROON on your EUR/JPY Bob

To: John Pitera who wrote (18991)	4/10/2017 4:33:21 PM
From: John Pitera	2 Recommendations Recommended By Hawkmoon roguedolphin Respond to of 33421

it makes sense to me Auto loan credit is tightening and Auto Loan growth is declining from 9% to 4 and change over the past year.......... record inventory of cars....... 8 years into a long economic expansion...... with The FED raising interest rates.... things look the darkest before the dawn and the converse of that is true too. 2. US loan growth continues to decelerate. • Auto *loan growth has slowed further.* By the way, the average vehicle loan size continues to rise, potentially indicating better sales in luxury autos. Makes sense that Luxury Auto's are selling with the market performance. Other areas of credit also show softer growth, *resulting in a slowdown in total bank lending.* 3. The federal government isn’t slowing its lending program as the total student loan balances hit $1.4 trillion. 4. Economists continue to *debate the strength of US GDP growth.* • On one hand, the Goldman Current Activity Indicator points to strength in economic activity. Source: Goldman Sachs, @joshdigga US consumer expectations indices have spiked, suggesting an improvement in consumption (the largest component of the GDP). *This divergence certainly does not look sustainable.* Source: Capital Economics • On the other hand, the dollar may be pointing to a correction in economic surprises. Source: TD Securities Moreover, the Atlanta Fed’s GDPNow model Q1 GDP estimate just hit 0.6% – the lowest level we’ve seen for the quarter. Source: Atlanta Fed 5. Finally, we recorded the key markets’ immediate reaction to the US missile strike on Syria last Thursday night. Here is crude oil, the 10yr Treasury yield, the S&P500 futures, and gold.