PrometheusCHT

PrometheusCHT

Dispersion is at extreme levels whilst equity vol is still rather low. A correlation trade into the inauguration will likely perform across all potential economic outcomes.

PrometheusCHT

At extreme levels, however, the data doesn't look correct... I'm certain it is the most extreme since 2005!

PrometheusCHT

This looks particularly bearish for EM, unless the dollar tops this month!

PrometheusCHT

A divergence to watch as we attempt to see whether the January effect causes a top or bottom in the dollar.

PrometheusCHT

More in intermarket 101.

PrometheusCHT

There's a decent correlation between EM currencies and the Euro. Whilst EM equities take a cue from their currencies. Hence, this chart might appear unrelated at first, but the EEM/SPY ratio might yield clues on the euro...

PrometheusCHT

Quite an interesting relationship!

PrometheusCHT

The same again on separate axes!

PrometheusCHT

Today in unusual inter-market relationships we have Copper/Gold vs the US10Y. I need to think about this more to grasp its claims upon reason, if indeed there are any!

PrometheusCHT

Worth keeping an eye on where CNH is ringing the bell on the dollar rally.

PrometheusCHT

Just putting this here for future reference!

PrometheusCHT

Pennants are often considered continuation patterns, a break-out of which often yields a major advance. Coiling is a common feature in market patterns as changes in buying and selling intensity yield to the outcomes of excess demands or supply. Given patterns such as pennants are considered to have some predictive function, there is a reflexive propensity for them...

PrometheusCHT

Would love to learn how to make this Green for + and Red for -... If anybody knows please advise!

PrometheusCHT

The risk of a rapid correction is significantly greater with positioning at such extremes!

PrometheusCHT

Anyone who follows knows I'm already short the Copper, but dang that chart looks logical with the confluence of technical reasons. RSI + 200ma resistance = false break.

PrometheusCHT

Similar fundamental reasons underlie my bearish bias on the Kiwi. The bidirectional monetary policy impacting rate differentials being the most meaningful. Further, technically, one would expect some material levels within the next handle, as evidenced by my red support line which roughly marks out the neckline of a head and shoulders top. Finally, with the MACD...

PrometheusCHT

As the Aussie MACD turns bearish, one must consider maintaining a short bias from here. The diverging monetary policy direction (with the Fed) put the RBA in a bit of a bind, hike rates and you destabilise the already shaky property bubble, don't hike and the currency should continue to sell off as the relative value, implied by the interest rate differential...

PrometheusCHT

A logical place for support, though, I'm expecting to see it break.