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Tuesday, April 26, 2011

This Week in Charts

Day late, dollar short......

Pretty much the only thing to watch is the US Dollar valuation and US long term interest rates. These two items are credited for the primary reason for stock valuations. Why? Because US corporations are international, and when money returns from other countries, since the USD is lower, it "appears" to be companies getting higher revenue on flat (or lower) sales.

This game works until natural resource costs start squeezing profits....and that is where we are today. I think its a "safe" bet to go fully long the market until USD breaks the 2008 and makes all time lows.
Previous post, USD breaking 2009 low.

Until the pattern below breaks, its natural resources up, up, up, and silver is going exponential.

To the charts!
From WebSufinMurfs FinancialBlog2

From WebSufinMurfs FinancialBlog2

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