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The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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Holy Bear's Praying Hard

U.S Treasuries are confirming the "runaway" gap i mentioned here: (http://tinyurl.com/bs3rytk) & (http://tinyurl.com/dxtruqq)

TLT (Weekly)

  1. The bullish runaway gap pattern is confirmed with weekly prices closed firmly above 10, 20 & 50D-EMA + a positive MACD crossing
  2. Again, the chart pattern of (EMAs set-up) looks eerily similar to that in April 2011
  3. Conclusion - Expect quite a significant rally to follow-through in the treasuries with a reverse action in equities

TLT Chart

The Small Caps.' leadership in the run-up for the past 4 months is looking that much closer in confirming the opposite.


IWM (Daily)

  1. 10D-EMA just crossed below 20D-EMA for the first time since Oct 2012!
  2. The previous two times i.e. Oct 2012 & May 2012 saw about -8.5% and -9% in the weeks following the cross
  3. Conclusion - This bearishness condition is re-affirmed with a broken 50D-EMA

IWM Daily Chart


IWM (Weekly)

  1. The previous 5 times (due to the constraint of this chart) when prices put in a red weekly bar below its 10W-EMA + weekly MACD negative crossing, corrections continued swiftly without failed
  2. We now have a "warning" signal where 10W-EMA just managed to closed on its 10W-EMA despite an intra-week breakdown
  3. Conclusion - Weekly closing below 10W-EMA + MACD negative crossing should confirm the break-down very soon

IWM Weekly Chart

 

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