CLICK ON CHART TO ENLARGE The Japanese Yen (left chart above) created a multi-year flag pennant pattern, reflected by a series of higher lows and lower highs. Once traders broke the bottom of the pennant, sellers rushed in, creating one of the largest currency declines we have witnessed in years. Over the past few years [...]
CLICK ON CHART TO ENLARGE From a portfolio construction standpoint, when the yield on the 10-year note and Australian Dollar decline in price, history has suggested to underweight allocations towards risk assets. Check out the price situation for both of these right now at (1) in the above chart. Why is this support point so [...]
CLICK ON CHART TO ENLARGE Many use the Australian $ as a tool to determine if they should over/under weight risk assets, since the AU$ has a decent track record of suggesting future movements in the S&P 500. The above chart reflects that SPY has taken a few pauses in its bull market when the [...]
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