Saturday, March 26, 2011

Market Snapshot - Market Breadth


This is one hell of a chart! If you like this chart be sure to Tweet it, Share it, and add to Facebook! If I don't get the support I can't waste time posting killer charts unless you pay me! See bottom of post to vote please and be sure to subscribe to this blog for future updates.

In this chart we have our clear out-performer for the week Crude Oil (SEE TOP WINDOW OF CHART). Secondly I liked EUR-USD, 3rd the DJ30, and worst was the US dollar even though it did modestly recover. It was however US Dollar weakness that lead to strong Crude, Gold, Euro, and just about everything else enjoyed the long term US Dollar weakness.

In metals (SEE 2ND WINDOW DOWN) Silver outperformed Gold. Copper outperformed Platinum and the USDX again was the driving force behind it all. Fundamentally the Libya conflict, Political turmoil, A weak economy with high inflation, and the Nuclear Event drove up hard assets like commodities. Despite all that equities managed to soar while commodities prices remained elevated.

For equities... (SEE 3RD WINDOW DOWN) The DJ30 (Dow Jones Index) outperformed the FTSE100. The FTSE100 outperformed the DAX30 and the NIKKEI225 managed to stay in the pack. Over all equities performed very well across the board.

Crude Oil outperformed Brent Crude Oil while the USDX and USDCHF were weak causing an elevated move for OIL markets. Fundamentally the Libyan crisis / war was a bullish factor for Oil.

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