For the week ended March 20, there were 22 charts with multiple buy signals as of the last two trading days. There were 200 multiple sells. The prior week there were 3 buys and 482 sells. But the Fed changed the game last week, and by yesterday, on a standalone daily basis there were 44 buys and 35 sells. As I wrote in the Liquidity Trader analysis over the weekend, given the uncertainties around just what current monetary policy even is, let alone what the effects will be, I want to stand aside and watch for a week. At least.
Table and charts below (subscriber version). Non-subscribers click here for access.
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