The hourly chart indicators near term have cycled back down and the green line above with price is pointed up again.
Daily chart everything is overbought. The blue money line has turn over and is cycling lower but I can see this topping again. The next chart shows the dollar plunging on Friday's trade. If this continues we will see higher stock, oil and metals prices. At some point if the dollar continues to sink it will increase interest rates ... and as the face value of the bonds will decline and so will stocks. For the time it looks as if stocks are going to keep some strength under them with a weak dollar. Friday show a inflow of $2.2 billion into the broader market and a 68% up volume day for the NYSE ... the NYSE did have a pretty strong volume traded ... first in a while.
A daily chart of the dollar. If this continues down ... equities for the near term will maintain their strength.
The hourly chart indicators near term have cycled back down and the green line above with price is pointed up again. 
Daily chart everything is overbought. The blue money line has turn over and is cycling lower but I can see this topping again. The next chart shows the dollar plunging on Friday's trade. If this continues we will see higher stock, oil and metals prices. At some point if the dollar continues to sink it will increase interest rates ... and as the face value of the bonds will decline and so will stocks. For the time it looks as if stocks are going to keep some strength under them with a weak dollar. Friday show a inflow of $2.2 billion into the broader market and a 68% up volume day for the NYSE ... the NYSE did have a pretty strong volume traded ... first in a while.
A daily chart of the dollar. If this continues down ... equities for the near term will maintain their strength.
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