SPDR S&P 500 (SPY)

[learningboutinv]

Foot, interesting chart about the Yen/$SPX relationship.

"If you look at the above chart you will see how perfect this inverse relationship was over the past year. If you take a close look at what's been happening since June 1st, you will notice that the Yen is trending lower but so are stocks! The stock market should be moving higher as the yen moves lower but that's simply not happening.

In my opinion, if stocks can't rally with a falling yen, I take that as a bearish signal for the market. What's going to happen when the Yen rallies? Will stocks collapse? I think we might actually see that."



http://kevinsmarketblog.blogspot.com/#cooliris