1:00 p.m. snapshot. Don't trust this "rally", strictly reflexive based on news out of D.C. -- news that could change in five minutes. Looking at SPY 1-min chart: 15, 30 & 60 min money flow not showing conviction, just up & down. Reflecting typical trading pattern, just money sloshing back & forth as computer algorithms fight over a fractions of a penny.
SPECIAL NOTE TO SHARPIE: Have you taken into account the historical low in sunspot activity?
Yes, search Barron's / sunspots . . . When it comes to timing stock-market reversals, there is generally no stone investors will leave unturned. And, given all the celestial activity that has been occurring lately (think of the meteoric explosion over Russia) it can't hurt to take a look at one of the quirkier market timing correlations—sunspot activity.
The attention of those who question the validity of the model should be directed to a recent note in Universal Economics, a regular missive published by money manager Paul Macrae Montgomery. According to Montgomery, there is "a huge volume of research which confirms that solar activity, as measured by sunspot frequency, is significantly correlated with various forms of human activity," he told Barron's. Among them: marriage rates, women's fashions, and, yes, market prices of common stocks.
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