The Weighted average Total Effective Volume on more than 1000 shares has however been flat.
The NQ8 sMoney Flow is still positive, while the small caps MF is negative
The more puzzling are the Euro and Yen EV divergent patterns.
US/European and US/Japanese rates differentials should mean more money in the US$, but it is clearly not the case here. I have no explanation why the US$ is weakening. Maybe some end of Year readjustment? Some Chinese CB adjustments?
Conclusions:
For now, my only position is a BEAT long. Let's see what type of trading environment January will offer. In the meantime, we will take it easy. The next comment will be on Wednesday, before markets open.
