The Chart of the Week

We know there won't be just one...

But so far, the night is young and this popped out at me...

Recall today's closing headline:




"Utilities are leading"




Some might prefer this way...



Taking a closer look...we find overlapping 1s and 2s at multiple degrees of trend...




Ok, charts of the week.

One year oil. Notice S&P in gray background. This is when "correlation" to the downside picked up...



Facebook & Friends:



Big Cap Tech w/relative strength



40 hour average volume aka. Blow-off top...



S&P momentum




And Ameritrade. Of course...



But the Ponzi chart that sums up this insanity is this one...

The small bank ETF (w/volume) and cash balances (red) aka. "the big long":