Some of my readers will recognize my previous work from the Reversion to the Unified Mean (RUM) Wave blog. I wrote it in relative anonymity for a couple years. That work can now be found here.
ECB meeting / decision tomorrow. Here's something to think about. If we get word of "stimulus" in terms of bond buying that should have a deflating effect on the Euro currency, like it did with the US dollar. This would result in a stronger US dollar. Problem is, a weaker US dollar has been a big part of the market rally for the last few years, so a strong dollar as a result of Euro weakness as a result of bond buying stimulus would probably not really be a good thing.
If we do get a pop from the ECB meeting, I think there may be some rejoicing over their movement toward fixing their problems, but the deflation of the Euro currency will be a longer term negative for the US market.
Today's scores, not much change:
GOOD LUCK TOMORROW!