Weekly Chart Review

The economy may be in for a double dip, but you wouldn't know it from the Baltic Dry Index.

The economy may be in for a double dip, but you wouldn't know it from the Baltic Dry Index.

US stocks are trying to stabilize but the rally failed at the 200 day MA last week.

US stocks are trying to stabilize but the rally failed at the 200 day MA last week.

Commodities rallied some last week but the trend is down and there is a lot of technical damage to repair to get to an uptrend.

Commodities rallied some last week but the trend is down and there is a lot of technical damage to repair to get to an uptrend.

The US dollar index appears to be making a short term top.

The US dollar index appears to be making a short term top.

The yen rallied during the stock correction as the carry trade was unwound, but it looks like it is in a longer term downtrend to me.

The yen rallied during the stock correction as the carry trade was unwound, but it looks like it is in a longer term downtrend to me.

Gold stocks are still in an uptrend and I expect the rally to continue.

Gold stocks are still in an uptrend and I expect the rally to continue.

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