The bullish divergence in internal trend energy suggests new nominal highs in stocks in the near future.
NYSE Internals:
New nominal highs in stocks, however, illustrate neither a bull market nor economic recovery. The real (constant currency) turns illusion into reality. The real trend reveals the role of liquidity (currency devaluation) in fostering the perception of a bullish outcome.
U.S. Large Cap Stocks Capital Appreciation Index (LCSCAI); S&P 500 to Gold Ratio and Z Scores from Primary Trend
