This weeks’ chart offers an extremely rare picture that we have hardly seen before. ONE SIGNAL delivered false signals most of the time. This corresponds to the prevailing confusion about the further development of the markets. The uncertain messages from politicians about the announced, but not yet fully implemented, relief for businesses have stirred up fear among the general population. On the other hand, the flooding of the economy with cheap money is driving small investors, who are suffering real losses on their savings, to the stock markets. The only winner of the week is the S&P500 with a meagre 0.39%. The loser list leads ONE SIGNAL with -4.73%.