Welcome and thank you for visiting!

The charts and comments in my Blog (posted in Eastern Time) represent my technical analysis and observations of a variety of markets...
*World Indices *U.S. Indices *Futures *U.S. Equities & Sectors *ETFs *Commodities *Forex
...an expanded version of the "Observations" section in my private Daily Trading Journal.

*** N.B. to my readers: Although I stopped trading in July 2013, I still take a peek at the markets now and then and post the occasional article here on my Blog.
NEW SERVICE: I'm pleased to announce the launch of my new service as a Certified Professional Life Coach...please check out this page for details and updates.

Money Rose

Money Rose
Roses or thorns from the FOMC?...stay tuned 'till Wednesday...

EVENTS

Earnings Calendar: Courtesy of Yahoo! Finance
Fed's POMO Schedule: at this link
Wed. Sept. 17: 2:00pm FOMC Rate Announcement & Forecasts...2:30pm FOMC Chair Press Conference
Fri. Sept. 19: Quadruple Options Witching

Tuesday, 17 May 2011

A Brief Comment Tonight on the TF...

The April-June 2nd Quarter Pivot Point for the TF is 817.50...this level was tested repeatedly overnight and today. This level may prove to be pivotal in either a reversal or a continuation of recent weakness. This level held when tested several times in mid-April...today's low pierced below the lowest low that was set during that time period and has now created a lower low on the Daily timeframe...however, today's candle closed at 821.30 (and above the 2nd Quarter PP). It will be interesting to see whether the TF can hold above this PP and then make it back above the Daily 50sma (currently at 828.20). I'll be watching price relative to volumes and momentum on an intraday basis in relation to these two levels as well as to today's close.