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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
please read my full Disclaimer at this link.


...If the dots don't connect, gather more dots until they do...


U.S. Government Shutdown Now In Effect


* Wed. Jan. 31 @ 2:00 pm ET ~ FOMC Announcement
* Fri. Feb. 2 @ 8:30 am ET ~ Employment Data
* Mon. Feb. 19 ~ U.S. markets closed for Presidents Day Holiday
* Wed. Feb. 21 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Wed. Mar. 7 @ 2:00 pm ET ~ Beige Book Report
* Tues. March 20 ~ 2-day FOMC Meeting Begins
* Wed. March 21 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
*** Click here for link to Economic Calendars for all upcoming events

Wednesday, July 27, 2011

A Noteworthy Event...

A noteworthy event in support of a potential bearish equity scenario that I have my eye on is the possible cross of the 100sma below the 200sma (and holding below) on the Daily chart of the Financial sector ETF, XLF.

As I write this during market hours today, price is currently below 15.00...a level that is fairly important for XLF to hold if it is going to participate in any rally...however, as can be seen from the 4-hour chart below, it is firmly entrenched in a downtrending regression channel that began in February of this year:

It will be interesting to see the Financial market's reaction to the Beige Book report that is due out at 2:00p.m. today, as well as their reaction to  any firm deal reached in Washington on the debt ceiling issue.