Welcome and thank you for visiting!

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...




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Tuesday, August 16, 2011

"They're" hoping a crisis will never occur...

Who?...world leaders...

But, it looks like traders are getting nervous in spite of that "hope." Each candle on the 4 charts below of the Dow 30, S&P 500, Nasdaq Comp, and Russell 2000 represents one year...the action on the current candle, so far, clearly represents the indecision that has been present in these indices all year...at the moment, the indecision is leaning more bearish. The Russell 2000 has had the deepest pullback from the 2009 low to this year's high, with the S&P 500 second, the Dow third, and the Nasdaq last.

To help me navigate through the wild and volatile intraday swings, I'll continue to watch the instruments that I mentioned in yesterday's post and look for market cohesiveness before entering a trade in either direction.