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




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Tuesday, October 25, 2011

Watching Japan's Nikkei...

After putting in an outside bearish engulfing candle which closed on higher volume below the falling 50 sma (red) today on the Daily chart of Japan's Nikkei e-mini futures index, NKD, price has already fallen below today's low in overnight trading as I write this...it failed to rally to the extent that the U.S. Major Indices has recently. This is another index that I've written about in past posts, and which I'll be watching in the days/weeks ahead as a possible gauge of equity strength/weakness, since it used to trade almost identically to those indices.