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.

Paris

Paris

EVENTS

UPCOMING ECONOMIC EVENTS...
* Fri. May 29 @ 8:30 am ET ~ GDP + last trading day of the month
* Wed. June 3 @ 2:00 pm ET ~ Beige Book
* Tues. June 16 ~ 2-Day FOMC Meeting begins
* Wed. June 17 @ 2:00 pm ET ~ FOMC Meeting Announcement + 2:30 pm ~ Fed Chair Press Conference + FOMC Forecasts

Saturday, November 05, 2011

European Financials ETF...EUFN

Further to my posts since November 3rd, I'm adding the European Financials ETF, EUFN, to my watchlist for clues on the health of Europe's banks...below are a series of charts depicting price action relative to an upward-sloping channel that it's been in since its September lows. Contrary to the YM, ES, NQ & TF, it is trading below its middle Bollinger Band on all timeframes and is just above the botom of its channel after failing to hold above resistance at 17.50...furthermore, a descending triangle could be forming on the Monthly and Options Expiry timeframes, which would signal a bearish continuation...it's not looking too healthy at the moment...will see where it goes from here.