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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.




* 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

Monday, November 14, 2011

Financials cradled at support so far today...

The Financials sector, XLF, and banking stocks (GS, JPM, C, BAC & MS) are currently being propped up so far today at near-term support as shown on the Daily chartgrid below.

They are currently below today's opening price, but have been holding their own, so far, as shown on the 1-day 1-minute comparison chart below.

The YM, ES, NQ & TF are high-basing near Friday's highs as shown on the Daily chartgrid below.

European Industrial Production was down as reported in the monthly figures today...as can be seen on the chart below, it fell below its lowest level in 2010 down to 2009 levels.

The EUR/USD is much weaker than the Major Indices today, as shown on the Daily chart below...something I'll watch for is whether the U.S. equities markets are de-coupling from the Euro or not over the next days.

The Commodities ETF, DBC, is trading near Friday's lows, similarly to the Financials, as shown on the Daily chart below...will look for further clues of either firming at these support levels, or a weakening over the next days.