WELCOME

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.

The Great Escape

The Great Escape

Events

UPCOMING ECONOMIC EVENTS...
* Tues. Apr. 26 ~ 2-day FOMC Meeting Begins
* Wed. Apr. 27 @ 2:00 pm ET ~ FOMC Announcement
* Fri. May 6 @ 8:30 am ET ~ Employment Data
* Wed. May 18 @ 2:00 pm ET ~ FOMC Minutes
* Wed. June 1 @ 2:00 pm ET ~ Beige Book Report
* Tues. June 14 ~ 2-day FOMC Meeting Begins
* Wed. June 15 @ 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, November 16, 2011

MS is the weak bank in the Financials sector so far today...

MS is leading this morning's decline in the Financials sector so far this morning, as shown on the 1-day 1-minute percentage comparison chart below.


An important price level to watch is 15.00, as shown on the 4-hour chart below, as it flirts with near-term support around 15.50...roughly the  neckline of a downward-sloping H&S neckline.