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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...
please read my full Disclaimer at this link.


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


U.S. Government Shutdown Now In Effect


* Wed. Jan. 31 @ 2:00 pm ET ~ FOMC Announcement
* Fri. Feb. 2 @ 8:30 am ET ~ Employment Data
* Mon. Feb. 19 ~ U.S. markets closed for Presidents Day Holiday
* Wed. Feb. 21 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Wed. Mar. 7 @ 2:00 pm ET ~ Beige Book Report
* Tues. March 20 ~ 2-day FOMC Meeting Begins
* Wed. March 21 @ 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

Monday, November 07, 2011

Will the Nasdaq 100 match what people are planning to buy for Xmas?

According to www.Infographiclist.com, 38% of people have already started their holiday shopping:

If 75% are planning to buy electronics, and with 49% planning to spending the same as they did in 2010, we'll see whether the NQ continues to outpace the YM, ES & TF in terms of overall strength until Xmas.

At the moment, all 4 are being held back by their 50 sma (red) on the 4-hour chart, but are still trading above their 200 sma (pink)...price may bounce around in between those moving averages as long as there are more unsettling rumours coming out of Europe (perhaps until we get closer to Black Friday). The TF is leading today's weakness along with a small pullback in EUR/USD.