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.


...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

Saturday, December 10, 2011

"Mr. VIX"...on the edge...

Below is a Daily Year-to-date chart of the VIX. It has closed below December's TPO Profile POC (red horizontal line)...it is sitting on a 38.2% Fibonacci fan line and its lower Bollinger Band, and is just above its 200 sma (dashed pink), as well as price support of 25.00. A break and hold below 25.00 could be all the ammunition that the bulls need to send the S&P 500 up above near-term resistance...otherwise, we may see more range trading, or even a sizable pullback in the S&P.