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.

Dots

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

OPEN

OPEN
U.S. Government Shutdown Ends...Temporarily

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* 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



Thursday, December 08, 2011

Update on YM...

Further to my notation made in last night's post regarding the YM 15 minute chart, I would mention that the 50 sma (red) has now crossed below the 200 sma (pink) in a bearish Death Cross formation on this timeframe as shown on the chartgrid below...this formation is now in effect for the YM, ES, NQ & TF...whether this weakness persists, or whether dip buyers will come in here to attempt to fill today's gap down remains to be seen...they are all trading below their respective 50% Fibonacci retracement level in this current trading range.


The 1-Day 1-minute percentage comparison chart below shows that today's initial bounce at the market open was led by the Nasdaq 100, with the Financials ETF, XLF, the weakest...the Euro has remained fairly flat from the open...the Commodities ETF, DBC, has basically traded in tandem with the S&P 500.


I'm watching my 4-Hour VIX chart below...a break and hold above 30.50 could send the S&P 500 plunging.