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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.

Dots

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

Crocuses

Crocuses

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* 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
* Fri. Mar. 9 @ 8:30 am ET ~ Employment Data
* Tues. Mar. 13 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. March 21 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
* Wed. May 2 @ 2:00 pm ET ~ FOMC Announcement
*** Click here for link to Economic Calendars for all upcoming events

Monday, April 30, 2012

Soft Data for Canada and U.S.A.

Data released on Monday was soft for Canada and the U.S.A., most notably a decline in Canada's GDP, a rise in the U.S. Core PCE Index (which excludes food and energy...and Mr. Bernanke's been blaming the cost of gas for a rise in inflation...hmmmm), and a decline in U.S. consumer spending, as shown on the graphs below.








As I'm writing this during market hours, we'll see where the SPX closes relative to this uptrend line today, and ahead of total vehicle sales on May 1, multi-employment data on May 2, 3 and 4, and the Greek and French elections on May 6.