Welcome and thank you for visiting!

The charts and comments in my Blog (posted in Eastern Time) represent my technical analysis and observations of a variety of markets...
*World Indices *U.S. Indices *Futures *U.S. Equities & Sectors *ETFs *Commodities *Forex
...an expanded version of the "Observations" section in my private Daily Trading Journal.
*ZeroHedge article June 10, 2013 ~ "Greek Stocks Enter Bear Market"

*Markets await the German court ruling on the legality of the ECB's OMT program
...we may not have an answer until September
...no bonds have been purchased yet under this program, in spite of the ECB announcing on August 2, 2012
that it would undertake outright transactions in European secondary, sovereign bond markets, as a
financial stability tool...so, only promises without action, to date

*"Taper-itis" ~ Mr. Market's (negative) reaction to Ben's press conference on Wednesday, June 19th following the FOMC meeting.

Saturday, May 26, 2012

Happy Birtyday, Dow 30 ~ May 26, 1896

From Investopedia:
"The Dow Jones Industrial Average (play /ˌdaʊ ˈdʒoʊnz/), also called the Industrial Average, the Dow Jones, the Dow 30, or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. It was founded on May 26, 1896, and is now owned by Dow Jones Indexes, which is majority owned by the CME Group. The average is named after Dow and one of his business associates, statistician Edward Jones. It is an index that shows how 30 large, publicly owned companies based in the United States have traded during a standard trading session in the stock market.[1] It is the second oldest U.S. market index after the Dow Jones Transportation Average, which was also created by Dow."

Please click this link to read more.

This chart shows Yearly candles...major support sits at 11,500, with major resistance at 13250 on this timeframe.


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