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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...

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Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Mon. Dec. 25 ~ U.S. Markets closed for Christmas Day holiday
* Mon. Jan. 1 ~ U.S. Markets closed for New Year's Day holiday
* Wed. Jan 3 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Fri. Jan. 5 @ 8:30 am ET ~ Employment Data
* Wed. Jan. 17 @ 2:00 pm ET ~ Beige Book Report
* Wed. Jan. 31 @ 2:00 pm ET ~ FOMC Announcement
* 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 05, 2012

My 2 Cents' Worth on the 11/06/2012 U.S. Election

Unless the new President (either Obama or Romney) gets in with a majority win tomorrow in the House of Representatives and the Senate, and the party's policies going forward become clear, I think the markets:
  • will remain choppy and volatile, with little follow-through on price action and volumes
  • will remain uncertain until the end of the year, in particular re: the Fiscal Cliff issue and the Debt Ceiling issue (the limit is currently $16.394T)
  • will remain reactive to news-related items
  • and would have to rely on the Fed continuing with their easy-money (and, potentially, expanded) policy, assuming no bi-partisanship deals can be struck on major issues
This would be a bad and economically unhealthy situation over the next four years, in my humble opinion. Other world markets will, no doubt, be negatively affected by such an outcome.