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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

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




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Friday, November 02, 2012

Unemployment Rate Ticks Up...Commodities Weaken

Data released today (Friday) shows that unemployment rose from 7.8% to 7.9%, spoiling a two-month decline, as shown on the graph below.

Equity markets are down a bit (at the time of writing this intraday), as shown on the Daily charts below of the YM, ES, NQ & TF, while most commodities have taken a big hit.

The Daily charts below show this morning's weakness in the Commodities ETF (DBC) and the AUD/USD forex pair. DBC has dropped below near-term support and is in danger of further weakness, and AUD/USD is close to forming a moving average "Death Cross," once again.