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.

Oil

Oil
CHART OF THE WEEK = WTIC Crude Oil

Events

UPCOMING ECONOMIC EVENTS...
* Fri. Sept. 4 @ 8:30 am ET ~ Employment Data
* Fri. Sept. 4 & Sat. Sept. 5 ~ G20 Meetings (Finance Ministers & Central Bankers)
* Mon. Sept. 7 ~ U.S. Holiday: Labour Day (markets closed)
* Wed. Sept. 16 ~ 2-day FOMC meeting begins +...
* Thurs. Sept. 17 @ 2:00 pm ET ~ FOMC Statement + Fed Funds Rate + Economic Projections + @ 2:30 pm ET ~ Chair Press Conference
*** Click here for link to Economic Calendars for additional data

Thursday, February 14, 2013

Euro-Drag

The Euro is down today (after weaker-than-anticipated European, German, French and Italian GDP data was released pre-market) and is producing a drag on European Financials, as shown on the two ratio charts below. The EUFN:SPX ratio shows that the European Financials are weakening...price is below the 50 sma today and still below the longer-term uptrend. The Euro:SPX ratio is sitting just below major support. Ones to watch to see if the Euro weakness persists and whether it produces a drag on U.S. equities.



Meanwhile, the Bull/Bear standoff continues as we await a breakout/down, as shown on the 60 min (market hours only) charts below of the 4 major E-mini Futures Indices.

Perhaps we'll see more definitive movement after Monday's holiday.