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.

*** N.B. to my readers: Although I stopped trading in July 2013, I still take a peek at the markets now and then and post the occasional article here on my Blog.
NEW SERVICE: I'm pleased to announce the launch of my new service as a Certified Professional Life Coach...please check out this page for details and updates.

TGIF

TGIF

EVENTS

UPCOMING ECONOMIC EVENTS
* Thurs. Nov. 27th - U.S. markets closed for Thanksgiving
* Fri. Nov. 28th - NYSE closes @ 1:00 pm ET
* Wed. Dec. 17th @ 2:00pm - FOMC Interest Rate Announcement + FOMC Economic Forecasts...2:30 pm - Chair Press Conference

Thursday, 14 February 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.