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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

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.


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




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Thursday, March 21, 2013

Tech Flu

One has to wonder why Technology is lagging so badly this year, as shown on the Weekly line chart below of the YM, ES, NQ & TF. It was clearly the outperformer last year as it led markets higher.

Perhaps consumers have had their fill of a regurgitation of the 'same-old stuff in a slightly different package' and the economy is already saturated with tech gadgets.

In any event, it's an important part of the economy that is clearly under performing. This may be a warning that, apart from the improving housing sector, all is not well this year.

***NOTE: Inasmuch as there seems to be problem with Blogger today when you click on my charts to enlarge them, here is a link to view this chart properly: http://screencast.com/t/bTPIBvIlp