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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.

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

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UPCOMING (MAJOR) ECONOMIC EVENTS...
* Thurs. Aug. 24, Fri. 25 & Sat. 26 ~ Jackson Hole Economic Policy Symposium -- (Fri. @ 10:00 am ET ~ Janet Yellen speaks)
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* Wed. Sept. 6 @ 2:00 pm ET ~ Beige Book Report
* Tues. Sept. 19 ~ 2-day FOMC Meeting Begins
* Wed. Sept. 20 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
* Wed. Oct. 11 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Tues. Oct. 31 ~ 2-day FOMC Meeting Begins
* Wed. Nov. 1 @ 2:00 pm ET ~ FOMC Announcement
* Tues. Dec. 12 ~ 2-day FOMC Meeting Begins
* Wed. Dec. 13 @ 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, December 15, 2014

Capitulation or Continued Weakness Ahead?

Most markets closed deep in the red today (Monday)...including Major World Indices, equities, commodities, and non-U.S. currencies.

We'll see if today's action represents any kind of major capitulation or whether it's a renewed sell-off in all markets...we may gain further insights from market reaction following this Wednesday's FOMC meeting, economic forecasts, and Chair press conference.


Data provided by www.indexq.org

ATRs (average trading range) (shown in white along the bottom of each of these charts below) are spiking on these Foreign ETFs...meaning, we could, either, see reversals sometime soon, or a major plunge if all hell breaks loose in markets, generally.


The following charts are shown without the ATR for clarity of price action and their current levels.