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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.

Dots

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

Summer

Summer

Events

UPCOMING (MAJOR) ECONOMIC EVENTS...
* Mon. July 3 @ 1:00 pm ET ~ U.S. Markets close early for Independence Day holiday
* Tues. July 4 ~ U.S. Markets closed for Independence Day holiday
* Wed. July 5 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Fri. July 7 @ 8:30 am ET ~ Employment Data
* Wed. July 12 @ 2:00 pm ET ~ Beige Book Report
* Tues. July 25 ~ 2-day FOMC Meeting Begins
* Wed. July 26 @ 2:00 pm ET ~ FOMC Announcement
* 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
* 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

Friday, October 28, 2016

Oops!

With 10 days left before U.S. voters cast their ballots for the next President, we've just learned from a variety of news agencies that FBI Director James Comey has reopened their investigation into Hillary Clinton's handling of sensitive government information due to "the existence of emails that appear to be pertinent to the investigation."

Price on the SPX immediately dropped on this revelation. This is reflected in the drop shown on the SPX:VIX ratio chart below (as of 1:50 pm ET today)...price is now below the 200 MA, and the 3 technical indicators are displaying new "SELL" signals.

We'll see whether this new investigation trumps what I mentioned in my last post and becomes the "October surprise" that has been rumoured to surface in the media for months, or whether it's just a short-term distraction designed to trap market bears.

Either way, volatility will remain elevated as long as price on this ratio stays below the 150 level.