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

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

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Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Mon. May 28 ~ U.S. markets closed for Memorial Day Holiday
* Wed. May 30 @ 2:00 pm ET ~ Beige Book Report
* Fri. June 1 @ 8:30 am ET ~ Employment Data
* Tues. June 12 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. June 13 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
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* Wed. July 4 ~ U.S. markets closed for Independence Day Holiday
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* Wed. Aug. 1 @ 2:00 pm ET ~ FOMC Announcement
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*** Click here for link to Economic Calendars for all upcoming events

IMPORTANT BLOG POST UPDATES...
* JCPOA - Will President Trump recertify the JCPOA on May 12?...stay tuned...May 8 the answer is "No"...US pariticipation in the deal
is scrapped...new sanctions coming for Iran and, possibly, for nations supporting Iran.

Thursday, April 21, 2011

Is Mr. Fat Finger getting itchy?...

A breakout one way or the other may not occur from the present Daily trading ranges of YM, ES, NQ & TF until the results of the Fed meeting on April 27 are known (until then, the recent trend is sideways...translation...expect more chop & whipsaw action, imo...I am always cautious of potential "fat finger" days in zones like these which have a lot of large-range candles):



http://www.screencast.com/users/strawberryblonde/folders/Jing/media/ea923d8a-53c1-41c3-9384-a04c14be99bb

USD is not looking healthy at all (below is a Weekly chart with Regression Channel...price closed the week below the channel mean...it could theoretically fall to the lower channel line):





The VIX is down in low levels seen in 1991-1996 and in 2004-2007 as shown on this Monthly chart:



http://www.screencast.com/users/strawberryblonde/folders/Jing/media/e632fc0a-1286-42c7-b555-20dd86592d51

Below is a Weekly chart of the VIX with Regression Channel...if it crosses below the mean and falls to the lower channel line, it would have to go to MINUS-zero by the end of next week in order to reach it! The VIX can't continue downward in this channel at the same pace ad-finitum...translation...the markets need to pull back to achieve a more healthy balance:



http://www.screencast.com/users/strawberryblonde/folders/Jing/media/da9f8b77-71c9-420a-a704-10a352552910