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
* 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.
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* 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...
At the moment, YM, ES, NQ & TF are all sitting above tomorrow's Daily PP (dotted pink line), as well as their 21ema's (broken white) & 50sma's (red) on the 60 min charts...I'll be watching intraday action tomorrow relative to these levels:
Any longer term bullish bias on my part would have to be confirmed, firstly, by all 4 e-minis breaking and holding above the above noted pivot resistance levels and, secondly, a gap-fill and a sustained close and move upward above 10,000 on NKD (pre-earthquake level). The longer that the NKD stays within its current sideways basing zone, the more I wonder about the overall health of Japan's economy, as well as the "real" state of the nuclear reactors...(this is my natural skepticism coming into play here and my take on how I view Japan at the moment...other more influential traders could, of course, discount/ignore this until and if a worse disaster occurs there). I've also still got the 80.00 level up on my radar on USD/JPY to see if price holds above it or not (the seemingly-agreed-upon level by the US and Japan)...price is currently below the apex of a broadening triangle on the Daily chart: