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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

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

...If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Spring

Spring

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
* Tues. July 3 ~ U.S. markets close early at 1:00 pm ET
* Wed. July 4 ~ U.S. markets closed for Independence Day Holiday
* Thurs. July 5 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Wed. Aug. 1 @ 2:00 pm ET ~ FOMC Announcement
* Mon. Sept. 3 ~ U.S. markets closed for Labour Day Holiday
*** 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, May 05, 2011

Not everyone on board yet...

Today was a short-sellers dream in the world of commodities, forex and many ETF's.

ZF, ZN & ZB closed near their highs today and over their prior swing highs set in January and March of this year, as seen on this Weekly chart grid:


The following Daily chart grid shows possible IH&S patterns on these futures beginning from last December with a close above a neckline break...will see if this neckline area holds as support if price retests this level:


Although YM, ES, NQ & TF closed down again today, today's intraday action saw some rather large swings in both directions...it would seem that not everyone is holding yet on the short side on equities, particularly in NQ...today's close is shown on the 4-hour chart grid below:


Each candle on the next chart grid of YM, ES, NQ, TF, & NKD represents 3 days/candle. The current candle is Day 2 and will finish tomorrow. As can be seen on these charts, the overall uptrend from last July is still intact:


In my view, the "pulse of the patient," as it relates to the markets, is the last closing price of that patient. Tomorrow, I'll be checking the pulse of the e-mini futures relative to today's close, as well as tomorrow's Daily Pivot Point to gauge the directional preference, as well as evaluating momentum and internal volatility patterns (eg, large vs small swings/reversals). I'll include tomorrow's action on NKD, as well as the behaviour of the commodity, forex and bond markets. Their actions will have to convince me that short-selling is still the "order of the day" and in my best interest (and good for my pulse)!