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

* 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.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* 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...please read my full Disclaimer at this link.


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

Art Deco Xmas Lady

Art Deco Xmas Lady



* Wed. Dec. 13 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
* Wed. Jan. 3 @ 2:00 pm ET - FOMC Meeting Minutes
* Fri. Jan. 5 @ 8:30 am ET - Employment Data
* Wed. Jan. 17 @ 2:00 pm ET - Beige Book Report
* Wed. Jan. 31 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference

*** CLICK HERE for link to Economic Calendars for all upcoming events.

Friday, May 13, 2011

"Sliced & Diced"..."Squeezing & Juicing" next?...

NB:  Because Blogger was down last night and this morning before the market open I couldn't post this, but I did write it last night...here it is now, FWIW.

I would refer to the 60 min chart grid below of YM, ES, NQ & TF. If any more retracing occurs in between the horizontal levels shown on these charts, these markets will be so "juiced" that they're liable to either spill out and run in all directions all at once, or just lie there in a dribbling, messy heap!

That being said, I'll be looking for one of the following scenarios to play out over the next while:

  1. a concerted move (with conviction) for a breakout in one direction or the other to clear and move away from the outer-most levels and continue in that direction
  2. a slow-moving, dribbling, messy contraction to form in between these outer levels
  3. a slow/fast-moving, dribbling, messy expansion to form in between these outer levels, while sometimes piercing through them

For a clearer picture of whether the bulls and bears are "kept in the blender and on what speed and setting," I'll have to drill down to lower timeframes and try and make sense of things as they play out on a daytrading basis...and hope that the juice doesn't run dry in the meantime (e.g. volumes and volatility drying up).