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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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* 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 $$$...



* Wed. Oct. 20 @ 2:00 pm ET - Beige Book Report

* Tues. Oct. 26 @ 10:00 am ET - CB Consumer Confidence

* Fri. Oct. 29 @ 8:30 am ET - Core PCE Price Index m/m Data

* Wed. Nov. 3 @ 2:00 pm ET - FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET - Fed Chair Press Conference

* Fri. Nov. 5 @ 8:30 am ET - Employment Data

*  Tues. Nov. 9 @ 8:30 am ET - PPI m/m & Core PPI m/m Data

* Wed. Nov. 10 @ 8:30 am ET - CPI m/m & Core CPI m/m Data

*  Fri. Nov. 12 @ 10:00 am ET - Prelim. UoM Consumer Sentiment

*  Fri. Nov. 12 @ 10:00 am ET - Prelim. UoM Inflation Expectations

* Tues. Nov. 16 @ 8:30 am ET - Retail Sales & Core Retail Sales Data

* Wed. Nov. 24 @ 2:00 pm ET - FOMC Meeting Minutes

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

Thursday, June 30, 2011

Wrap-up for June...Q2...and the 1st Half of 2011

Quite a turnaround for equities in the last week of June to end the second half of the month on a more positive note than the first half...

Here's how YM, ES, NQ & TF closed on their Monthly charts...as can be seen, price ended in between support and resistance levels.

Each candle on the next 4 charts of the Major Indices represents One Yearly-Quarter...you can see how Q2 of 2011 closed today...

Dow 30:

 S&P 500:

Nasdaq Composite:

Russell 2000:

Each candle on the next 4 charts of the Major Indices represents One Year...you can see how the First Half of 2011 closed today...

Dow 30:

S&P 500:

Nasdaq Composite:

Russell 2000:

While not as bullish as the first half of 2009 and 2010, the S&P, Nasdaq and Russell are "nevertheless somewhat or modestly bullish" to put it in "Ben-speak." The Dow is on track with approximately the gains seen in the first half of 2010, technically-speaking. We'll see what July, Q3, and the second half of the year bring...and, of course, summer trading...

BTW, further to my post on Tuesday, June 28, here's how Day 3 ended today on the chartgrid below for YM, ES, NQ & TF...each candle represents 3 days (N.B. Day 1 of the next candle has begun in after-hours trading on YM, ES & NQ). Note that YM has now reached a price level where a potential right shoulder could form on a "loose/upward-sloping" H&S pattern...we'll see whether this holds as resistance or not in the coming days...this should be interesting because ES, NQ & TF have not yet reached this similar level.