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

...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, June 23, 2011

Xmas Rally?...or Xmas Deepfreeze?...

There are 4 more FOMC meetings before Xmas...the fourth is on December 13. The Fed should have a good idea of how things are going from information contained in the Beige Book (which is made public on November 30) in order to guesstimate how the fourth quarter will end for 2011. Perhaps we'll get a signal from the Fed as to what their next move will be with respect to economic conditions and their remedies for any malaise that may be around at that time.

It would seem from Mr. Bernanke's talk this week that he is focused on long term economic conditions, and this says to me that he is willing to throw more money at the markets in the shorter term at some point...this and his unwillingness to begin to reduce the deficit at this time. The crucial question is, when will he begin to reduce the deficit, instead of wildly throwing more money at the wall (street) and hoping it will stick? Especially if he still doesn't know why his "recovery" isn't happening at that time. That would be akin to a Surgeon performing brain surgery to try and fix a sore foot without knowing the cause.

And, please, Mr. Bernanke, produce only credible causes if you have anything to report at that time.

"The recession has hit everybody...I got a pre-declined credit card in the mail."
Author--Anonymous