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 $$$...

Beach

Beach

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* 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
* Fri. July 6 @ 8:30 am ET ~ Employment Data
* Thurs. July 12 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. July 18 @ 2:00 pm ET ~ Beige Book Report
* Wed. Aug. 1 @ 2:00 pm ET ~ FOMC Announcement
* Mon. Sept. 3 ~ U.S. markets closed for Labour Day Holiday
* Wed. Sept. 26 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
*** Click here for link to Economic Calendars for all upcoming events

IMPORTANT BLOG POST UPDATES...
* Trade Wars have escalated and now include diplomatic wars PLUS President Trump is cannibalizing prior U.S. market gains
with his tariff tantrums against its world trading partners, while destabilizing a delicate world market balance

Thursday, July 14, 2011

On a different note...

At the risk of repeating myself ad nauseam with respect to what the 4 e-mini futures are doing or where they are within their 2011 large sideways trading range, I'll just mention a couple of things.

First, the large, unwieldy intraday swings of late are beginning to feel like they did before and during the drop in 2008.

Second, I'm posting the following three charts (courtesy of  Barchart.com).





As can be seen, the percentage of stocks trading above their respective 20, 50 and 200-Day moving averages is hovering around 50% or a little above. The 50 and 200-Day moving averages are trending down on the second and third charts, giving a bearish tilt to things. All three charts are a reflection of the range-bound markets in general, and my only comment would be that I'd like to see the percentages either:
  1. turn higher and remain above 70% on the second and third charts, in particular, in support of any market breakout of the Daily trading range that may occur at some point to the upside, or
  2. turn lower and remain below 40% on the second chart and below 50% on the third chart in support of any breakdown below the Daily trading range.