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 $$$...





* Fri. April 5 @ 8:30 am ET - Employment Data
* Wed. April 10 @ 2:00 pm ET - FOMC Meeting Minutes
* Wed. April 17 @ 2:00 pm ET - Beige Book Report
* Wed. May 1 @ 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.

Wednesday, July 13, 2011

YM, ES, NQ & TF...and the game of ping pong continues...

The wild swings in the markets since the beginning of this year have created a rather large trading range on the YM, ES, NQ & TF, which I mentioned in my post last night. The last few days has seen an explosion in volatility as evidenced on the 5-min TICK, ADVN/DECN Issues, and UP/DOWN Volume charts below.

Below are four 4-hourly line charts on these e-minis...overlayed on each are 2 regression channels currently in play. I've drawn a horizontal line on each one where both of the channel "means" intersect (broken yellow & broken pink lines). I would venture that these levels will play an important role in the days/weeks to come in setting a potential point from which an eventual trend will emerge that will take these either higher to new levels above the current sideways trading range or lower to new levels below the range. Perhaps we'll get a better clue once Mr. Bernanke has finished speaking tomorrow and after the end of this Options Expiry week. The longer that price remains above the +1 deviation of the shorter downtrending channel (dashed pink line), the better chance it has of reversing this to an uptrend, and it would then be in alignment with the longer uptrending channel...currently in after-hours trading, the YM is trading just below, the ES is trading well below, the NQ is trading just below, and the TF is trading just below.