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

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...




* Wed. March 21 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
* Fri. March 30 ~ U.S. markets closed for Good Friday Holiday
* Fri. April 6 @ 8:30 am ET ~ Employment Data
* Wed. April 11 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. April 11 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Wed. April 18 @ 2:00 pm ET ~ Beige Book Report
* Wed. May 2 @ 2:00 pm ET ~ FOMC Announcement
*** Click here for link to Economic Calendars for all upcoming events

Wednesday, August 24, 2011

Japan's NKD trying to hold at near-term support...

Japan's Nikkei 225 Futures Index (NKD) is trying to hold at near-term confluence support (see Daily chart below) after a Moody's downgrade of its governments debt by one notch to Aa3 today..."blaming a build-up of debt since the 2009 global recession and revolving-door political leadership that has hampered effective economic strategies"...see Reuter's full article for details:  http://www.reuters.com/article/2011/08/24/us-japan-rating-idUSTRE77N01620110824?feedType=nl&feedName=usbeforethebell

As I mentioned in last Saturday's post, should the NKD continue down, the next support level is around 8200.