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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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* 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.

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* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Black Friday

Black Friday



* Wed. Nov. 24 @ 10:00 am ET - Core PCE Price Index m/m Data

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

* Tues. Nov. 30 @ 10:00 am ET - CB Consumer Confidence

* Wed. Dec. 1 @ 2:00 pm ET - Beige Book Report

* Fri. Dec. 3 @ 8:30 am ET - Employment Data

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

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

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

*  Tues. Dec. 14 @ 8:30 am ET - PPI m/m & Core PPI m/m Data

* Wed. Dec. 15 @ 8:30 am ET - Retail Sales & Core Retail Sales Data

* Wed. Dec. 15 @ 2:00 pm ET - FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET - Fed Chair Press Conference

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

Tuesday, August 23, 2011

Markets spinning their wheels...

Basically, the YM, ES, NQ & TF have been spinning their wheels in a sideways trend since last Thursday as shown on this 4-hourly chart:

Until a break and hold outside of this range occurs (with conviction and possibly a retest), expect more range trading. I would add that the shorter-term regression channel that I mentioned in yesterday's post is now downtrending on all 4 e-minis...however, price remains in between the -1 deviation level and the channel "mean" in the range.