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...
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*** 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

Monday, September 19, 2011

Too much "bounce" left...


While Commodities are co-operating today, there is still too much "bounce" left in the Nasdaq 100 and the EURO for a meaningful decline to continue with conviction at the moment. The NQ is showing relative strength as it tries to regain the upper one-third of its trading range from this year's high to low as shown on the 4-Hour chartgrid below.


A downward sloping Head & Shoulders breakdown has occurred on the YM, ES, NQ & TF...however price is bouncing around in between the 50 & 200 smas on the 60 min charts below which may define a trading range until Wednesday's Fed meeting.


The YM & TF did reach the confluence zones mentioned in Friday afternoon's post, but the ES & NQ did not (as of this moment) as shown on the 60 min (market hours only) charts below...will see how they close out the day.