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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.
* 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...

Dots

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

Fall

Fall

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Tues. Nov. 3 ~ U.S. Presidential Election
* Tues. Nov. 17 @ 8:30 am ET ~ Retail Sales Report & Core Retail Sales Report
* Wed. Nov. 25 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Thurs. Nov. 26 ~ U.S. Markets closed for Thanksgiving Holiday
* Fri. Nov. 27 @ 1:00 pm ET ~ U.S. Markets closed for Thanksgiving Holiday/Black Friday
* Wed. Dec. 2 @ 2:00 pm ET ~ Beige Book Report
* Fri. Dec. 4 @ 8:30 am ET ~ Employment Data
* Thurs. Dec. 10 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. Dec. 16 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference
* Thurs. Dec. 24 @ 1:00 pm ET ~ U.S. Markets closed for Christmas Holiday
* Fri. Dec. 25 ~ U.S. Markets closed for Christmas Holiday

*** Click here for link to Economic Calendars for all upcoming events

Saturday, October 29, 2011

G'day, Mate!

Charts of interest for the next while are the Australian Composite Index ($AORD), AUD/USD Forex pair, Commodities Index ($CRX), and the Commodities ETF ((DBC). They are each at levels of resistance, have trended similarly, and the Australian currency is leading this latest rally...whether it will continue to lead the Commodities and Equities markets upwards to possibly new highs for this year remains to be seen...a reversal of the current Death Cross of the 50sma and the 200 sma to form a Golden Cross, with price holding above the 50 sma on all of them could also see this latest downtrend reverse with higher highs and lows continuing into next year.

Otherwise, if price fails at the current levels, we could see a return to weakness in these markets with price falling back into their large trading range with volatile moves in both directions until a new trend is established.

If the VIX returns upwards to 25.00 and holds above that level, there is a good chance for volatility to return once more (see my post of September 12, 2011):  http://strawberryblondesmarketsummary.blogspot.com/2011/09/money-is-always-interesting-subject.html

The Daily charts below speak for themselves in this regard.