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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

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

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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, March 12, 2012

What Moscow and March 12th Have in Common

Some facts on Moscow according to Wikipedia:
Below are two Daily charts of the Russian Index. After Monday's trading, price closed, once again, just above the 1700 major resistance level. Additionally, the 50 sma is nearing a Golden Cross above the 200 sma. However, as there are negative divergences on the RSI, MACD, and Stochastics indicators, it is not yet clear that 1700 will hold as support...a Global index worth watching over the coming days/weeks, since it is also one of the BRIC countries, which were the subject of my post on February 27th.

With respect to the BRIC indices, I would also note that a Golden Cross has occurred in the past couple of days on the Daily charts of India's Bombay Index and the Emerging Markets ETF (EEM)...also two to watch to see if this bullish moving average cross holds. China's Shanghai Index is still trading in a range in between the 50 and 200 smas (which are still in a bearish Death Cross formation)...I'll be watching to see what their Foreign Direct Investment numbers show when the data is released Tuesday night...the prior month's data released on February 15th showed a big drop into negative territory...another index to watch, particularly with respect to the latest data released last Friday night showing a huge drop in their Trade Balance for February, as mentioned in my post of March 10th.