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

* 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...please read my full Disclaimer at this link.


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





* Wed. March 6 @ 2:00 pm ET - Beige Book Report
* Fri. March 8 @ 8:30 am ET - Employment Data
* Wed. March 20 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
* Wed. April 10 @ 2:00 pm ET - FOMC Meeting Minutes

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

Tuesday, April 10, 2012

Germany's Exports Decline Amidst Increasing European Investor Pessimism

Data released on Tuesday shows that Germany's Exports continue to drop amidst increasing European Investor pessimism, as shown on the graphs below. Investor confidence remains in negative territory below the levels seen in 2010 and at those seen in 2009. This data reflects recent data coming out of Europe which shows a weakening economy and escalating unemployment, as mentioned in my post of April 3rd.

As I'm writing this an hour after Tuesday's U.S. market open, the European markets are down hard, as shown below...in particular Spain and Italy. As I mentioned in my post of March 9th, Europe is clearly on the defensive...it's difficult to grow a robust and healthy economy under these conditions.

Additionally, the European Financials ETF (EUFN) has been declining sharply on confirming bearish MACD, Stochastics and RSI signals, as shown on the Daily chart below. So far, the effects of the ECB's LTRO2 have not been positive on the financials sector or on the EUR/USD as shown on the Daily chart below.

UPDATE: Here's how European markets closed: