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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.
* 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 $$$...

Spring

Spring

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Mon. May 28 ~ U.S. markets closed for Memorial Day Holiday
* Wed. May 30 @ 2:00 pm ET ~ Beige Book Report
* Fri. June 1 @ 8:30 am ET ~ Employment Data
* Tues. June 12 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. June 13 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
* Tues. July 3 ~ U.S. markets close early at 1:00 pm ET
* Wed. July 4 ~ U.S. markets closed for Independence Day Holiday
* Thurs. July 5 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Wed. Aug. 1 @ 2:00 pm ET ~ FOMC Announcement
* Mon. Sept. 3 ~ U.S. markets closed for Labour Day Holiday
*** Click here for link to Economic Calendars for all upcoming events

IMPORTANT BLOG POST UPDATES...
* JCPOA - Will President Trump recertify the JCPOA on May 12?...stay tuned...May 8 the answer is "No"...US pariticipation in the deal
is scrapped...new sanctions coming for Iran and, possibly, for nations supporting Iran.

Wednesday, April 11, 2012

The Sky Has Not Fallen...Yet

Further to my post of April 10th, there was a small overnight bounce today in YM, ES, NQ & TF, but no real advance during market hours, as shown on the 4-Hour charts below. Price remains below an immediate sharp downtrend line for now and is, therefore, still subject to further downside pressure until it's broken (with confidence) and held as new support (which is basically at today's high).


Looking at the Weekly charts below, these e-mini futures indices are still trading above their respective middle Bollinger Bands, which are the next levels of support on this timeframe...whether they hold remains to be seen.


Financials were the "flavour of the day," as shown on Stockcharts' Sector Summary below.


The graph below shows how these sectors have performed, along with the S&P 500 Index, since January of 2012. Favourites have been the Technology, Financials, and Consumer Discretionary sectors...clearly the leaders and the ones to watch for either continued strength or developing weakness. Energy is lagging on the year and also gained the least on today's advance, with Utilities being the second weakest.