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.
* 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 $$$...

Xmas

Xmas

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Wed. Dec. 11 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. Dec. 11 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference
* Fri. Dec. 13 @ 8:30 am ET ~ Core Retail Sales & Retail Sales
* Thurs. Jan. 2 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Fri. Jan. 3 @ 8:30 am ET ~ Employment Data
* Wed. Jan. 15 @ 2:00 pm ET ~ Beige Book Report

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

Tuesday, April 10, 2012

U.S. Economic Optimism Still in Negative Terrritory as Wholesale Inventories Rise

Data released on Tuesday reveals that Economic Optimism rose but is still in negative territory as Wholesale Inventories rose, as shown on the graphs below. Consumer optimism has rarely been above zero since 2007.



As I'm writing this, market reaction, thus far, has been very negative, as shown on the 4-Hour charts below of YM, ES, NQ & TF. Price is currently trading at/near External Fibonacci retracement levels...whether they will stop there today remains to be seen.