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.
* 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 $$$...

Paris

Paris

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Wed. May 23 @ 2:00 pm ET ~ FOMC Meeting Minutes
* 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
* 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.

Friday, June 29, 2012

A Review of Q2 2012

Further to my post of January 27, my post of March 30th, and my post of June 20th, I'll offer the following Quarterly timeframe charts of the Dow 30, S&P 500, Nasdaq 100, and Russell 2000 Indices to wrap up Q2 of 2012.

I mentioned on March 30th I that it would be difficult to imagine that Q2 would duplicate the bullish advance of Q2 without a pullback, since these indices had closed at major resistance levels. The Q2 candle retraced either all or much of Q2's candle on all four major indices and closed in the upper one-third portion of its candle.

If the Q3 candle retests the Q1 lows again, I'd be very skeptical of much of a convicing advance above this year's high during these three months...instead, that would signal to me that these markets would likely chop around in that candle's range until a breakout occurs one way or another...that is, barring any sort of catastrophic news which could send the markets much lower.


Looks like the bear awoke from his winter hibernation and was very hungry, just like he was the prior two years...the question this year is whether he'll hang around for Q3...time will tell as to what tantalizing tidbits may come his way to hold his interest. Stay tuned for Q3 results at the end of September...


So, already, the first layer of the bull's chocolate cake has been plundered by the bears, so there's no chance of them enjoying this cake for a 2012 Christmas tea party...instead, we'll have to wait for "Santa's 2012 Surprise" for either the bulls or the bears to enjoy. Stay tuned for Q4 results at the end of December...