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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...

TGIF

TGIF

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IMPORTANT BLOG POST UPDATES...

Thursday, September 20, 2012

China's Shanghai Index About to Fall Off a Cliff

China's Shanghai Index made a new 3-year low close today, as shown on the Daily chart below. The RSI, MACD & STOCHS indicators are diverging upwards, but are still hooked down.


However, this GXC:SSEC ratio chart shows that Chinese Financials are still rising, but are approaching overbought territory compared with the Index.

Things could get interesting soon in China...more Central Bank stimulus coming? If not, look for their Index to, potentially, fall off a cliff.