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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 $$$...

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UPCOMING (MAJOR) U.S. ECONOMIC VENTS...
* Fri. & Sat. June 28/29 ~ G20 Summit in Osaka, Japan
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* Fri. July 5 @ 8:30 am ET ~ Employment Data
* Wed. July 10 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Thurs. July 11 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Tues. July 16 @ 8:30 am ET ~ Core Retail Sales & Retail Sales
* Wed. July 17 @ 2:00 pm ET ~ Beige Book Report
* Wed. July 31 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference
*** Click here for link to Economic Calendars for all upcoming events

NOTABLE POSTS WITH IMPORTANT UPDATES...

Wednesday, December 12, 2012

12/12/12 FOMC Rate Announcement

Here is the link for today's (Wednesday's) FOMC press release regarding their interest rate and asset purchase decisions following their two-day meeting:
http://www.federalreserve.gov/newsevents/press/monetary/20121212a.htm

This excerpt explains their current timeline and parameters relative to the continued implementation of this low interest rate:

     "In particular, the Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee’s 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored."

The Federal Funds Rate will be maintained at 0.25%, as shown on the graph below.


Equity markets rallied after this news, and, on the Major Indices, the SPX and RUT are currently trading above their major uptrend line from the October 2011 lows, the DJI is backtesting its trendline, and the NDX is still trading well below its trendline, as shown on the Weekly charts below.

Bulls should be looking for the DJI to break and hold above this trendline and for the NDX to follow suit (as well as for the SPX and RUT to hold above their trendlines). Otherwise, we may see another break and possible test of this year's lows, or lower.

 
Meanwhile, data released, subsequently, shows that the Federal Budget Balance deficit has increased, as shown on the graph below...and the "Fiscal Cliff" issue remains unresolved.