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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.
* 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 $$$...

Late Summer

Late Summer

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Wed. Sept. 26 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference
* Fri. Oct. 5 @ 8:30 am ET ~ Employment Data
* Mon. Oct. 8 ~ Canadian markets closed for Thanksgiving Day Holiday
* Thurs. Oct. 11 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. Oct. 17 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Wed. Oct. 24 @ 2:00 pm ET ~ Beige Book Report
* Tues. Nov. 6 ~ U.S. Midterm Elections
* Thurs. Nov. 8 @ 2:00 pm ET ~ FOMC Announcement
* Thurs. Nov. 22 ~ U.S. markets closed for Thanksgiving Day Holiday & NYSE closes early @ 1:00 pm on Fri. Nov. 23
* Wed. Dec. 19 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference
* Tues. & Wed. Dec. 25 & 26 ~ Canadian markets closed for Christmas & Boxing Day Holidays
* Tues. Dec. 25 ~ U.S. markets closed for Christmas Day Holiday & close early @ 1:00 pm on Mon. Dec. 24
*** Click here for link to Economic Calendars for all upcoming events

IMPORTANT BLOG POST UPDATES...
* Trade Wars have escalated and now include diplomatic wars PLUS President Trump is cannibalizing prior U.S. market gains with his tariff tantrums against its world trading partners, while destabilizing a delicate world market balance

Sunday, December 02, 2012

Moving Averages of the Major Indices

The 10-Year Daily chartgrid below shows only the 50, 100, and 200 smas of the Dow 30, S&P 500, Nasdaq 100, and Russell 2000 Indices, without the candles.

All three moving averages are still in an uptrend on the daily timeframe; however, the 100 and 200 smas are beginning to flatten, the 50 sma has hooked down, and they are merging...a possible sign of a reversal-in-the-making. In fact, the 50 sma has crossed below the 100 sma on the Nasdaq 100 Index, and is getting close on the other three Indices...reflective of recent weakness and profit-taking, particularly in the Technology index.


A 20 sma has been added on the next close-up shot of the chartgrid. This moving average has crossed below the other three smas on the Dow, Nasdaq, and Russell, but not on the S&P, yet. Looking at these four moving averages, they are all still in uptrend (higher highs and lows). However, I'll be keeping a close eye on the 20 sma on the SPX, in particular, to see whether it crosses below the 200 sma, and I'll be watching to see whether price on the SPX breaks and holds below the important 1400 level mentioned in my post of November 30th. A failure of the 20 sma to cross back up above the 50, 100 and 200 smas would likely signal that further weakness has entered the markets, with the potential to see it make a lower low.

 
Below are Weekly and Monthly charts showing the 20/50/100/200 smas. The Weekly smas are still clearly bullish (but the RUT is struggling), but the Monthly smas are starting to look a bit messy. This coincides with what I said in my last post.