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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...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

Saturday, February 16, 2013

Money Flow for February Week 2

Further to my last Weekly Market update, this week's update will look at:

  • 6 Major Indices
  • 9 Major Sectors
  • 30-Year Bonds
  • U.S. $

6 Major Indices


As shown on the Weekly charts and 1-Week percentage gained/lost graph below of the Major Indices, the largest gains were made in the Russell 2000, followed by the Dow Transports. The S&P 500 and Dow 30 were, essentially, flat, and there were minor losses in the Dow Utilities and Nasdaq 100.

As I mentioned last week, I was going to be watching to see if the Nasdaq and Utilities played catch-up...they didn't.



9 Major Sectors


As shown on the Weekly charts and 1-Week percentage gained/lost graph below of the Major Sectors, the largest gains were made in Industrials, Financials, Consumer Discretionary, and Consumer Staples. There were losses in Technology, while Materials, Energy, Health Care, and Utilities were, basically, flat.

These tell me that there was not much strength in the overall equity markets this past week...more of a pause in a lengthy (and, potentially, exhausted) uptrend.



30-Year Bonds


Price closed slightly below last week's close, as shown on the 5-Year Weekly chart below of 30-Year Bonds. It remains just below major resistance. Despite the large volumes of the past few weeks, the drop below this resistance level has been small in comparison.


U.S. $


As shown on the 5-Year Weekly chart below of the U.S. $, price continued to rise this past week to close just below the 50 sma (red) and the 50% Fibonacci retracement level. A break and hold above this confluence resistance point may propel the dollar to 82.00, or higher.


Summary


This is a short review, as not much happened in equities this past week. 

Going forward, I'll be watching Technology, the U.S. $, and 30-Year Bonds, as discussed above, together with the 60 min trading ranges on the 4 Major E-mini Futures Indices and the Euro (as I discussed earlier in the week here) for possible negative or positive influences on the U.S. equity markets, BUT being mindful of this potential VIX scenario. We may also see hints of strength or weakness when trading resumes in China this coming week.

Have a great long weekend and good luck next week!