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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...

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NOTABLE POSTS WITH IMPORTANT UPDATES...

Saturday, February 02, 2013

Weekly Regression Channels on the E-Mini Futures Indices

Price can continue to rise for quite some time to their +1 Regression Channel deviation level (solid pink), according to these Weekly line charts of the YM, ES, NQ & TF.

Of course, they could also drop to the -1 deviation level, but I think that's very unlikely, especially since the markets have been reassured by the Fed that they'll continue to provide monetary support for, what appears to be, some time to come yet.

No doubt, they (the Market Makers) will take advantage of that opportunity, while it's available...BUT, I'd suggest they'd better be quick about it (and do so convincingly, since the markets are at multi-year resistance highs and the "recovering" economy is still fragile and subject to global and domestic "surprises"), IF they hope to attract money from the sidelines (lest those potential investors become forever disinterested in the markets and find a "new game in town," if they haven't done so already).


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***UPDATE February 5: The Department of Justice has just announced in a news conference today that it has filed a civil lawsuit against U.S. Credit Rating Agency, Standards & Poor's, alleging that it engaged in a scheme to defraud investors by inflating securities that misrepresented their true credit risks prior to the financial crisis. You can read more about this in this Bloomberg article and in this ZeroHedge article. We'll see if this is just the beginning of DOJ lawsuits that may come forward against other rating agencies and/or market participants.

It's precisely situations like this that do not instill confidence in investors. Market Makers have their work cut out for them this year to convince investors that "buying equities is the only game in town."  I, therefore, submit that any moves up this year are bound to be slow, choppy, and weighed down by negative (foreign and domestic) news announcements.