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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 $$$...

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is scrapped...new sanctions coming for Iran and, possibly, for nations supporting Iran.

Monday, March 04, 2013

Asian Markets Tumble While Other Markets Are Mixed

At the time of writing this post shortly after 10:00 am EST on Monday, although Asian markets tumbled considerably overnight, European and North and South American markets are mixed, as shown on the table below (provided by http://www.indexq.org/)...apparently due to the Chinese government's announcement of a new 20% tax on any home sold.

We'll see whether the weakness in Asia continues and whether it, ultimately, affects other world markets to any significant degree.


The Daily chart below of China's Shanghai Index does not yet show today's close. However, its close of 2273.40 puts price just below major support at 2290 and in between the 50 and 200 smas...one to watch in the days/weeks ahead for a break and hold (one way or the other) away from the moving averages.