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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...

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IMPORTANT BLOG POST UPDATES...

Wednesday, March 27, 2013

I Dub Thee 'Turn-Around-Wednesday'


Source: http://www.indexq.org/

UPDATE: 1:15 pm EST: Which market has been hurt the most over the past couple of days by the Cyprus banking crisis? Hint, see data below, as well as yesterday's post.


UPDATE: 7:15 pm EST: This Daily ratio chart of the Russian Index vs. the Greek Index shows Russia's relative strength over Greece for the past two days. A break and hold above 30.00 could launch it higher above the trading range that it's been in since last November on further weakening of Greece, while a break and hold below 25.00 could signal much more trouble ahead for Russia.


In the meantime, Brent Crude Oil and WTIC have both popped during the past several days, as shown on the Daily chart below. We'll see if Brent now holds above its 200 sma (109.44), as all three indicators are pointing to a further rally...its next target would be the 50 sma at 112.70, while major support lies at 1.05. WTIC is approaching major resistance, but it may break above and follow suit if Brent continues to rally...100.00 would be the next upside target, while major support sits well below at 90.00.


The following Daily ratio chart of Brent:WTIC shows a very slight stabilization (at a major support level) in the spread between the two over the past couple of days...one to watch to see if that continues, or if it begins to widen in favour of Brent, once more.