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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

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...If the dots don't connect, gather more dots until they do...




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Tuesday, June 11, 2013

Bearish 'Evening Star'

We'll see if Monday's candle on the Broker/Dealer Index is a bearish 'Evening Star.' If we get confirmation today (Tuesday), we could see a drop in equities soon.

***UPDATE: As of today's close, the 'Evening Star' pattern has now been formed. We'll see if we get bearish follow-through next...if so, equities should follow or vice versa.

Of the 9 Major Sectors, Financials was the biggest loser in today's decline.