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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 $$$...

Stretch

Stretch

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IMPORTANT BLOG POST UPDATES...
* Trade Wars have escalated and now include diplomatic wars

Wednesday, June 26, 2013

GS:SPX Ratio

Watching the GS:SPX ratio for possible clues to equity market strength...price closed today just below 60-day 60-minute resistance.


You can see it's important for GS to hold above the 150.00 level and, particularly, above the 200 sma (pink)...price is still subject to the negative influences of the bearish "Death Cross" formation on the following Weekly chart and is grappling with negative divergences on the MACD, Stochastics, and RSI indicators. Weakening Financials may pose a problem for the SPX.


*UPDATE June 27th:

GS ran out of steam today into the close, but this GS:SPX ratio has popped back above near-term support of 0.095...momentum is back above zero...a break either above or below this large descending triangle is imminent...momentum will need to confirm any sustained move.