WELCOME

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 $$$...

Beach

Beach

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Tues. July 3 ~ U.S. markets close early at 1:00 pm ET
* Wed. July 4 ~ U.S. markets closed for Independence Day Holiday
* Thurs. July 5 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Fri. July 6 @ 8:30 am ET ~ Employment Data
* Thurs. July 12 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. July 18 @ 2:00 pm ET ~ Beige Book Report
* Wed. Aug. 1 @ 2:00 pm ET ~ FOMC Announcement
* Mon. Sept. 3 ~ U.S. markets closed for Labour Day Holiday
* Wed. Sept. 26 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
*** Click here for link to Economic Calendars for all upcoming events

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

Friday, January 02, 2015

2014 World Market Wrap-Up

Happy New Year 2015!

Happy New Year

My World Market Wrap-Up for 2013 can be found here.

The following charts and graphs show the trends and gains and losses made in a number of world markets for 2014. They will be shown without individual comment, initially, as you can see at a glance where major support and resistance are (50 MA in both cases), and where the outliers are (which ones made the most gains or losses for the year).


Major U.S. Indices



Major U.S. Sectors & Homebuilders ETF



Germany, France & PIIGS Countries



Emerging Markets ETF, BRIC Countries & BRIC ETF



Canada, Japan, UK, Australia & World Index



Commodities ETF, Agricultural ETF, Gold, WTIC Oil, Copper, Silver, Platinum & Brent Oil



US $, Euro, Canadian $, Aussie $, British Pound, Japanese Yen & Swiss Franc



Commodities + Lumber, Homebuilders ETF, U.S. $ & U.S. Bonds



SUMMARY

Markets that made the strongest gains in 2014:
  • Nasdaq Transportation Index
  • Dow Utilities Index
  • Dow Transports Index
  • Nasdaq 100 Index
  • Healthcare ETF
  • Consumer Staples ETF
  • Financials ETF
  • Ireland
  • Shanghai
  • India
  • U.S. Dollar
  • U.S. Bonds
  • Dow 30 Index
  • S&P 500 Index
  • S&P 100 Index
Markets that closed mildly positive in 2014:
  • Materials ETF
  • Cyclicals ETF
  • Industrials ETF
  • Toronto
  • Japan
Markets that made the most losses in 2014:
  • Energy ETF
  • Portugal
  • Greece
  • Russia
  • Commodities ETF
  • Brent Crude Oil
  • WTIC Oil 
  • Silver
  • Copper
  • Platinum
  • Euro
  • Japanese Yen
  • Swiss Franc
  • Canadian Dollar
  • Aussie Dollar
  • British Pound
  • Lumber
Markets that closed relatively flat for the year:
  • Russell 2000 Index
  • Homebuilders ETF
  • Germany
  • France
  • London
  • Spain
  • Emerging Markets ETF
  • Brazil
  • BRIC ETF
  • Australia
  • Agricultural ETF
  • Gold

CONCLUSIONS

U.S. markets outperformed most other world markets, as did the U.S. Dollar and U.S. Bonds. However, Small-Caps traded in a large sideways trading range, but this index looks poised to break to the upside...watch to see if the 20 MA remains above the 50 MA  (both are currently rising) to signal continued strength...otherwise a cross below could signal a general weakening in U.S. equities.

Of the commodity-producing countries, Canada has been performing better than Australia (which is not confirming the dramatic rise in the Shanghai Index)...we'll see if bubble-like conditions are ripe yet for some hefty profit-taking to occur in China.

Portugal and Greece have been weighing on the EU countries...unless these pick up, I don't expect much improvement in the near term for this group.

A drop and hold below $50 on WTIC Oil could very well weaken and spark a major sell-off in U.S. equities...as could continued weakness in Lumber, Coppper, and the Homebuilders Sector. However, if Oil stabilizes around $60-$75, we may see a short rebound in the accumulation of the riskier sectors until, say, May or June.

Markets have favoured the "Defensive" Sectors this past year...this may very well continue as long as the above-mentioned groups remain weak. Any dramatic weakening of these groups could very well weaken and spark a major sell-off in U.S. equities. We may get some early signals of such a scenario in Forex and U.S. bonds, so I'd watch the U.S. Dollar performance against the above currencies for signs of strengthening or weakening. 

In any event, I think market volatility will increase and markets will consolidate in large trading ranges for longer periods of time in between moves, especially if we see a softening in the U.S. labour markets, wages, and company earnings, along with any increasing hawkish talk from the Fed. The S&P 500 Index gained 11.39% for the year...I think we'll be lucky to see half that increase in 2015...say around 5%.

MARKET FORECAST FOR 2015

My Market Forecast for 2015 can be read if you follow this link. (N.B. It was composed on December 12 and my comments were based on the accompanying graphs as of that date.)

Good luck to all in 2015!
Here's to a bit of Yin with your Yang, and to a bit of Yang with your Yin! -- SB