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
* 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...
UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Wed. Sept. 26 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference
* Fri. Oct. 5 @ 8:30 am ET ~ Employment Data
* Mon. Oct. 8 ~ Canadian markets closed for Thanksgiving Day Holiday
* Thurs. Oct. 11 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. Oct. 17 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Wed. Oct. 24 @ 2:00 pm ET ~ Beige Book Report
* Tues. Nov. 6 ~ U.S. Midterm Elections
* Thurs. Nov. 8 @ 2:00 pm ET ~ FOMC Announcement
* Thurs. Nov. 22 ~ U.S. markets closed for Thanksgiving Day Holiday & NYSE closes early @ 1:00 pm on Fri. Nov. 23
* Wed. Dec. 19 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference
* Tues. & Wed. Dec. 25 & 26 ~ Canadian markets closed for Christmas & Boxing Day Holidays
* Tues. Dec. 25 ~ U.S. markets closed for Christmas Day Holiday & close early @ 1:00 pm on Mon. Dec. 24
*** Click here for link to Economic Calendars for all upcoming events
IMPORTANT BLOG POST UPDATES...
* Trade Wars have escalated and now include diplomatic wars PLUS President Trump is cannibalizing prior U.S. market gains with his tariff tantrums against its world trading partners, while destabilizing a delicate world market balance
Saturday, July 09, 2016
A New Frontier Awaits For U.S. Markets
However, the closer we get to the U.S. Presidential election in November, we may see upward momentum begin to flatten out.
The World Market Index will, however, need to break through and hold above the 1600 major support/resistance level, once and for all (soon). If so, we could see such a breakout rally occur in the SPX -- possibly in a manner as I described in my post of July 1st.
Otherwise, if this index weakens, with sustained force, we may not see sufficient appetite for equity risk in the U.S. markets to push and sustain them to new heights.
Each candle on the ratio chart below of the SPX:VIX represents one year. (My latest post referencing this ratio, complete with updates, can be read here.) So far, the body of this year's candle is forming a bullish engulfing candle of the entire 2013, 2014 and 2015 candle bodies. As well, price closed above a major bull/bear line-in-the-sand resistance level of 150, once again, on Friday.
If we see price on this ratio hold above 150, we'll likely see the above scenario play out for U.S. equities. And, currently, momentum is favouring the bulls (albeit cautiously), as shown at this link to a Year-to-date graph showing gains/losses for the 9 Major U.S. Sectors. I'd keep a close eye on the Financials ETF to see if they suddenly weaken relative to the others, especially if banks in Europe begin to fail. If so, I believe this would negatively impact the rest of the U.S. markets.