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.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* 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...please read my full Disclaimer at this link.


* If the dots don't connect, gather more dots until they do...or, just follow the $$$...





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Saturday, April 14, 2018

US Major Indices: Just the Bare Facts

  1. Last night's joint US/British/French military operation in Syria is over and no amount of arguments for/against it will change that fact.
  2. Prior to that and as at Friday's close, the US Major Indices were still mired inside their respective consolidation zones near their 50-day MA, as shown on the following 1-year and 2-month daily charts.


In the short term, watch for any 20 MA crossover (and hold) above the 50 MA on any market rally next week and beyond, as one signal of potential sustainable equity strength in the weeks ahead.

Otherwise, a drop and hold below this year's lows could produce quite a plunge in this market.

In either event, keep an eye on the rate-of-change indicator for signs of an acceleration of the speed in either direction (I've shown an input value of one day on these charts, so you get the idea).

N.B. Further detailed analysis pertaining to the S&P E-mini Futures Index (ES) can be found here.