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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 $$$...

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* Wed. July 18 @ 2:00 pm ET ~ Beige Book Report
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* Wed. Aug. 22 @ 2:00 pm ET ~ FOMC Meeting Minutes
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*** 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, June 30, 2018

World Market Death Cross Forms: 'Summer Swoon' In Store For U.S. Major Indices?

As shown on the daily chart below, a moving average "Death Cross" has formed on the World Market Index. It closed out Q2 2018 just above horizontal price support and below trendline support, as well as below both moving averages.

All three technical indicators are in negative territory, hinting of further weakness ahead, particularly if price drops and holds below 1950 on accelerating RSI, MACD and PMO declines.


The following 1-year and 6-month charts of the U.S. Major Indices show where they closed out Q2, relative to their 50-day moving average.



The following year-to-date graph of these Major Indices shows the percentage gained/lost for the first half of 2018.


My general conclusion is, if we don't see some serious buying of the Dow 30, S&P 500, Nasdaq 100, Nasdaq Comp, Russell 2000 and the S&P 100 around their 50 MA soon, we may see the beginning of a 'summer swoon,' and, possibly, some aggressive selling until they reach their 200 MA. Keep an eye on the World Market Index for potential clues and on the ROC (rate-of-change) indicator on these Major Indices.