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.
* 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...

Dots

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

Cabin

Cabin

Events

UPCOMING (MAJOR) U.S. ECONOMIC VENTS...
* Wed. May 22 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Thurs. May 23 @ 3:30 am ET ~ German Flash Manufacturing PMI (watch for a hold below 50)...N.B. Jan. 24 PMI came in at 49.9, Feb. 21 PMI came in at 47.6, Mar. 22 came in at 44.7 & Apr. 18 came in at 44.5 (contraction mode deepens!)
* Wed. May 29 @ 2:00 pm ET ~ Beige Book Report
* Fri. June 7 @ 8:30 am ET ~ Employment Data
* Wed. June 12 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Fri. June 14 @ 8:30 am ET ~ Core Retail Sales & Retail Sales
* Wed. June 19 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference
*** Click here for link to Economic Calendars for all upcoming events

NOTABLE POSTS WITH IMPORTANT UPDATES...

Tuesday, January 01, 2019

2018 Market Wrap-Up: Extreme Volatility

The following charts depict 2018 market action in the S&P 500 Index (SPX), as well as the MSCI World Index. One word describes 2018 markets...volatile.

Volatility was extreme, as uncertainty gripped, not only U.S. markets, but markets world-wide, as well, as I had posited in my 2018 Market Forecast at the end of 2017. I believe it will continue to apply in 2019, and we'll see a world market slowdown, as I described in my 2019 Market Forecast.

Key levels that I'm watching on the SPX are 2600, 2400, 2250 and 2000, as illustrated in my post of December 27.

Market gauges that I'm monitoring in the weeks/months ahead are outlined in the above-mentioned posts, as the charts below are simply presented without comment (on the SPX) to depict this volatile price action.

Happy New Year and best of luck in 2019!

SPX -- Each candle on the  following chart represents a period of one year.


SPX -- Each candle on the  following chart represents a period of one quarter.


SPX -- Each candle on the  following chart represents a period of one month.


SPX:VIX Ratio -- Each candle on the  following ratio chart represents a period of one year.


SPX:VIX Ratio -- Each candle on the  following ratio chart represents a period of one quarter.

 
SPX:VIX Ratio -- Each candle on the  following ratio chart represents a period of one month.


MSCI World Index -- Each candle on the following chart represents a period of one week.

N.B. 1800 is a critical level, as a break and hold below will drag U.S. equities down, as well. It was briefly pierced during the last week of December and may be retested before, either resuming its plunge, or reversing course.

A tepid reversal will not produce lasting confidence or commitment in world markets, nor sustain a meaningful longer-term rally. In this regard, I've shown the input value as "one" on the three technical indicators (MOM, ROC and ATR) to illustrate and gauge the strength and velocity of either direction.