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 $$$...

Creek

Creek

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Wed. Nov. 20 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Wed. Nov. 27 @ 2:00 pm ET ~ Beige Book Report
* Fri. Dec. 6 @ 8:30 am ET ~ Employment Data
* Wed. Dec. 11 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. Dec. 11 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference
* Fri. Dec. 13 @ 8:30 am ET ~ Core Retail Sales & Retail Sales

*** Click here for link to Economic Calendars for all upcoming events

Saturday, August 24, 2019

Volatility Churns In US Markets

* See UPDATE below...

As I mentioned in my post of August 5, volatility ramped up on July 26 and it continues to churn in US markets, as evidenced on the following daily chart of the SPX, as well as the monthly chart of the SPX:VIX ratio.

Near-term resistance and support levels are 2950 and 2800, respectively, on the SPX.

Major resistance and support levels on the SPX:VIX ratio are 200 and 100, respectively.

Until we see a clear breakout and hold above or below these levels, both price and volatility will continue to churn in a large sideways trendless direction.



Furthermore, as President Trump continues to pump out unpredictable tweets like the ones below that he let fly on Friday, volatility will remain elevated in both directions.




And, this about sums up things with respect to US trade negotiations with China...


* UPDATE September 13...