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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.
* 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 $$$...

Beach

Beach

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Wednesday, March 04, 2020

BIDEN BOUNCE: Spoiler Alert

CNBC is all atwitter with excitement proclaiming today's bounce as the "Biden Bounce" after his wins in last night's Democrat Super Tuesday state primaries.

The following SPX weekly chart shows a 1-week MA (ohlc4 -- blue cross). 

Currently (1:25 pm ET on Wednesday), price is just above last week's MA of 3081.87. We'll see if price holds above that, or retests this week's MA of 3039.325, or lower.

SPOILER ALERT...pay close attention to my posts hereherehere and, especially, here with respect to the negative consequences of a Joe Biden presidency for the next four years.

By the way, he's not president yet, nor is he the Democrat candidate...so, in reality, market action/sentiment would, no doubt, be driven by President Trump's policies (and other factors) until, at least, January 2021.

As President Obama was fond of saying during the 2016 presidential campaign, "There is only one president at a time."


P.S.