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 $$$...

Spring

Spring

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Fri. Apr. 3 @ 8:30 am ET ~ Employment Data
* Wed. Apr. 8 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Fri. Apr. 10 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. Apr. 15 @ 8:30 am ET ~ Core Retail Sales & Retail Sales
* Wed. Apr. 15 @ 2:00 pm ET ~ Beige Book Report
* Wed. Apr. 29 @ 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

Wednesday, March 11, 2020

World Markets Thrash and Bash

N.B. The following chart and data screenshots were taken between 2:00 & 3:00 pm ET today (March 11)...

S&P 500 Index (SPX) Daily chart

SPX:VIX Daily ratio chart


Source: ZeroHedge.com

(he says an overall mortality rate of around 1%, but check out Italy's rate below)


Source: justthenews.com

2008/09 was a bank financial crisis.

This is an economic crisishealth crisis, and global supply-chain crisis, and one that is multiplying every several days in depth and breadth...not easily or quickly resolved by monetary and fiscal stimulus, particularly if they're not adequately and correctly targeted.


N.B. How U.S. markets closed...


SPX Weekly chart
N.B. There are 3 types of gaps in a trend: 
breakaway, continuation and exhaustion.
If the second gap holds, we could see much lower prices 
before the final exhaustion gap is made.


When will emerging markets (EEM) catch up with, or overtake, the U.S. market flush?



N.B.

Check out my recent articles on my Blog for details on charts and market gauges I'm monitoring during these chaotic times.

P.S.

Following President Trump's oval office (9:00 pm ET) address to the nation on the coronavirus pandemic, the S&P E-mini Futures Index (ES) nearly tagged 2600 right before trading was limit-down halted Wednesday night, as shown on the following daily chart.

Tomorrow should be interesting.

S&P 500 E-mini Futures Index (ES) Daily chart

S&P 500 E-mini Futures Index (ES) Monthly chart
Overnight trading almost touched the confluence (2600) of
the bottom of a long-term uptrending Andrew's Pitchfork channel 

(taken from the 2009 low to 2020's high)
and 
the 50% Fibonacci retracement level 
(taken from the 2016 low to 2020's high).





Click this link to view the video