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...please read my full Disclaimer at this link.

Dots

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

ECONOMIC EVENTS

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...

* Wed. Oct. 20 @ 2:00 pm ET - Beige Book Report

* Tues. Oct. 26 @ 10:00 am ET - CB Consumer Confidence

* Fri. Oct. 29 @ 8:30 am ET - Core PCE Price Index m/m Data

* Wed. Nov. 3 @ 2:00 pm ET - FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET - Fed Chair Press Conference

* Fri. Nov. 5 @ 8:30 am ET - Employment Data

*  Tues. Nov. 9 @ 8:30 am ET - PPI m/m & Core PPI m/m Data

* Wed. Nov. 10 @ 8:30 am ET - CPI m/m & Core CPI m/m Data

*  Fri. Nov. 12 @ 10:00 am ET - Prelim. UoM Consumer Sentiment

*  Fri. Nov. 12 @ 10:00 am ET - Prelim. UoM Inflation Expectations

* Tues. Nov. 16 @ 8:30 am ET - Retail Sales & Core Retail Sales Data

* Wed. Nov. 24 @ 2:00 pm ET - FOMC Meeting Minutes

*** CLICK HERE for link to Economic Calendars for all upcoming events.


Monday, May 31, 2021

Strawberry Blonde's Market Summary: A Decade of Posts 🎂

April 18, 2011 marked the birth of my Blog

Thank you to all who've visited my site and for your kind E-mails since then...they've been great!

As well, many thanks to the editors of the following sites who've generously published my articles over the years...(and to the creators of many other sites who provide a link to mine)...

I'll see if I can keep it going for another decade...cheers and good trading! 🍹😊

 © Strawberry Blonde's Market Summary

"Monday's Musings"...Sign Language 😏


Thursday, May 27, 2021

Biden's Bloated Spending Spree

U.S. taxpayers will have to cough up more of their earnings over the coming years under President Biden's unending bloated spending spree (including his proposals outlined in his Fiscal Year 2022 Budget, which was unveiled on Friday, May 28...U.S. equity markets remained gridlocked on the news).

As if their existing $225,310 debt per taxpayer, together with increasing inflation burdens, wasn't enough! 😕

When will taxpayers say enough is enough and demand more fiscal responsibility, accountability and transparency from their lawmakers...especially their President, if he can unstuff the ice cream from his mouth long enough to answer serious questions?




Monday, May 24, 2021

"Monday's Musings"...Politics Can Be "Icky" 😏

Oops...U.S. VP Harris caught 'red-handed' during this "icky" faux pas moment with South Korean President Moon...


Sunday, May 23, 2021

Will Biden's Systemic Race and Gender Discrimination Agenda Harm U.S. Markets?

It seems that President Biden's agenda and policies (executive orders, executive actions, and partisan laws passed by congressional Democrats) are rife with systemic race and gender discrimination...towards white males...and the courts are ruling against that, as described below pertaining to COVID-19 relief. 

No doubt, there are, and/or will be, many other court cases in the works pertaining to other situations where discrimination policies have been enacted.

It's an odd position for Joe Biden to take, considering he is a white male...as are many in his administration. How long will his white male (and female) voters' loyalty last? And, why is he dividing America...in direct contravention of his "unity" speech that he gave when he was sworn in as President? 😕

Finally, how long will U.S. markets remain strong and solid if the President weakens the country, particilarly its economy and national security, as well as the well-being and morale of his citizens, with his divisive and punitive actions? 

The S&P 500 Index (SPX) is in a precarious spot, as I outlined in my post of May 21, so Biden should immediately change course and abide by his sworn oath to protect and unify, not destroy, the country and strengthen it in the process.

Source: The Hill


Friday, May 21, 2021

SPX: Rock Solid?

Looks like a bearish diamond formation is revealing an apex around the 4150 level on the SPX, as shown on the following daily chart.

A break and sustained hold below could send the SPX tumbling to 4000, or lower to its next support level at 3700.

Any convincing sustained move higher, will be dependent upon the SPX:VIX ratio meeting the following conditions (daily ratio chart below):

  • the ratio price retakes and holds above the 50 MA
  • the RSI retakes and holds above the 50.00 level
  • the MACD and PMO form and hold new bullish crossovers
However, achieving those conditions may not be so easy, inasmuch as the recent uptrends have been broken on the RSI, MACD and PMO indicators.

So, the SPX could be in for more chaotic whip-saw swings until it breaks and holds above or below the entire large diamond pattern and forms a new trend in either direction.


Thursday, May 20, 2021

BITCOIN Trapped In The Jaws Of The Alligator

* See UPDATE below...

Further to my post of April 10 (and subsequent updates therein), BITCOIN dropped below the lower moving average of the William's Alligator on Thursday to a low of 35,198 (after plunging around 45% from its April 14 high of 64,374), as shown on the following weekly chart. All three moving averages (offset into the future) are curling down... signalling further weakness ahead on this timeframe.

A drop and hold below 35,000 could send price plummeting to 30,000, or even lower to 20,000.

Volatility has spiked and is still rising to new highs in this "clepto-currency," as represented by the ATR indicator (shown in histogram format with a value of one period).

As I write this post in Thursday's overnight trading session, price has bounced back up into the Alligator's jaw (AKA its chaos zone...in between the upper and lower MAs). I expect to see large whip-saw swings in both directions until traders decide whether to "love or leave" BITCOIN once and for all. However, their allegiance in either scenario may be "transitory," to borrow the Fed's current characterization of "inflation."

Watch for the upper moving average to move below the middle one as a clue that the first downside target (30,000) may, in fact, be hit.

Otherwise, BITCOIN will need to break and hold above the entire Alligator formation, if it's going to move to new highs with any conviction.


May 20

* UPDATE May 24...

BITCOIN hit a low of 31,397 in Sunday night trading...nearling reaching its 30,000 first target.

Wednesday, May 19, 2021

Did China Unleash COVID-19 As A Bioweapon Of War Against The U.S.?

* See UPDATES below...

Judge for yourself...

Source: ZeroHedge

Why would China brag about deliberately causing such a world-wide catastrophe when their own vulnerable Shanghai Index is perched at a precarious level, above which it hasn't been able to hold for any length of time since 2007?

By the way, did any of the global leaders realize that China had launched a "biological war," as declared?

More importantly, are any more such "wars" imminent? If so, how will global leaders deter such an assault from the Communists?

Perhaps if President Biden's military/national security personnel learn to clap on demand, they'll figure out a way to win, or even prevent, the next "bio-war." 😏

Source: ZeroHedge

* UPDATE May 22...

Interesting COVID-19 virus origin update from Fox News host, Tucker Carlson...

Source: Fox News

* UPDATE May 28...

Whoops...

Source: ZeroHedge

* UPDATE May 29...

More whoops...

Source: ZeroHedge

*** Even more stunning...and disturbing reports are noted below...

2% Target For US10YT

I last wrote about the US10YT in my post of April 8.

Since then, it retested the 1.50 level, reversed, and is now attempting to extend its rally in an effort to reach 2.00, or higher, as shown on the following weekly chart.

As long as it holds above the upper moving average of the William's Alligator (1.58), I'd say there's a good chance it will reach that level. The Balance of Power has shifted back to Buyers. I'd like to see the Awesome Oscillator turn green to confirm that support for a higher yield is sustainable.

Keep an eye on inflation for clues, as I've described in detail in my post of May 13 (and subsequent updates noted therein)...inasmuch as longer-term inflation will, no doubt, have an impact on 10-year treasury yields...particularly, as the Fed is beginning to admit that it may not, in fact, be "transitory," as they've been trying to peddle.

May 19


-- ZeroHedge


Thursday, May 13, 2021

Inflation Reality Bites The Biden Administration

* See UPDATES below...

Uh oh...Wednesday's U.S. CPI and Core CPI data shows that inflation has dramatically spiked -- to numbers not seen in multiple decades -- as shown on the graphs below.

"Inflation cycles feed on easy money; so the odds increase with each passing day that the new inflation cycle will not prove to be 'transitory.'"

 -- Source: ZeroHedge.com



Subsequently, North and South American markets got hammered, as shown below.

Source: StockQ.org

The SPX:VIX ratio closed below the 200-day MA, as shown on the following daily ratio chart.

Following their respective trendline breaks, all three technical indicators are signalling further weakness for the SPX. If the ratio fails to retake and hold above the 200 MA, then we should see the selling continue.


If the Biden administration is not worried about today's inflation numbers -- or much else it seems, as they lurch from one self-inflicted crisis to another -- plenty of economists, analysts, politicians, and military personnel are, as evident in the following articles.

Monday, May 10, 2021

Quote Of The Day

Presented without comment...


What precipitated Mr. Chang's tweet...


"This is beginning to look like the 1970s gas shortage. 
If the panic just started hours ago - just wait until tomorrow. 
People will freak."







Sunday, May 09, 2021

U.S. Employment Reality Bites The Biden Administration

 But, no one's listening in the White House...













President Biden and Treasury Secretary Janet Yellen are ignoring the negative and suppressive effect that Biden's policies, executive orders, and executive actions are already having on the U.S. economy and jobs.

Instead, the President is rushing recklessly toward enacting his party's $93 Trillion extreme far-left Green New Deal (Representative AOC's and Senator Markey's socialist "malarkey") and is already paying people not to work...one of many items on their "wish list."

As I've detailed in my February 9, 2019 article, this will not end well for Americans, or the markets...and, possibly sooner, rather than later.

Strangely, over half of you voted for this man...without even having an inkling of what policies he supported at the time. No wonder he kept his socialist agenda under wraps in his basement until after he took office on January 20! Would you have voted for him, if you'd known what he'd unleash, beginning on Day One?

Continue reading my article at this link


By the way, if Mr. Biden wants to pay people not to work, why would anyone bother to go to school (K through 12) and university, and why should the government (YOU, the taxpayer) cough up money for those redundant institutions, unions, teachers/professors, and programs, as well as their hard assets such as buildings and real estate, etc.?

Socialism fosters laziness and ignorance and squashes the development of creativity. Why would any advanced nation want to foist that kind of misery on its citizens and degrade its economy and national security in the process?


The rest of the world is watching...


...what will YOU do, in the meantime, while the White House fiddles?