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 $$$...

Fall Cabin

Fall Cabin

ECONOMIC EVENTS

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

* Fri. Oct. 7 @ 8:30 am ET - Employment Data
* Wed. Oct. 12 @ 2:00 pm ET - FOMC Meeting Minutes
* Wed. Oct. 19 @ 2:00 pm ET - Beige Book Report
* Wed. Nov. 2 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
* Wed. Dec. 14 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference

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

Friday, September 16, 2022

FedEx Volatility: Three Strikes And You're Out!

* See UPDATE below...

Following Thursday's after-hours dire world-wide recession warning by FedEx CEO, its stock (FDX) has plunged this morning.

FDX has a history of volatile parabolic spikes and plunges. In fact, it had difficulty, twice, in holding any gains above 120.00 since it broke above in September 2013, as shown on the following monthly chart. Price is heading back to that level for a third time, as I write this post.

A drop and hold below 120.00 could see it hit its next major support level of 80.00, or lower.

If this is a harbinger of things to come, it will confirm that world markets are in for a very rough ride (as I first reported on July 26 and later updates).



ZeroHedge excerpt


ZeroHedge excerpt

* UPDATE Sept. 19...

It seems to me that markets have 'levitated on myths' since Day One, especially since March 2009, in the weeks, months and years following the 2008/09 financial crisis.

Fed Chairman Powell can't fix the global supply chain crisis, so his rate-raising actions won't curb inflation entirely, but will contribute to the giant economic mess that countries around the world now find themselves trying to overcome.

People, especially those on fixed and low incomes (and even middle incomes), are in for a lot of pain...thanks to the artificial market and economic environment that global central bankers have created over many years.

In other words, visualize the proportionality of 'cause and effect' and you get the picture.

Cause...Effect?


ZeroHedge excerpt

ZeroHedge excerpt

Abraham Maslow (Maslow's Hierarchy of Needs) would be rolling in his grave if he saw the state of things now. 

Most people (99%) around the world are still struggling in the bottom two levels of the Hierarchy.

So much for so-called 'personal progress' over the centuries! 🤔

Maslow's Hierarchy of Needs