Oil is up 9.1% Year-to-date, as shown on the first graph below (courtesy of www.Stockcharts.com). The second Year-to-date graph below shows that Oil is at resistance, while Gold is just above support, and Copper is in in a triangle formation in between support and resistance. […]
Another time-out from my mini-holiday to slip this in:Data released pre-market today showed a drop in European Money Supply, as shown on the graph below (courtesy of www.forexfactory.com). As can be seen, the total quantity of domestic currency in circulation and deposited in banks is still well below the levels [...]
A quick time-out from my mini-holiday to report this…Data released today showed a further drop in the Swiss economy, as shown on the graph below (courtesy of www.forexfactory.com). It’s a combined reading of 12 economic indicators related to banking confidence, production, new orders, consumer confidence, and housing. It’s designed to [...]
Below are 3 Daily chartgrids of the following (first I’ll show a series of charts, then provide some general comments and a summation at the end of this post): 3 Dows DBC (Commodities ETF) and AUD/USD DBA (Agricultural Commodities ETF), POT and SPX […]
Below are a series of chartgrids of the YM, ES, NQ & TF. I’ll provide a bit of commentary on each.Year-to-date Weekly charts: Each e-mini futures index is either at or near a resistance confluence of price plus indicator YM is at Volume Profile POC, but trading above its mid-Bollinger [...]
A variety of data released today, shows a divergence between a decline in personal spending and income versus an increase in new home sales (although sales remain depressed at the lows of their 2008/09/10 levels), as shown on the three graphs below (courtesy of www.forexfactory.com).It appears that more household debt [...]
Below is an updated Daily chartgrid, about which I wrote in my post of December 20th: http://strawberryblondesmarketsummary.blogspot.com/2011/12/markets-sample-christmas-pudding-early.htmlIn a nutshell, the ES (S&P 500 e-mini futures index) is high-basing after its big rally that day…a sign of distribution on lower volumes, potentially, in preparation for a push higher. There is considerable [...]
Data released (quarterly) pre-market today shows that Britain’s Current Account dropped to the lowest level since the December 2007 release, as shown on the graph below (courtesy of www.forexfactory.com). […]
This article by The Wall Street Journal today reported that the National Association of Realtors revised downward its sales figures by 14% from 2007 through 2010, showing that the housing bust was far worse than initially thought: http://blogs.wsj.com/economics/2011/12/21/realtors-lower-2007-2010-home-sales-estimates-by-14/It makes me wonder if Realty and Home Builders stocks and ETFs are [...]
Looks like the markets skipped pre-Christmas appetizers and headed straight for the pudding today.After today's big rally, the YM, ES, NQ & TF may be headed towards their upper Bollinger Bands on the Daily chartgrid below. I seem to recall that Goldman Sachs' 2011 year-end target for the [...]
Data released pre-market today shows another decline in the European Current Account, as shown on the graph below (courtesy of www.forexfactory.com). Rarely has it been above zero since 2005. The important support level of 1.3 was breached overnight on the EUR/USD as shown on the Daily and 4-Hour charts below…another [...]
My last post of December 1st on Japan’s Nikkei Stock Futures Index, NKD, refers: http://strawberryblondesmarketsummary.blogspot.com/2011/12/capital-spending-shrinking-in-japan.html For a summary of why I’ve written a number of posts about this index in the past, I’d urge you to take a quick look at that post.At the moment, the NKD is trading lower [...]
