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Monday, October 27, 2014

Charts I'm Watching: Oct 27, 2014 is down for maintenance today, but should be back up in the next 24 hours or so.

Friday continued the melt-up, with USDJPY/NKD boosting SPX up over the SMA100 and almost to the SMA50.  Today is the official last day of POMO, so one would expect TPTB to prop up the market in an effort to demonstrate how it's able to stand on its own two feet.  With lots of economic news, the EZ bank stress test results, a FOMC announcement coming up and the latest case of ebola to pop up in NYC, it could shape up as another volatile day.

As always, keep an eye on USDJPY

Thursday, March 20, 2014

Charts I'm Watching: Mar 20, 2014 is back online...  additional updates can be found HERE.

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USDJPY has either completed its run or has formed a flag pattern that signals higher.

ES had a nice move yesterday, but needs to move south of the rising white channel in order to confirm our downside case.