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 $$$...

Convertible at Beach

Convertible at Beach

ECONOMIC EVENTS

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

***2026***
* Wed. Sept. 16 @ 2:00 pm ET - FOMC Rate Announcement and @ 2:30 pm ET - Fed Chair Press Conference

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

Wednesday, August 05, 2026

SpaceX (SPCX) Slingshot Price Action

* See UPDATE below...

Since its IPO on June 11th this year, the slingshot price action on the following monthly chart of Elon Musk's space exploration company, SpaceX (SPCX), is suggesting a slingshot rebound to possibly retest its high of 225.64, or spike even higher.

The Balance of Power is currently in the hands of the Bulls...at a higher level than it was at its price high.

SPCX monthly chart

The same is true for the weekly time frame, as shown below.

SPCX weekly chart

The following Google information sums up the activities of this company.

Further details can be found on the SpaceX website here.

One to watch! 

Further details on Elon, himself, are provided in the following Google summary.


UPDATE August 7th:

The Bulls are firmly in control of SPCX on this daily chart, as at 12:16 p.m. 

SPCX daily chart


Tuesday, August 04, 2026

The Fauci Ouchie

* See UPDATES below...

I wrote a number of articles over the years from the time that the COVID-19 virus first appeared in China, before spreading around the world in 2020. It was then designated a pandemic by the WHO.

It was a deadly 'novel' virus and has killed millions of people worldwide ever since.

From 2020 to 2022, US government Infectious Diseases Director Dr. Anthony Fauci was the scientific advisor to and spokesperson for both President Trump during his first term and President Biden during his one and only term in office, pertaining to this virus.

During that time period, there were a number of conflicting ideas, theories and studies circulating from numerous sources around the world about this virus, remedies and its origins, etc. 

Various mandates were issued for lockdowns (e.g. nursing homes), closures (schools, businesses and some government agencies, etc.) and vaccines, etc., many of which proved to be very harmful to people, their health and well-being, and the economy. 

US Senators released shocking detailed information last week that Dr. Fauci allegedly lied to the public about numerous issues (suggestions, remedies, virus origins, mandates, etc.). He, seemingly, was saying one thing in public, while writing the opposite in his personal diary at work on his government computer.

Apparently, he even wrote in his diary that he developed a pulmonary embolism after receiving the Moderna covid vaccine, but he never released that information publicly. Instead, he insisted that the newly created 'vaccines' were safe.

Dr. Fauci's diary (1,889 diary entries and 124 emails) can be read in full at this link.

He testified in a US Senate committee hearing last week in connection with this diary, and it can be viewed, in its entirety, on C-SPAN video at this link.

As you can see from the video, the hearing was very contentious. Dr. Fauci refused to answer all questions (111 times)...thereby, refusing to accept any responsibility for all of his actions.

This last episode in Dr. Fauci's 54-year career paints a huge stain on his legacy.

How does a nation ever recover from the unquantifiable harm inflicted by the virus and all the 'so-called' remedies, vaccines, mandates and disinformation issued by 'so-called' medical experts? 

UPDATE August 6th:

Following last week's Senate hearing, that committee has just referred Dr. Fauci to the Department of Justice for contempt of Congress for refusing to answer questions, as detailed in the report below.

We'll see what happens...

And, perhaps one day, all the answers will be revealed to this investigative reporter and the rest of us, including ones to questions we didn't even realize that needed to be asked about a number of things.

UPDATE August 10th:

This article airs more inconsistencies between Dr. Fauci's private and public statements regarding the safety of the COVID-19 vaccine for pregnant women...more information here.

No doubt, there will be more shocking revelations to come as Congress continues to sort through the treasure drove of documents, emails, texts, etc...

UPDATE August 15th:

Well, that didn't take long...more allegations here of inappropriate actions by Dr. Fauci when he wielded power.

This once camera-hungry man has now clammed up and is refusing to talk to Congress and reporters to answer legitimate questions about decisions he made and actions he took during his time in government.

His lies have ruined the trust once held for medical scientists and experts as he pursued fame and fortune at the expense of others' health and welfare...on a global scale.

What a disgrace


Thursday, July 23, 2026

US 10YT Poised To Soar

The US 10-year treasury yield (US10YT) has now reached a fairly substantial decades-long resistance level, as shown on the monthly chart below.

If it holds above today's break of 4.70, we could see a run towards 6.00, or higher...possibly depending on how the US war against Iran proceeds in the next few weeks/months.


Friday, June 05, 2026

BITCOIN: Chaos

Bitcoin in a nutshell...CHAOS...over and over again.

Not for the faint of heart! 🤢


UPDATE:

Bitcoin's extreme volatility renders it unsuitable for normal technical analysis, as has been done in the following report.

IMHO it's simply an overhyped 'kleptocurrency'...as are the rest of these cryptocurrencies.


Monday, March 09, 2026

US Strategic Petroleum Reserve

* See UPDATE below...

The following visual shows the levels of the US Strategic Petroleum Reserve from 1983 to 2025.

This reserve has been much higher for most of those years before it was drastically drained during the Biden administration.

So, as at the end of 2025, it hadn't been topped up very much, should it need to be tapped during the present conflict/war between Israel/US and Iran to, potentially, reduce the price of oil and gasoline for American consumers.

UPDATE August 10:

The US SPR has now fallen to just below 300 million barrels of crude oil, for the first time since 1983...results of President Trump's attempts to complete his mission in the ongoing war against Iran.

   


Monday, December 22, 2025

Merry Christmas & Happy New Year 2026

Best wishes for a very Merry Christmas and a healthy, prosperous and Happy New Year!

Many thanks for visiting my Blog and for your nice comments over the past year. 😊

And, once again, a big 'Thank you' to the following sites for publishing my articles:


And have a Zen New Year!


Tuesday, December 02, 2025

Will China's Shanghai Index Reach Escape Velocity?

China's Shanghai Index is up against a 'rock and a hard place,' namely a long-term downtrend line, as shown on the following monthly chart of SSEC.

We'll see if it reaches escape velocity should it break out and hold above this trendline...or simply retreat.

After all, it is trading in it's "froth zone," as I described in my last SSEC post...and, historically, it's rare that it remains there very long.

Monthly chart of SSEC

* UPDATE December 3...

China's economic woes are dramatically accelerating, as noted in the following article...not a healthy sign to support any kind of sustained 'escape-velocity scenario' above this long-standing downtrend line!

* UPDATE December 15...

More bad economic news for China...



Thursday, July 03, 2025

SPX: The Sky's The Limit (50 Reasons Why)

* See UPDATES below...

The S&P 500 Index (SPX) closed on another record high today after Congress passed President Trump's 'Big Beautiful Bill,' as described in the following article.

The White House detailed 50 reasons to vote for this bill at this link.

With no price resistance looming above, the sky's the limit for future record high SPX closes.

In fact, 7,000 is the next BIG ROUND NUMBER as a potential target (at the latest by August 2026) -- and beyond, as detailed in my 2025-2029 forecast of January 24, 2025 -- should price generally remain within the bounds of the Andrews Pitchfork technical indicator shown on the monthly chart below.



SPX Monthly chart

Happy 4th of July 2025, America! 🎉


* UPDATE October 5...

SPX on track to 7,000 target...only 250 points to go by August 2026, or before...

SPX Monthly

* UPDATE October 24...

Today's opening gap up may signal a new leg up on the SPX, if it holds, as shown on the following daily chart...commonly referred to as a "breakaway gap" following a trend reversal, which occurred on October 10.

If so, look for a target of 7,000, as described above.

SPX Daily chart

* UPDATE January 29, 2026...

The 7,000 big round number was briefly pierced yesterday on the SPX, before price retreated somewhat, as shown on the following monthly chart.

SPX Monthly chart

There has been some profit-taking just below that level for a few weeks, as shown on the weekly chart.

The Balance of Power still remains with the Bulls on the monthly and weekly timeframes. Should that reverse and hold to the downside in favour of the Bears on the weekly timeframe, look for a possible minor pullback...minor support sits around 6,500. The same scenario on the monthly timeframe may signal a major pullback/correction...major support lies around 6,000.

Otherwise, we should see further advancement in favour of the Bulls in the near-term, should price break and hold above 7,000, inasmuch as that is the path of least resistance.

SPX Weekly chart


Monday, April 21, 2025

GOLD: The Next Parabolic Bubble?

We'll see.

If we do see a blow-off in price at some point soon, perhaps 3000 will hold as support, since that was a technical upside target within the confluence zone of two major long-term Fibonacci levels, as per my post of December 6, 2022.

GOLD finally hit 3000 on March 11 of this year, for a gain of 68% -- and has nearly reached 3500 -- as shown on the following monthly chart.

P.S. Price briefly pierced through 3500 on April 22 before dropping back below during intraday trading.

GOLD Monthly chart

* UPDATE October 24...

So, 3000 held...and GOLD has been on an upward tear ever since.

As noted on the following monthly chart, it nearly hit 4400, where there has been some profit taking.

Barring any major negative global influences, there is no overhead technical resistance to stop its climb towards 5000.

GOLD Monthly chart

* UPDATE January 26, 2026...

No bubble burst yet...GOLD is still on a tear as it crossed above 5000 late last week, as shown on the following monthly chart.

There is no overhead resistance to stop this unprecedented massive accumulation, so, we'll see if it reaches its next big round number of 6000.

The most recent support level is 4400, denoted on the following daily chart. If 5000 is broken and held to the downside, we may see a retest of 4400 at some point, or somewhere around 4700.

Otherwise, momentum is with the bulls.

GOLD Monthly chart

GOLD Daily chart


Tuesday, April 15, 2025

Will China's Shanghai Index Get Blown Out of Its "Froth," Again?

I wrote about China's Shanghai Index (SSEC) on August 22, 2023, as shown below.

I noted that, since March of 2007, any attempts to rise and stay above 3000 resulted in price being blown off numerous times to fall back into what I called a 'Chaos Zone' between 2000 and 3000.

It is currently trading above above this zone, after breaking above long-term intersecting trendlines, which offers a level of support around 3100, as shown on the monthly chart below.

Since early 2016, price has, essentially, held above 2700, which offers near-term major support.

However, the area in which it now sits is what I've dubbed as "Froth," inasmuch as it has never risen and held its gains since it ventured into it in early 2007...before the infamous 2008 U.S./Global Financial Crisis.

China has been around for over 4,000 years and has found ways to remain flexible and resilient throughout its long history...seemingly focusing on the 'long game' and its quest for 'win-win' solutions to problems.

In that context, I doubt whether it will crumble in the next four years because of President Trump's global tariff war and his 'I-win-you-lose' strategy. President Xi has been busy this week making trade deals with multiple Asian countries to mitigate the effects of Trump's tariffs. No doubt, he will continue to seek other alternatives and opportunities, as well.

So, should the SSEC hold above 3100, we may see it continue to rise. However, in the current volatile global environment, we'll see if it can, at least, remain above 2700...for the next four years (until the next U.S. federal election and change of President).


Should President Trump fail to reconsider his damaging global tariff policies before it's too late, the U.S. may end up reaping the fallout. He has likely created the 'world's biggest economic wobble' in modern history, while synchronously earning the title of 'untrustworthiness,' thereby creating a 'hostile environment' in the United States that would not foster any kind of fair and lasting trade partnership with other countries, nor attract new business from foreign investors.

* UPDATE April 24...

President Trump has been caught in more lies...this time by the Chinese, as reported below.

As I said, no one can trust anything he says...so, watch and wait for WRITTEN trade agreements, signed by both parties...before taking any meaningful action in the markets.

Until then, volatile whipsaw trading will continue, generated by more daily "fake news" headlines and preposterous claims from Trump.


Thursday, April 10, 2025

SPX ALERT: Potential Retest of 200 MA Along With A Death Cross Event

While it's not a guarantee, it's not uncommon for the the S&P 500 Index (SPX) to bounce after a significant drop and retest its 200 MA, following the formation of a bearish moving average Death Cross.

We may be at that point, as the 50 MA is poised to drop below the 200 MA in the next couple of days, as shown on the following daily chart.

As you can see, the SPX has plunged a great deal since it reached its high of 6147.43 on February 19 in connection with President Trump's global tariff war, before reversing and spiking following its low of 5069.90 on April 4. It closed today at 5268.05 in a very large and volatile trading range.

A spike to around 5750ish to retest its 200 MA is possible (and close the gap down between April 2 and 3), given that the RSI, STOCH, and MACD indicators are hinting of such a scenario -- and that volatility is extreme, as shown on the following SPX:VIX daily Ratio chart -- before resuming its downtrend.

With the drama of Trump's day-to-day tariff/trade flip-flops, anything's possible, so we'll see what happens.

SPX Daily chart

SPX Daily Ratio Chart