Tuesday, August 27, 2013

NDX100 'PC' retest of the High fails with a poor Close Monday.

NDX100 Daily Chart @ Close 08/26/2013
Microsoft's 'assist' in testing the recent 100 Highs now appears to have 'failed' with an 'unch'ed' Close Monday.
Emerging Market risks coincident with weak US Data @ the margin does NOT seem like the right conditions for any notion of QE 'tapering'?
An overdue rally in US Treasuries is likely underway; equities not far behind & the US$ perhaps @ the mercy of the Gold 'faithful' for a change?

Tuesday, August 20, 2013

AUSSIE: An ominous development?

AUDUSD: Daily Chart @ Close 08/19/2013
Further to THE WEEKLY's Emerging Market/ Aussie 'Miracle' piece (08/16/2013); the AUDUSD has put in an 'ominous' Outside Down Day Monday as the regional Asian currency pressure grows (shades of 1996/97?).
The ongoing sell- off in Fixed Income markets globally; care of the FED's QE 'tapering' fears has led to the first of the 'unintended consequences'; a potential Emerging Markets Crisis.
If so; the Aussie may find itself @ the centre of a storm that tests its recent AAA/ Safe Haven Status, a reputation that some have been questioning for some time now (hands up!).

Sunday, August 18, 2013

NASDAQ100 puts in an OUTSIDE DOWN WEEK.

NDX100 Weekly @ Close 08/16/2013
What with Apple's rally past $500 intra- week & yet the NASDAQ100 manages to post an Outside Down Week; allowing at least the beginnings of a Technical Sign that something of 'Corrective' substance may well have started?
Time will tell; but we have been potentially 'warned'.
The Negative Divergences evident on the Index should also be heeded for what they are as well; an ominous development.

Sunday, August 11, 2013

AUSSIE Dollar now in 'retracement' mode?

AUDUSD Weekly Chart @ Close Aug. 9 2013
Too much to ask after the 89ct target was finally met that some retracement of losses is now in order?
The 'Bear' camp is now crowded & that nearly always spells time for a move in the other direction; especially so given the US Dollar Index developments?

Sunday, August 4, 2013

The AUSSIE 'miracle' goes 'mirage' on us?

AUDUSD Monthly Chart @ Close August 2 2013
Should the simplistic 89ct target (*) 'fail' to garner a reaction; the 'gates to hell' will be opened as the 'box tickers' erase their holdings of the AAA Safe Haven G20 'darling' Sovereign Debt that now appears to be a fully 'qualified' Commodity Class Currency (CCC) & finally fulfill it's destiny....@ 0.35cts longer term?
Beyond 89cts; the 0.8000 level remains Major Support @ 38%/ 50% of the large legs up from 0.60 & 0.4850 respectively.
(*1.1080 begot 0.9380/ 1.0600 Triangle Apex begets 0.8900)