Tuesday, September 18, 2012

BOVESPA: Pause to reflect after Friday's indecision?

Brazil's BOVESPA Close @ 09/17/2012
The long 'indecisive' candle from Friday has yet to witness follow through lower.....yet.
Chinese worries continue to mount & Brazil remains in the 'cross- hairs' of any fallout from the Asian 'miracle'.

Friday, September 14, 2012

BOVESPA: "Samba" time.......Weekly Close needed

Brazil's BOVESPA: Weekly as @ 09/13/2012

We still await the 'official' Weekly Close; so far the Daily has closed above the 'Blue Line' that has defined the bearish prognosis.
Now only Shanghai's $SSEC remains under 'siege' technically.....a fortune cookie with your QEIII?

Thursday, September 13, 2012

COPPER: "ain't saying, simply showing......"

COPPER Daily Chart 09/12/2012
German Court 'weighs in', the FOMC next in the congo line of 'bail- out' samba.......or not?
Is the party just beginning or just ending?

Tuesday, September 11, 2012

S&P500 'Reversal'.......good enough?

SPX Daily Close @ 09/10/2012
Too 'cute' for a top?
The Outside Down Day is a 'skinny' one @ best; but nothing appears without a sign....is this it?
Friday's comparably 'heavy' volume day to Thursday's large advance has now been potentially confirmed by Monday's price action.
Follow through lower Tuesday key to a higher degree of confidence that a retrace (1375/90) is upon us.

Friday, September 7, 2012

New Highs 'scored'...what happens next?

S&P500 Daily Close @ 09/06/2012
THE WEEKLY (08/31/12): "Expanding Volume Friday suggests that another minor high is possible, signs if/ when that happens to be awaited before setting any new ‘tactical’ positions.
Absent a Weekly Reversal; the bias remains that the market ‘wants’ to probe higher"......so far so good.
Friday's Non- Farm Payrolls either confirming the 'all systems go' for higher still or another 'oops' moment with the potential for this to be yet another 'minor new high' and back into range we go......again.