Keystone's Key Dates Moving Forward

The following key items are the underlying currents, sometimes subtle sometimes turbulent, nudging global markets to and fro:

1.      POMO Pumps:  QE2 market pumps from 10:15 AM to 11 AM each day favoring bulls.

2.      Continuing Geopolitical Events such as Libya, Egypt, Saudi Arabia, N. Korea:  Dollar bullish and equity bearish.  Gold bullish.

3.      State and Muni Crisis:  Muni’s should experience pain first.  Many State budgets turn over in June and July.

4.      Europe Crisis Continues:  Portugal, Ireland, Italy, Greece and Spain, the PIIGS.  Italy has close business ties to Libya which may expose Italy’s bad paper.

5.      China Property Bubble and China Contagion:  When it pops, anytime now, it sure will be a sight.

6.      PBOC, China Rate Hikes:  First hike 10/19/10, 25 bips; second hike Christmas 12/25/10, 25 bips; third hike on 2/8/11.  Expect the hikes to continue.

7.      India, Brazil and other Emerging Market Rate Hikes:  Same effects as China rate hikes, commodities sell off.

8.      Wiki Leaks:  Bank or other surprises?

9.      Japan Intervention:  Japan intervention in the dollar/yen may occur anytime.

10.  Congress:  Market bullish when not in session, market bearish when in session.

11.  3/3/11 as a historic rhyme of 3/3/33:  Banks were closed March 3, 1933.  33 and 13 Masonic numbers.  Simply an interesting set of numbers to watch, especially contemplating how Egypt’s markets remain closed indefinitely.

12.  3/4/11:  Jobs Report Friday, 8:30 AM.

13.  3/15/11:  FOMC one-day meeting, should be market buoyant.

14.  3/18/11:  Budget Crisis Deadline extended from 3/4/11.  Government shutdown?

15.  3/24/11 and 3/25/11:  EU Council Meeting.

16.  4/26/11 and 4/27/11: FOMC two-day meeting, QE3 announcement?  FOMC meetings are typically market bullish especially second day.

17.  5/1/11 and on:  California financial decisions.  Will these decisions spook the country?

18.  5/15/11: Eclipse Sell-off Technique targets this time frame as a potential large market selloff area.

19.  June 2011:  EU Bank Stress Test Results.

20.  June 2011:  QE2 Ends.

21.  6/15/11:  Bradley Turn date.

22.  6/22/11:  Bradley Turn date.

23.  7/15/11: Eclipse Sell-off Technique targets this time frame as a potential large market selloff area.

24.  7/29/11 and 7/30/11:  Major Bradley Turn date.