Well Vlad, here is where you have brought Mother Russia

Russia iShares (ERUS) destroyed Even at support and if it were a technical bottom feed buying opportunity I would not touch this POS as a lunatic leads his country into the gutter. US and other markets are getting dinged (I took a solid 8% profit on a volatility hedge added on Friday for weekend protection) but oh, Mother Russia. Annihilation. One thing I find heartening … Continue reading Well Vlad, here is where you have brought Mother Russia

GaryFebruary 28, 2022

Stock Market, Global

Little Hymie and lessons learned [w/ edit] & another [edit]!

Himax (HIMX) busts a move [edit2] A subscriber informs me that Hymie is something that Jesse Jackson calls Jewish people and is offensive. Not that it needs clarification but that is something I have never heard or known about. I actively avoid racist morons like Jesse Jackson or any other media muckraker/hate monger. In my mind Hymie goes back to much simpler times… I grew … Continue reading Little Hymie and lessons learned [w/ edit] & another [edit]!

GaryDecember 30, 2021December 30, 2021

Stock Market, Global

So Hu is your morning going?

Man stares at SOHU chart, sees it doing the right thing As with Weibo before it, Sohu, which I bought to replace WB when I sold it, is doing what I’d hoped and what the chart had said it could do, +20% this morning. Like WB, SOHU was bought despite the damage being done to Chinese stocks by their central planners and China/US relations. I … Continue reading So Hu is your morning going?

GaryJuly 13, 2021July 13, 2021

Stock Market, Global

Weibo bucks China wipe out on rumor

Weibo stock rises while other Chinese stocks sink As word of crackdowns (from both China’s central planners and the US) on large Chinese companies intensifies and FXI drops… …one stock is going the other way. WB is +13% after being +40% at one point in pre-market. First there was news that it is being taken private, but then quickly followed a denial by the company. … Continue reading Weibo bucks China wipe out on rumor

GaryJuly 6, 2021

Stock Market, Global, Technical Analysis

World in a Diamond

ACWX (world, ex-US) sports a Diamond pattern in the making. People incorrectly (IMO) label this as a reversal pattern when actually in my experience a Diamond tends to be a pause to consolidate prior to either a reversal or a continuation of the previous trend. So that is all it is, a decision point about further rally potential. Given the waning momentum indicators (it’s similar … Continue reading World in a Diamond

GaryMay 19, 2021May 19, 2021

Commodities, Stock Market, Global

A Pattern Shows Up in Multiple Places

A bullish looking daily chart pattern appears… Also of note is that daily RSI has gone positive on all items, as has MACD on all but AAXJ. A key is for the pattern to hold the 50 day averages in each case. But a couple of them have nearby gaps below. Here is the pattern on the Emerging Markets fund, EEM. Here it is on … Continue reading A Pattern Shows Up in Multiple Places

GaryApril 28, 2021April 28, 2021

Inflation & Deflation, Stock Market, Global

Just Another Cyclical Bull Market

TSX-V is in a cyclical bull market The TSX-V, which has been one of our main post-crash inflationary guides, has joined the likes of the Agricultural index, Copper and other markets in a cyclical bull market by taking out the previous high. A cyclical bull is just that, a cycle. The ‘V’ is already there and it could end tomorrow or more likely in my … Continue reading Just Another Cyclical Bull Market

GaryFebruary 9, 2021February 9, 2021

Stock Market, Global

GWPH: Keep Swinging, Sometimes You Hit One Out

Recently, I bought GWPH after it had been given a haircut of about 25% from where I last sold it. I had to take a small loss because it broke down last week, as you can see. But yesterday I noticed there was a sneaky little April gap that got filled and as noted in the Trade Log… For absolutely no chart-based reason other than … Continue reading GWPH: Keep Swinging, Sometimes You Hit One Out

GaryNovember 3, 2020November 3, 2020

Stock Market, Global

Japan

I have been nursing a big breakout theory on the Nikkei since it broke out in 2016. I have not held Japanese stocks for most of that time but have stayed aware of the potential of this long ago cast aside market. The target is 35000. They say that the more times resistance is banged at the weaker it becomes. Nikkei may well have been … Continue reading Japan

GarySeptember 16, 2020

Stock Market, Global

TSX-V Makes a Lower Short-term Low

Before TSX-V (CDNX, JX) made a lower short-term low today NFTRH 617 noted (along with a chart)… “Did TSX-V put in a little double top or is it just consolidating? If it’s a top, it appears to be a minor one, perhaps in preparation for a test of the up-turned SMA 50.” For those of us holding positions in members of this index the question … Continue reading TSX-V Makes a Lower Short-term Low

GaryAugust 25, 2020August 27, 2020

Stock Market, Global

And Still da ‘V’ Keeps Motoring

Let the US dollar bounce, let Treasury yields pull back, let the global reflation trades take a hit… and still, the TSX-V continues upward. On the daily chart, at least. Daily: It’s robotic up, after taking out the moving averages. Weekly: Here comes resistance, followed by more resistance. Monthly: Aye aye aye, that’s a lot of resistance traffic to clear if this is going to … Continue reading And Still da ‘V’ Keeps Motoring

GaryJuly 7, 2020

Stock Market, Global

Oh BABA, what a move!

As noted recently, NFTRH is far more than a gold stock rag. NFTRH 610 noted along with its still-bullish analysis: Folks, you know I am not going to tout, sponsor or cheer lead this crap. The “Got Gold?”, “Go Gold!” “Rah Rah Gold!” crowd has that covered well enough. Among other markets is a growing theme about Asia, as first Taiwan (my exposure is in … Continue reading Oh BABA, what a move!

GaryJuly 6, 2020July 6, 2020

Stock Market, Global

APHA Wants to Get High

“Man, what is this shit, man?” On May 22 we noted the APHA buy (along with CWBHF), which had each been added a few days earlier per the Trade Log. CWBHF exploded higher in short order but Aphria has been a slower mover, surprising me to see 41% next to its symbol today. I have made a point of either avoiding down trending stocks or … Continue reading APHA Wants to Get High

GaryJune 8, 2020June 8, 2020

Stock Market, Global

The World Celebrates USD Decline

The Trump/Fed/Treasury/Taxpayer backed reflation parlor trick known as currency devaluation does not only benefit the reflation sensitive US sectors (Materials, Industrials, Financials, etc.), it also benefits much of the world’s asset markets. The ratio of ACWX (World ex-US) to SPY is usually in line with inverse USD. Lately it has under performed but appears to have some catching up to do. In other words, global … Continue reading The World Celebrates USD Decline

GaryJune 3, 2020June 3, 2020