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
The “again” in the title refers to the previous false start on the big picture Japan situation. People can argue all they want about why Japan is not fundamentally bullish, but NFTRH+ does charts and so… Nikkei has broken above the daily SMA 200. Okay, no great shakes here because so many other global markets have done the same. But the weekly chart shows Nikkei … Continue reading NFTRH+; Turning Japanese (again)
So I am not going to pretend I’ve got all the answers on a day like this. My broad market longs are very mixed, my shorts are good and my precious metals and ‘inflation trade’ stuff are doing poorly. But for the same reason I did not buy anything on the late week burst upward in the inflatables, I am not selling today’s unwind either. … Continue reading On an Unpleasant Day, Here’s Something Green
Sure, we know the US is flying around up there in blue sky. And we know that the US “man in the middle” is also finally in blue sky. But on the global picture the one I continue to find the most interesting is Japan, because it went decades in the grip of deflation and chronically under performed most other markets. Today Yen-hedge Japan (DXJ … Continue reading Japan at New Highs = Significant
The NY Fed’s Empire index is the latest in a line of strong manufacturing reports. Several ‘global vs. US’ stock market charts are looking prospective, and then of course there is the bullish monthly chart of Industrial metals, as noted in NFTRH 469 and the big picture monthly chart post last week. The yield curve continues to be benign for economy and stock market bulls … Continue reading Industrial Metals, Global Growth, a Decision on How to Play Canada and a Look at Japan vs. US
Hey, did you know that the Yen has been bearish? Did you know that on October 10, when the Yen was just breaking down we made this NFTRH+ update highlighting a buying opportunity on Yen-hedged Japanese stocks? Enter the MSM to let the world in on the scoop… Stock strategists find a country they like even more than the United States Did you know that … Continue reading CNBC Article Pumps Japan About 1.5 Mos. Too Late
The Euro is just a basket case right now. Daily chart… But I am not interested in the Euro so much as I am in ways to benefit from its weakness. I would like to see the Euro hedged HEDJ use the weekly chart’s EMA 70 as support, as it did at key junctures during the bull phase that blew out in 2015. It also … Continue reading Euro & Yen Continue Down the Bear Path
We’ve been noting a deterioration in the Yen’s technical status lately, which would help Japanese exports and its stock market in general. Here is the daily view of the Yen, giving detail to the toppy looking weekly chart we usually view as part of the multi-currency chart. A lower low to the late August low would just about seal the bearish deal. Turning to the … Continue reading NFTRH+; Yen-Hedged Japan (Look Ahead)
I used to get freely distributed emails (i.e. non-premium) from a well regarded service based in the UK. They struck me as very smart and very buttoned down. What they didn’t strike me as was guys who have worked on a manufacturing floor. When I saw their narrative remaining bullish the likes of Fanuc due to its Robotics component (in the face of what I … Continue reading A Prime Machine Tool Builder w/ a Hyped Twist falls flat in Q4
On November 2 NFTRH+ had a spotlight on the Yen-hedged DXJ fund. We have also looked at Japanese Machine Tools/Robotics company FANUY and Financials, MTU and SMFG in light of the prospects for the continued evolution toward privatization of the Japanese economy. A good write up on said privatization appears at Wisdom Tree… Japan Post Privatization and the Democratization of Japanese Finance Countering this however, … Continue reading Opposing Views on Japan, Wisdom Tree & Japan Macro Advisors
Reference the Global Stock Markets segment in NFTRH 367. We noted a nice pattern on Nikkei and a couple gaps up higher to be filled. Here is the Yen-hedged ETF version of that, using DXJ. The buy for traders would be 52 down to 51. I am taking a position today because I am more of a portfolio twittler (my lingo for manager) in this … Continue reading NFTRH+ Trade Setup; Yen Hedged Japan
Add the US dollar to the list of items that are in question and on the move. The green circles show the higher highs and higher lows made by USD since the May low. In June it spiked down, tested that low and then shot higher.
In the current policy and media stoked market environment, anything is possible. It’s the wonderful, magical world of hands-on policy making. 5 years after the financial crisis, but still not enjoying a ramping economy like the good old (and long gone) days of the last great secular bull market (RIP 2000)? Just sit back, relax and let the man in charge control the image.