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NFTRH+; Turning Japanese (again)

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)

A Look at Japan’s Nikkei & Yen

The Nikkei has a erected a Tokyo Tower rivaling the Dow’s Trump Tower in the US. Indeed, for a while now NFTRH has been tracking the prospective look of Japan vs. US with charts like this daily… With the Abe/Kuroda stranglehold still intact… With Abe’s blessing, Kuroda seen heading for another term  –The Japan News The Yen is at key support on the daily chart. … Continue reading A Look at Japan’s Nikkei & Yen

Return to the Land of the Sinking Currency?

In not making a higher high before turning down below the daily SMAs 50 and 200 the Japanese Yen has painted itself vulnerable, at best. We have been noting the constructive look of the Nikkei in NFTRH and with this market especially, the currency aspect plays a big role. Japan’s stock market and its currency have, after all, been pretty well negatively correlated for about … Continue reading Return to the Land of the Sinking Currency?

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NFTRH; Multi-Market Update w/ Daily Charts

SPX continues to lurk in what looks like a bear flag in preparation for more testing of the thick support zone. Europe is dealing with resistance in the form of a neckline.  The target for STOXX 50 would be around 3500 if it can get through here.  More testing of the 50 and 200 day moving averages could come into play first. Japan continues to … Continue reading NFTRH; Multi-Market Update w/ Daily Charts

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NFTRH+ Trade Setup; Yen Hedged Japan

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

Whack-a-Mole (Japanese Nikkei is the Latest Bubble)

Excerpted from Notes From the Rabbit Hole #240, dated May 26, 2013. Alan Greenspan gave them the playbook (Credit & Debt Manipulation 101) and now Ben Bernanke and global inflators everywhere have taken the ball and run with it in new, innovative and levered up ways.  Actually it’s a game of Whack-a-Mole and they play it well, these inflating moles.  The minute you think you’re … Continue reading Whack-a-Mole (Japanese Nikkei is the Latest Bubble)