Let's take a quick look at some of the major global stock markets from a longer-term perspective (10-year weekly charts). Starting with the S&P 500, with prices recently rolling off the top of the large broadening wedge pattern as well as the recent bearish cross on the weekly PPO, along with many other factors, it [...]
Some daily & weekly charts of the following global etf's: EEM (Emerging Markets), EWJ (Japan), IFN (the India Fund), & EWL (Switzerland). Click on first chart image to expand, then click anywhere toward the right of the chart to advance to the next expanded chart image.
The following short trades will be removed from the Active Trades category. Some of these trades may have already hit one or more profit targets while others failed to reach their price target(s). Many of these trades have also exceeded their suggested stop level while others may not have but in the long overdue process [...]
I am modifying the suggested stop on the EWJ short to a weekly close above 11.85 vs.any intraday or daily close above that level. Below are the updated weekly charts of EWJ and the $Nikkei, both of which are overbought levels rarely, if ever seen, followed by the 60 minute chart of EWJ. As I [...]
In the recent Around the World in 30 Seconds post, I had stated that the Tokyo Nikkei Index would likely prove to be a nice short when it reached the 14,000 level. As the $NIKI closed at 13,926 last night after hitting an intra-session high of 13,974, that's close enough to go ahead an establish [...]