Comments on: Analysis Of Global ETFs

By: 1111GhettoSpread1111

1111GhettoSpread1111 — Sun, 08 Nov 2020 19:34:22 +0000

RANDY is that you filling in orders (ring sound) while your analyzing it at the same time?
EPIC

By: rsotc

rsotc — Fri, 06 Nov 2020 14:29:56 +0000

In reply to timboz. Good observations & nice chart on the Topix. Thx for sharing.

By: timboz

timboz — Fri, 06 Nov 2020 12:28:11 +0000

In reply to timboz.

and one other thing I noticed … with the yen strengthening and the Japan market going up over the last months, going in the opposite of usual direction … the only other time I noticed this happening was in the run up to the 2018 highs …

By: timboz

timboz — Fri, 06 Nov 2020 12:24:39 +0000

In reply to timboz. and sort of struck me that the Topix is just maybe looking sort of head and shoulderish

By: timboz

timboz — Fri, 06 Nov 2020 12:22:12 +0000

Thanks Randy! … right on cue I was leaving a comment about the USD breaking below 104 against the Yen on the other post and then see this later … the newspapers here in Japan are crowing about the Nikkei closing at a high not seen since 1991 today but … “underneath the hood” as you say I took a look at the components of the Nikkei 225 and saw that if you line up the 225 stocks by 3 year performance, which even gives a couple months of running up to the 2018 high, and there are a grand total of 40 stocks that are green in that time period against the 180 or so red stocks … the EWJ mostly resembles the N225 but but underperforms a bit – maybe a currency thing? with the yen strengthening last few years? … anyway, the Topix 500 is broader and market weighted and has something of a different picture, 13% off its 2018 highs and a descending trendline to contend with … and both indexes have negative divergences during this steadily grinding up wedge of the last few months …