Nikkei Needs to Successfully Test Old Resistance as New Support
On a shorter-term basis I believe the Nikkei needs to successfully test its recent break-out as new support. For me, that break-out is less about the 16K level, or long-term trend resistance dating back to 1990, and more about the…...
Yet Another Layer of Analysis for Our Nikkei Framework
I wanted to add yet another layer of analysis to our ongoing Nikkei work which continues to suggest the potential for material upside in the index moving forward. If you recall, the last layer of analysis we added in building…...
Different Analyses, Simpatico Conclusions
As of today the SPX is +800 bps YTD. That’s very impressive and even more so considering an up 2014 would represent the index’s 6th consecutive annual gain dating back to 2009. As you undoubtedly know by now given we have…...
Key Ratio Involving Nikkei Appears to be Breaking Down
But, if it happens, it will have positive ramifications for the Nikkei. In the chart below the ratio of the DJ Global Index, or basically the world’s stock market index, is plotted vs. the Nikkei since the early 90s. That ratio…...
Nikkei Update
On the left chart below we find resistance line (1), or our “thin red line“, on the cusp of potentially giving way to more Nikkei upside. This technical barrier remains of the highest import to the future outcome of the…...
Break-out of Small Cap Tech Security Player
VDSI is breaking out from an ascending triangle pattern b/t lines (1) and (2) in the lines below. The height of the pattern is ~$15 implying the potential measured move higher, or price target, is ~$30 given the break-out occurred…...