Critical Area for Yen/Nikkei
I have an ultra long-term monthly Yen chart (inverted) coupled with an equally short-term 60-min Nikkei chart below. The Yen, +/- a point or two, is basically at critical long-term support pointed out just recently. That support is the combo of l0ng-term lines…...
The Next China Play
Remember this post from September 2012? In it we suggested commodities were not the best way to play a resurgence in Chinese economic or financial market prosperity. Instead, we suggested the following: “…we have higher conviction that global, U.S.-based consumer…...
Long-Awaited Copper Breakdown?
I’ve talked about copper’s bearish technical pattern for quite some time including in March of this year and as far back as April of 2013. Very recently we highlighted it again. The price action this week has been interesting with weakness seemingly accelerating,…...
More Evidence Suggesting Nikkei en Route to Massive Additional Gains in Compressed Period of Time
The 6 month RoC > 65% framework, as it pertains to our Nikkei view, is not a new concept if you frequent this site. Over time, we’ve added new layers of analysis to that framework that have made it more…...
Yen/USD Cross Approaching Material Long-Term Resistance
In the chart below the Yen is reaching material long-term resistance at lines (1) and (2). In addition, its 61.8% Fib retracement level (3) formed off the 1998 highs / 2011 lows in the cross comes into play at the…...
How Does Copper Not Fall Significantly from Current Levels?
Here are some looks at copper below. The pattern this thing has put in place since it peaked in ~2011 is one big, nasty descending triangle b/t lines (1) and (2). I consider those to probably be the most reliably…...
Nikkei Technicals
Going back to spring/summer 2012, we’d like to think we were arguably among the first anywhere to begin highlighting the likelihood of the Nikkei launching a major new bull market. In fact, on August 13, 2012 when the Nikkei stood…...