Big Trouble in Little Thailand?

Big Trouble in Little Thailand?

Filtered for a few items this morning on the Thai SET index in Thailand. Weekly close at least 700 bps < weekly high YoY >20% Looking for a massive reversal off a stretched bull cycle. Anybody find other instances interesting…...

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The SSEC Likely Continues Lower Though Its Irrelevancy Continues to Grow

The SSEC Likely Continues Lower Though Its Irrelevancy Continues to Grow

We’ve been of the opinion that if the SSEC were to continue lower, it would not necessarily be indicative of an imminent global slow-down/recession/equity collapse. That thesis is largely derived from the chart below, which plots the path the SSEC…

SSEC Finds itself at Another Important Support Zone as FXI Faces Resistance

SSEC Finds itself at Another Important Support Zone as FXI Faces Resistance

All the way back on August 27th we noted the SSEC was in the process of breaking below long-term support dating back to 1994. At the time, we noted that while such a break was unlikely to be an incremental…

China Back in News with Stimulus Rumors as Ratio of the SPX vs. SSEC at Major Long-Term Resistance

One of the more compelling set-ups I’ve presented in a while when you think about it in the context of what we know / think we know and the recent rumors of a new Chinese stimulus plan! The chart below…...

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As the World Remains Enamored with China and the SSEC, Malaysian Equities are at All-Time Highs

The chart below is the Malaysian KLSE Compsosite index.  It correlates quite will with the EWM ETF. In the chart below we can see the index has broken trend-line resistance (1) and is registering new all-time highs. It is currently in the…...

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Time to buy Chinese Companies Listed in the U.S.?

The chart below shows FXI on a weekly basis. FXI has been bouncing on trend-line support (1) for the past few weeks. This has been “the” line in the sand for FXI since 2005 and has produced many sizeable rallies…

SSEC Just Broke Below Major Support Dating Back to 1994

SSEC Just Broke Below Major Support Dating Back to 1994

With last night’s ~175 bps decline to start the week, the SSEC has now decisively broken below a nearly 20 year support line (1) dating back to 1994, in the chart below. Incredibly, the index now stands ~66% off its…

Sensex Near a Break Out From Three Year Consolidation Pattern

For those that would like additional background on this topic, please refer to our earlier post on the subject. Otherwise, in the chart below, the Sensex appears to be attempting a break-out from a three-year flag/consolidation pattern. As of yet, NO…...

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Repeating Fundamental & Technical Patterns in India/Bombay Sensex Suggesting a New Up Leg in EM Secular Growth Phase?

Coming into 2012 we figured the year would be up or down big given we had just finished a third straight up year in what was ostensibly a secular bear market, which had happened only one other time in 100…...

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Downside in SSEC Continues to Accelerate; Breakdown from Pennant Pattern at Hand

Last night the Shanghai Composite (SSEC) shed nearly 240 bps on the back of various Chinese macro data points. This comes on the heels of other recent weakness in the SSEC – on 6/25 we noted that the index had witnessed two straight…