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…...
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…...
More on the Nikkei Retest
My last two posts have highlighted the Nikkei’s need to test old resistance, or the initial swing highs from May 2013, as new support. I did a post here outlining what that would likely look like working off how the…...
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…...
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…...
Analog Update
Abnormal days that jolt the spirit of the market’s existing trend, like yesterday’s ~200 bps loss, are good points in time to do a broad analog update. Here’s the 4th-5th-6th consecutive annual gain analog. Haven’t shown it in quite a…...
U.S. Rate Structure Set to Move Higher
Had a recent post on the 10-yr bond that suggested a break-down in prices (and rise in rates) was very close. That prognostication has yet to materialize. Having said that, I’m no less convinced that it will indeed materialize; it’s…...
Nikkei 225 Components Tearing Through Quarter-Century Resistance to Upside
In the chart below I present a handful of Nikkei 225 components that are tearing through quarter-century resistance via upside break-outs. In each case this resistance dates back to the stocks’ all-time highs coinciding with the Nikkei’s own all-time high…...