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…...
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 Granularity & Short-Termism
Don’t want to get too cute here because the last thing I want to do is to get excessively myopic about a few % correction from recent highs given the potential upside move to ~35k-45K I’ve been pontificating about for…...
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…...