Trend Analysis

Economists and market participants often say it takes a quarter or two, sometimes longer, for the impact of interest rate cuts to take shape within an economy. However, financial markets live in an up-to-the-minute world. Traders want results and they want those results now, not in a few months....

The Japanese market experienced a major sell off Thursday, prompting many investors to ask me for an update on my view of Japanese stocks. The bottom line: I wouldn’t rush to sell Japanese equities. I continue to advocate a market weight to Japan for two reasons. 1. The sell off was technical....

As the US stock market entered into its fifth year of this bull market in March 2013, it is now trading at record highs and has climbed some 1000 points or 150% from its March 2009 low of 666.79. It should be crystal clear that the easy money has been made.  As mentioned in the [...]

This post is password protected. You must visit the website and enter the password to continue reading.

The Japanese markets have been largely a one-way path higher in the last six months, as market participants focus on the bold actions of the Bank of Japan (BOJ) targeting 2% inflation through unprecedented monetary stimulus. One outcome of these bold policies has been a substantially weakening yen,...

Feel like kicking yourself over an obscenely-profitable missed opportunity? Of course you do! This is breathtaking – - a gain of about one-thousand percent in just over two months time: Don’t ask me what the sudden appeal is; looking at the long-term chart, it’s astonishing that we’re on track to close the gap that was [...]

SPDR S&P 500 ETF (NYSEArca: SPY) was on track for a weekly decline of more than 1% to end a four-week up streak as investors fretted over hints the Federal Reserve may scale back its bond purchases and a sell-off in Japanese stocks. “Markets are looking for a reset and a retracement...

Well documented is the fact that some the largest, most popular emerging markets ETFs have struggled in 2013. The Vanguard FTSE Emerging Markets ETF (NYSEArca: VWO) and the iShares MSCI Emerging Markets Index Fund (NYSEArca: EEM), the two largest developing markets ETFs by assets, are lower by 2.7%...

I last wrote about Japan’s Nikkei e-mini Futures Index (NDX) on February 8th. Since then, price rallied a staggering 4850 points to a high of 16020 (reached earlier this week) and promptly dropped 2020 points as of 12:45 pm EST today (Friday), as shown on the Weekly chart below. You can see that this week’s candle is in the midst of forming an enormous outside bar, [...]