Dr KOSPI moving higher - important for global cyclicals
KOREA is one big factory with the full gamut of output, from ships to semis.
The index is a key barometer for global cyclical momentum.
Consolidation is complete
The index is a key barometer for global cyclical momentum.
Consolidation is complete
Trade active:
Long global cyclicals in play.
Trade active:
Massive break out to the upside.
Let's see what Powell says this afternoon but the Kospi is suggesting a massive move higher for cyclicals, and that includes commodities.
Let's see what Powell says this afternoon but the Kospi is suggesting a massive move higher for cyclicals, and that includes commodities.
Trade closed: stop reached:
Kospi has rolled over. Pretty terrible sign for global cyclicals.
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