About meCommerce Postgraduate 15 years ago and now Transport Professional. Recently got into Technical Analysis reading Frost & Prechter, Gorman & Kennedy and others. Now a big believer in Elliot Wave.
That's all it is at this stage. I am not looking to buy the Nikkei index, but a number of interesting individual stocks mirror this wider theme. Sort of a lower swing high being set and "one more drop" to set a higher low then off we go sort of thing. Let's see.
Short to short-mid bearish, medium term to long term bullish.
Short term - short (but not in a position so just waiting),
Medium + LT term long.
Why? Well a couple of reasons. Despite the retraction in sales and profits in the construction industry in Japan as evident from Ueki's results there are some rather signs of value.
I haven't even started a full accounting of undervalued Japanese stocks yet but can see that I will...
While 3.76% dividend yield isn't very high it is better than voluntarily forfeiting your money to the Japanese government in the form of negative bond yields (I apologise for my apparent lack of civic duty).
Still, I expect a bit of a retrace before heading higher. This is 100% based on the chart and 0% based on fundamentals, although, I may be looking into the...
This is just to track my purchase of AUD today. I expect it to appreciate vs the EUR and USD over the coming months;
Australia is significantly exposed to commodity prices, which as showing signs of recovery, and
Australia has government debt at lower levels than most of the rest of the OECD (I have seen % levels ranging fro 40.5 to 66% - depending on the source)...
Just a quick post to say:
- I have been watching diversified commodity indexes recently as they provide meaningful diversification in any portfolio (generally a small % allocation is recommended) .
- Over the past 9 years (as you can see) this has been in a strong and long-lived bear market. The bottom must be somewhere, below $13 is a good candidate...
This post is for me primarily. Here is a relatively undervalued equity paying 4% dividends and a PE of 5. Just another stock that I have decided to chart in my search for undervalued Japanese stocks.
If you think US, EU etc treasury bond yields are low try a negative yield in Japan. A 10 year bond returns -0.05% (yes negative) and a 2 year -0.156 as at...
I was just searching for low PE / oversold Japanese stocks. I am interested to see if this plays out, as it will be much better value sub 750 and well worth a look.
Short to medium term short and medium term long. If you can snag some shares around 600 yen each and it retraces only 38% of the previous deep drop (2004 - 2010) - the you could go 5x easily....
Just a quick one to share my wave count and swing strategy.
If we drop to sub $1100 levels I will be a buyer and if we break above the blue line I will also be a buyer. Spoiler alert, I am also a regular (physical) buyer at levels in between - but will also enter a trade at these levels. Let's see what happens. The market will decide.
Thanks for viewing everyone.
This is typical TA, it might go up or it might go down (and I told you so in either case). But stick around anyway.
After silver's top of almost $50 in 2011 it has made a clearly identifiable ABC formation correction of the intervening 8 years. If you squint just right, you can see the 5 wave wave (C) down too (complete with shallow...
The NYSE is the biggest and most liquid equity market in the world. It has been highly volatile since the start of 2018 and has been making lower highs and lower lows since Jan 2018. Yet there is still talk on the ongoing equity bull market in the US. From all time high in Jan 2018 to the brief low in December 2018 the drop was over 20%, meaning we are technically...
I have revised my downside target from 82 to 83 and have indicated three possible entry points (depending on timing and appetite).
I have added a trend line on the RSI that has not diverged clearly from the price trend, while higher highs have been set the RSI is showing a series of lower lows. While a lot of people don't trust or value technical analysis, RSI...
This how my NZD usd chart was marked up from a couple of weeks ago. The only additions are the two red dashed lines - The top one is still active (100%+ in profit), and I closed the bottom one for a 60% profit because I was paranoid about a spike in price taking out my stop at break even.
Anyway, I traded this 100% on the chart and wasn't aware of the...
Marvel at my amateur technical analysis and overly wordy explanation for I am a genius!
Pretty simple stuff really, a 40%+ decline 2002 to 2008 followed by an A wave, a B wave and wave C rally starting April 2011. That rally topped in 2016 and we have seen a 5 sub-wave drop down from 104 to 88. Now I won't bore you with facts and figures - you...
Thank for viewing,
Disclosure; I haven't been tracking Nike until a couple of days ago and thought I would post this to see if I can get some feedback. I am not presently able to short trade this share so am just watching for now. I was drawn to it by recent news about presumptive Np.1 NBA draft pick Zion Williamson's and minor injury caused by a Nike shoe...
Thanks for viewing,
1. If you entered long around the time of my previous post in October (linked) at 5756 you would be 10.5% up now,
2. There is a little way up yet (due to wave 3 of wave C being extended (finishing) and wave 4 and 5 to come, and then we should hit at around 5200 or lower.
My analysis is just based on the chart and also that other regional and...
Thanks for viewing.
Just a quick post to share my count, position and why I entered.
Count: You can see my count, let's see if it bears out. If not I will get stopped out at or close to break even and look to re-enter. I had a lot of trouble with this count and I am still a little uncertain about the wave 1 peak on the earlier downtrend.
Position: My two...
Just an update
Entered a short trade on the 3rd Dec and will look to take profit soon in order to re-enter for the 5th wave of wave C down.
Sorry about my wave degrees, I just prefer the smaller degrees to avoid clutter.