Category: Countries & Regions

Posted on

China Bystander: World Bank report | 中國外人

The World Bank report offers [China’s reformers] a strategic description of the way forward rather than policy prescription. Its six strategic directions for China’s future are:

  • Completing the transition to a market economy;
  • Accelerating the pace of open innovation;
  • Going “green” to transform environmental stresses into green growth as a driver for development;
  • Expanding opportunities and services such as health, education and access to jobs for all people;
  • Modernizing and strengthening its domestic fiscal system;
  • Seeking mutually beneficial relations with the world by connecting China’s structural reforms to the changing international economy.

via China Bystander | 中國外人.

Posted on

Japan: Nikkei 225 rallies

Another long-term (monthly) chart. This time of Japan’s Nikkei 225 Index, which has rallied off support at 8,000. Expect resistance at 10,000 but a breakout would signal that a bottom is forming. Recovery above 11000 would indicate a new primary up-trend.

Nikkei 225 Index

Posted on

China’s soft landing

The Hang Seng Index is approaching its target of 22,000. Expect retracement to test the new support level at 20,000. Respect would confirm a strong primary up-trend.

Hang Seng Index

* Target calculation: 20000 + ( 20000 – 18000 ) = 22000

A monthly chart of the Shanghai Composite Index reflects China’s soft landing over the last two years. The gentle down-trend is likely to continue, with the current rally testing the descending trendline around 2850.

Shanghai Composite Index

Posted on

ASX 200 resistance

Australia’s ASX 200 index is struggling to break medium-term resistance at 4300. 63-Day Twiggs Momentum continues to indicate a primary down-trend (breach of its rising trendline would strengthen the signal).  Failure of support at 4180 would warn of another test of primary support at 4000.

ASX 200 Index

* Target calculation: 4300 + ( 4300 – 4200 ) = 4400

Posted on

UK & Europe: Selling pressure

The FTSE 100 is running into resistance at 6000 — note the short weekly candles and bearish divergence on (medium-term) 21-day Twiggs Money Flow. Expect retracement to test the new band of support between 5600 and 5700. The primary trend, however, remains upward; so the target of 6100 is unchanged.

FTSE 100 Index

Germany’s DAX has also run into medium-term selling pressure, but remains in a strong primary up-trend with a target of 7500*.

DAX Index

* Target calculation: 6500 + ( 6500 – 5500 ) = 7500

Italy’s MIB Index is not yet in a primary up-trend, but narrow consolidation below 17000 suggests an upward breakout. Medium-term selling pressure is evident, however, even on the long-term 13-week Twiggs Money Flow, and failure of support at 16,000 would warn of another test of the primary band at 13,000 – 13,500.

MIB Index

* Target calculation: 17000 + ( 17000 – 14000 ) = 20000

Posted on

Singapore SGX: Top Momentum stocks

Yoma (Z59) breakout above 0.50 would signal another advance. Both Twiggs Money Flow and Momentum are bullish.

Yoma Strategic Holdings

I also like the look of Sky Holdings, Interra Resources and Ezion Holdings:

Sky Holdings
Interra Resources
Ezion Holdings

Although Ezion faces some profit-taking at 1.00 that could slow a further advance.

Posted on

Canada TSX: Top Momentum stocks

Interesting new stocks on my Top Momentum stock screen (Incredible Charts #48894):

Northern Graphite (daily chart)

Northern Graphite

Atna Resources (weekly chart)

Atna Resources

Connacher Oil & Gas (weekly)

Connacher Oil & Gas

Imperial Metals (weekly)

Imperial Metals

Posted on

Canada: TSX 60 breakout

The TSX 60 broke through resistance at 720, signaling a primary up-trend. Recovery of 63-day Twiggs Momentum above zero strengthens the signal. Expect retracement to test the new support level, but target for the advance is 790*.

TSX 60 Index

* Target calculation: 720 + ( 720 – 650 ) = 790

Powered by WordPress / WordPress Maintenance Service By Website Helper