{"id":16894,"date":"2018-08-25T01:00:51","date_gmt":"2018-08-25T01:00:51","guid":{"rendered":"http:\/\/thepatientinvestor.com\/?p=16894"},"modified":"2018-08-25T01:05:39","modified_gmt":"2018-08-25T01:05:39","slug":"east-to-west-us-rallies-china-falls","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2018\/08\/25\/east-to-west-us-rallies-china-falls\/","title":{"rendered":"East to West: US rallies, China falls"},"content":{"rendered":"

The S&P 500 is testing its January high at 2870. A rising Trend Index indicates buying pressure. Follow-through is likely to test resistance at 3000.<\/p>\n

\"S&P<\/p>\n

A monthly chart of the NASDAQ 100 illustrates tech stock strength, with a rally from 4500 to 7500 in just two years. Breakout above medium-term resistance at 7500 is more likely, offering a target of 8000, while a correction would test support at 7000. Breakout from the triangle pattern on the Trend Index would indicate index direction.<\/p>\n

\"Nasdaq<\/p>\n

Canada’s TSX 60 index is also advancing. A rising Trend Index suggests buying pressure. Retracement that respects support at 960 is likely and would signal another advance, with a target of 1040.<\/p>\n

\"TSX<\/p>\n

China paints the opposite picture, with the Shanghai Composite Index testing long-term support at 2700. Trend Index peaks below zero warn of selling pressure and breach of support would offer a long-term target of the 2014 low at 2000.<\/p>\n

\"Shanghai<\/p>\n

Hong Kong’s Hang Seng Index broke support at 28,000\/28,500 offering a long-term target of 25,000.<\/p>\n

\"Hang<\/p>\n

South Korea’s Seoul Composite Index found support above 2200. Retracement to test new resistance at 2350 is likely. A lot depends on progress in peace negotiations with North Korea.<\/p>\n

\"Seoul<\/p>\n

Japan’s Nikkei 225 is consolidating between 23,000 and 24,000 suggesting uncertainty over fallout from a threatened US-China trade war.<\/p>\n

\"Nikkei<\/p>\n

India is more on the periphery of current trade disputes, with the Nifty continuing its advance toward a target of 12,000.<\/p>\n

\"Nifty\"<\/p>\n

In Europe, Dow Jones Euro Stoxx 600 continues to reflect uncertainty, with long-term consolidation below 400. Breakout would signal a fresh advance but don’t hold your breath. It could take a while.<\/p>\n

\"Dow<\/p>\n

The Footsie is retracing to test support at 7500 but respect is likely and would offer a target of 8000.<\/p>\n

\"FTSE<\/p>\n

North America clearly leads the global recovery, while Asia lags. Europe is sandwiched in the middle, with potential loss of trade in the East and West if a trade war erupts.<\/p>\n

Thucydides<\/a> once wrote “When one great power threatens to displace another, war is almost always the result.” In his day it was Athens and Sparta but in the modern era, war between great powers, with mutually assured destruction (MAD), is most unlikely. What we are witnessing is negotiation to define rules for peaceful coexistence in the 21st century. A lack of clear rules increases the risk of miscalculation and rapid escalation to a hard conflict. <\/p>\n

Absent the willingness to use military force, the country with the greatest economic power is in the strongest position to set the rules.<\/p>\n

War is a matter not so much of arms as of money.<\/p>\n

~ Thucydides (460 – 400 B.C.)<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

The S&P 500 is testing its January high at 2870. A rising Trend Index indicates buying pressure. Follow-through is likely to test resistance at 3000. A monthly chart of the NASDAQ 100 illustrates tech stock strength, with a rally from 4500 to 7500 in just two years. Breakout above medium-term resistance at 7500 is more … <\/p>\n

Continue reading “East to West: US rallies, China falls”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41,12,17,57,29,33,34],"tags":[],"class_list":["post-16894","post","type-post","status-publish","format-standard","hentry","category-china-hk","category-india-singapore-countries-regions","category-japan-korea","category-stock-markets","category-the-big-picture","category-uk-europe-countries-regions","category-us-canada-countries-regions"],"yoast_head":"\nEast to West: US rallies, China falls - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"East to West: US rallies, China falls - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The S&P 500 is testing its January high at 2870. A rising Trend Index indicates buying pressure. Follow-through is likely to test resistance at 3000. A monthly chart of the NASDAQ 100 illustrates tech stock strength, with a rally from 4500 to 7500 in just two years. 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The country confronts the challenge of another pandemic outbreak but is benefiting from rising commodity export prices. Pandemic Outbreak Daily\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7533,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/23\/nikkei-and-asx-200-rally-while-china-europe-weaken\/","url_meta":{"origin":16894,"position":1},"title":"Nikkei and ASX 200 rally, while China & Europe weaken","author":"ColinTwiggs","date":"April 23, 2013","format":false,"excerpt":"Respect of support at 1540 and the bottom trend channel indicates a S&P 500 rally to test 1600 and the upper channel line. 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Bond ETFs continue to fall, signaling rising long-term interest rates. Australian REITs\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ASX 200","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-03-25-xjo.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-03-25-xjo.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-03-25-xjo.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-03-25-xjo.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":28017,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/09\/25\/asx-energy-rallies-while-gold-metals-break-support\/","url_meta":{"origin":16894,"position":3},"title":"ASX Energy rallies while Gold & Metals break support","author":"Colin Twiggs","date":"September 25, 2021","format":false,"excerpt":"The ASX 200 is undergoing a correction to test support at 7000, signaled by breach of the rising trendline. Trend Index above zero and short candles with longish tails indicate plenty of support. Respect of 7000 is likely. COVID-19 Headwinds from COVID continue, with weekly cases still close to their\u2026","rel":"","context":"In "Aussie dollar"","block_context":{"text":"Aussie dollar","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/aussie-dollar\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29064,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/11\/19\/asx-growing-cautious\/","url_meta":{"origin":16894,"position":4},"title":"ASX growing cautious","author":"Colin Twiggs","date":"November 19, 2021","format":false,"excerpt":"We use daily charts again this week, dividing charts into three categories: Bull Trends, Bear Trends, and Consolidation\/Reversals. The ASX 200 is testing resistance at 7470. Rising Trend Index (13-day) indicates short-term buying pressure. Breakout is more likely and would signal another test of 7600. Breach of support at 7300\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ASX 200","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-11-19-xjo.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-11-19-xjo.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-11-19-xjo.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-11-19-xjo.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":27213,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/08\/06\/asx-bull-stampede\/","url_meta":{"origin":16894,"position":5},"title":"ASX bull stampede","author":"Colin Twiggs","date":"August 6, 2021","format":false,"excerpt":"The ASX 200 rallied this week despite a sharp fall in iron ore prices and a third wave in the pandemic. Rising Trend Index troughs above zero signal strong buying pressure. Third Wave Daily new COVID-19 cases continue to climb. Failure to halt the rise would cause a significant contraction\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=16894"}],"version-history":[{"count":2,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16894\/revisions"}],"predecessor-version":[{"id":16896,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16894\/revisions\/16896"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=16894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=16894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=16894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}