The ticker below is
our live link to selected U.S. Markets
Click on any of the country links on the
right, to open the weekly charts and market analysis for that
country's stock exchange(s), currency, selected investment funds and
hot stocks.
Japan on the cusp
of breakout
--Selected
U.S. Markets Ticker
22nd
August:Japan
has finally broken out of resistance at 12,200. At this level, the
index has almost broken out of a long term reverse head and
shoulders with excellent volume. I would like to see it rally a bit
higher before getting euphoric. But all indications are encouraging.
Upside would be 17,000 in the medium term, say , 6 to 9 months, at a
guess. A little further confirmation would be helpful.
The regional fund
gives a bullish picture for the region. Hongkong still looks good.
Thailand appears to be bottoming. But other markets in the region
look dangerous. Philippines, Korea, Indonesia and Malaysia all look
in danger of topping. I give preference to the regional fund, which
is a very long term indicator. But we shall have to wait and see how
the individual countries pan out.
