Good morning traders. Yeah you guys knew I slept early so I woke up early:) I’d swamp you guys with more global charts ha! Don’t worry I don’t trade all But I want you guys knowing what’s happening in the big boys ponds
Very easy the 5 most important charts in the world are all making ATH or all time highs.
Notice that we are heading towards
Dow jones 25,000
That means the world is in a buy mode on all stocks based in the USA
Russell 2000 which is the entire bottom 2000 companies (representative of small cap sector) is also making new highs
The Russell 2000 Index is a small-cap stock market index of the bottom 2,000 stocks in the Russell 3000 Index. The Russell 2000 is by far the most common benchmark for mutual funds that identify themselves as “small-cap”, while the S&P 500 index is used primarily for large capitalization stocks.
So what do we essentially have? We have a strong strong market in the USA with the 10 year treasury bond yields still at all time lows despite rising interest rates
So don’t make the financial media fool you that the interest rates are rising. Even if Janet yellen hikes rates
You’re looking at 20 year lows in interest rates – the primary trend is still downtrend
For the interest rate I mean; which makes owning stocks great.
Ok so let’s now head down to the Asian indices. Wait up.
Big picture view muna Tayo. I’d also post more of these in BKK Bookaka blogletters. That’s kinda my resolution this time. I’d share you guys more global charts even if we are only trading pinas. You never know. Why not choconut
Sila Lang ba may karapatan magbukas ng interactive brokers? All is fair in love and war and charts hahaha
Asia is kinda weak. India Japan are the strongest markets in Asia.
Taiwan is still stuck below 10,000
Singapore is below their 2008 financial crisis levels. It has however started To go some 52 week new highs. Basically Singapore at least is trying to inch its way out of the rut. It broke 3000, at least that’s something
As if you needed me to tell you this ; basically PSEI is going nowhere. It’s still below 8000
Philippines went nowhere in the last 5 years. No wonder why we all prefer non index stocks and small cap basura stocks in pinas.
New Zealand was one of the strongest markets in Asia who surpassed the 2008 crisis as early as 2014 and continued its uptrend. It’s not yet making all time highs but miss New Zealand would go first to new highs than us. It’s recent top is just 7400. Watch out for this New Zealand to lead us out of our rut
Meanwhile miss Japan is doing something nice 🙂 for the. Eh very first time. Look at the 20,000 Nikkei. That isn’t just a normal high. That’s like an amazing 1990 high that will be broken for this year 2017. How wonderful is it to find 27 year breakouts Omg you gotta go to JAPAN! Miss Japan is raging hot
She tells you
(Sorry – you just can’t have this 5500 tonight.) and you’ve been getting that answer for the last 5 years. It will be a mystery when you can ever ever ever breakout
Sorry no orgasmic euphoria in Indonesia
You gotta go to Japan for that
Miss India and miss Japan is telling you (yeah you can come here) we love you too.
The entire time; you were stuck in miss Philippines?
Miss India was raging in her own world.
It gives you perspective that you gotta start working with other girls.
That’s just it. (If the goal is to advance)
Miss HK and miss Shanghai. Useless
They never even broke their 2008 crisis highs
Already some HK dude is telling you (she’s not gonna let you pass 25,000- im gonna give you advice- she’s a hard hard mode kinda girl)
And you can see how hard HK is when you go microscope too. look at every chart on smaller time frames
This is miss China — stuck at that 3,000
You wanna play in a barren land? She’s basically sleeping
If you’re just a poor soul trying to make ends meet with miss china. Holding FXI? How do you do. I say you dump her for miss India and miss Japan
We go to Australia! Still having some hard time at 6000 but at least with Australia and New Zealand ; they somehow seem to also make it up there. Maybe coz commodities are rising. We’d explain that later.
This is Australia. Mejo malapit na sya mag breakout to all time highs. The guys out there must be saying (I can’t wait for miss Australia- I feel like I’ve waited for this for a lifetime) – it’s gonna be a 2 year high and coincides with the 2008 financial crisis highs.
Strongest i like over at Europe is miss Germany and miss London.
You’d understand in a few seconds. I’d give you all the charts (max) and you can develop that eye for your miss universe
Greece is still not officially out of downtrend but it’s doing sideways and bouncing
We are seeing people picking up trash. The Greek type of trash
Italy finally found its way out of its rut. 52 week new highs for Italy hurrah
Do not mess with the dollar That’s a weekly breakout And that’s why you see Japan Australia New Zealand all breaking out too Exporters love this depreciation You’d have cheaper Japanese sushi by year end Book those flights to Japan 🙂 we should be seeing 115-120 pretty soon
I say we go hit those 115 and break that and go 121 for the usdjpy this year You gotta go to miss Japan Buy dollars Sell Japanese yen
Amp Up the positive carry trade 🙂
Japanese bull market
I’m gonna check on best stocks in Japan
Some easy ones. Long the dollar yen and pairs
Argentina Brazil Mexico and Canada
They’d give you super wonderful days
You know where the money is 🙂
Catch me over as @bookaka
Go to http://www.bookaka.com where we discuss Philippine markets intensively even as we know that Philippines is in a hot mess