Do you remember that song from the 1980’s called “Turning Japanese”? Great song performed by The Vapors. I wonder if Warren Buffett has been humming that tune lately, given his recent decision to move into Japanese equities? This, after his avoiding too much exposure to Japan for many years. Berkshire Hathaway just announced that over Read More
Yen bounce suggests weakness for the Nikkei
The yen is beginning to outperform the USD. I’ve noted in the past that when the Yen rises, the Nikki stock market tends to underperform. Here’s a blog explaining that phenomenon. Below is the Yen/USD chart. Note the bounce off of support for the Yen/USD ratio. This suggests the potential for a nice rally on Read More
Sell Japan
In December (see here) I noted that I was selling my position in the Nikkei (Japan) via my position in the iShares Japanese ETF. I felt that the index had gone parabolic, and there was a certain level of support on the Yen coming into play. Recall from my prior blogs that there is generally Read More
The Nikkei has gone parabolic
On my October 5th blog I suggested that the Nikkei was in good shape for a rally. The Nikkei had just broken out of a “Phase 1” consolidation (see my book Sideways), proving that the former downtrend had ended. The index sat in the mid 16,000’s at the time. At ValueTrend, we played the breakout Read More
Japan setting up
A ascending triangle appears to be setting up on the daily chart of the iShares Japanese index chart. Signs are looking positive for a breakout past the top of the triangle. The 200 day and 50 day MA’s are sloping up, and the market broke through the 50 day recently. Momentum indicators are hooking up, including Read More
Is Japan a buy again?
In January, when the Nikkei sat at about 10,000, I blogged that it looked like the Nikkei might be a good place to be (https://www.valuetrend.ca/?p=1764). I blogged again in March and suggested that the Nikkei had more room to go (https://www.valuetrend.ca/?p=1924). The move to 15,000 was sharp and aggressive over that period. But now it Read More