The longer I’m in this business, the more I appreciate the Zen Buddhist philosophy – especially when applied to the markets. In fact, many years ago I used to attend a regular meditation group. I practiced meditation to help me develop a calmer mind for trading. The philosophy helped me deal with the neurotic behavior Read More
China breaking out
The Shanghai is breaking out again. Currently, the index sits at 3370. First target is next resistance at around 3700. From there, the way is clear all the way up to its old high of 5200. That would be pretty exciting. The index is overbought via RSI and stochastics signals. The sideways pattern since becoming Read More
Will currencies hinder your Chinese and Indian securities?
You may be aware that I have been long the Chinese and Indian markets for the latter part of 2014 – here’s one of my blogs on that call: https://www.valuetrend.ca/?p=3341 One of my clients recently asked me about the Chinese Yuan. Specifically, they wanted to know if the Yuan might be a negative, or a Read More
Opportunity in Chinese markets
The Shanghai exchange is showing some interesting technicals that suggest a buying opportunity might be approaching. There are some caveats that should be addressed before an investor should take a position in that market, however. Lets go over the technicals for this index to determine if and when we might consider taking a postion in Read More