Global Equity Strategy: Neutral Outlook Intact, Japan and Global Tech Are Bright Spots.

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Japan Shorts - Big Covering in Consumer Staples

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<p><a href="https://www.smartkarma.com/entities/nikkei-225" target="_blank" rel="noopener" data-smartkarma-citation="entities:22909:1">Nikkei 225 (NKY INDEX)</a> has been a top performer but the rise is now extended at 23,000 resistance with a topping RSI pattern as divergence brews. We see current levels as an opportunity to reduce long exposure and look to re set on a pullback with support near the September highs where price and trendline support coincide.</p><p>USD/JPY is boxed in a 107.50 to 109.10 near term range as a rising wedge takes shape. Duality stems from a weaker DXY (that is nearing a tactical low) and risk on support for the USD/JPY. A US equity rally pause would weigh on this cross.</p>

Nikkei 225 (NKY INDEX) has been a top performer but the rise is now extended at 23,000 resistance with a topping RSI pattern as divergence brews. We see current levels as an opportunity to reduce long exposure and look to re set on a pullback with support near the September highs where price and trendline support coincide.USD/JPY is boxed in a 107.50 to 109.10 near term range as a rising wedge takes shape. Duality stems from a weaker DXY (that is nearing a tactical low) and risk on support for the USD/JPY. A US equity rally pause would weigh on this cross.

Nikkei 225

Nikkei Rally Pause - Fresh Buy Support