Bank Credit Weekly: Asia Outperforms a More Measured US

Morning Views Asia: CIFI Holdings, Jiangsu Kangde Xin Composite Mtrl Co, Sunac China Holdings

Bank Credit Weekly: Measured Momentum into Month-End

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

MSCI AC Asia Pacific Excluding Japan Index / Technical Analysis

MSCI AC Asia Pacific Excluding Japan Index (MXAPJ INDEX)

MSCI AC Asia Pacific Excluding Japan Index

<a href="https://www.smartkarma.com/entities/msci-ac-asia-ex-japan-index" target="_blank" data-smartkarma-citation="entities:25950:1" rel="noopener">Msci Ac Asia Ex. Japan Index (MXASJ INDEX)</a> is showing some precarious signals after the linear rise since March.Stand out chart points are the rising price wedge, pivotal trendline support and RSI non confirmation of recent index highs within a contracting pattern due for a breakout. Divergence forms when a trade becomes crowded on deteriorating breadth and buy volumes and typically slowing upside momentum. Momentum was strong until early July when indecision started to creep into price action (rising wedge).Buy volumes in core indexes in Asia have deteriorated on a lack of participation. We now face a stronger USD spill over from EM FX that will fan the flames of an initial equity breakdown. Pundits will be caught off guard on a surprise dollar spike.

Msci Ac Asia Ex. Japan Index (MXASJ INDEX) is showing some precarious signals after the linear rise since March.Stand out chart points are the rising price wedge, pivotal trendline support and RSI non confirmation of recent index highs within a contracting pattern due for a breakout. Divergence forms when a trade becomes crowded on deteriorating breadth and buy volumes and typically slowing upside momentum. Momentum was strong until early July when indecision started to creep into price action (rising wedge).Buy volumes in core indexes in Asia have deteriorated on a lack of participation. We now face a stronger USD spill over from EM FX that will fan the flames of an initial equity breakdown. Pundits will be caught off guard on a surprise dollar spike.

MSCIアジア（日本を除く）の警告/弱気シグナル