CUrrency looks like it got rejected by resistance, should whipsaw here.... hopefully down next week. When trading foreign index ETFs like EWW, EWY, EWZ, or TUR, you gotta pay attention to the currency trade as well. The funds are NOT hedged against currency which means you're playing both the index and the currency. You can trade these ETFs to take advantage of...
THeir COVID numbers are actually going up, and KOSPI futures are obviously overbought
Korea isn't being hit by COVID at all, but they're still looking at deflation and their GDP is down.... Yet we're approaching ATH. If the market goes up next week, I'm buying some puts on Wed.
Certain advanced economy equity markets clearly losing momentum, and could be curving down: Germany's DAX, Canada's TSX, South Korea's KOSPI.
Holding all three positions long. These entries were given on my page publicly in the links below.
It's an election year. War tends to keep presidents in office. Every single president picked an enemy during reelection year. There must be allies and foes. China is the foe. Korea is the allie. You need an asian hub and manufacturing partner. You need korea.
Update for EIODO, KOSI, and THD long's given on the 28th of July.
Up 1.8%, the breakout here is clear for the EM as I called 3 weeks ago. This was assisted with Asia slowing in 2017/18. Asia looks better at this point because Asia technically slowed down before the West. !THD and !IDX are good longs and I will be taking them. 13:19:40 (UTC) Tue Jul 28, 2020
KOSPI Composite index (KOSPI) is in perfect impulse cycle in 4 hr time frame made from the bottom made in Corona Pandemic. The fifth wave is in ending diagonal structure, which should probably result in sharp decline. So stay bearish with stops above 2240 from current level as 2nd wave of A in ABC zigzag cycle. This is the perfect set up as world market also in...
Inb4 liquidity crises round 2 and deflation worse than march/april
temporary road map. change happens every day. 19 times a day. Sometimes, at night.
Sometimes, when your life is too routine and the things you are exposed to are more or less the same, you become complacent. Go to work, come home, cook dinner, play games, sleep. Repeat and rinse. In trading/investment, it can be the same as well. If you stick to your own local markets, the companies that are very familiar with (strong brand name, you are the...
KOSPI finished a five-wave move up that ended minor wave 1. If this is the case prices should follow the trend to the 1,700 level before continuing up. A move below the 1,900 will give more odds for this scenario. FOLLOW SKYLINEPRO TO GET UPDATES.
KOSPI seems to have finished minor wave 1. The next move should bring prices to the most probable level of 1663, which is 13% below current prices. After this correction the index should continue its trend up. FOLLOW SKYLINEPRO TO GET UPDATES.