The Nikkei is trading in the same pattern that just about every other market, index, sector, group and stock have traded in on the longer term time frame. Wedge pattern on the weekly, on the verge of a breakout.
Something to watch here before the end of the week, or maybe into next week.
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how to trade it?
I use futures…/NKD.
God damn NKD burned me back in Feb 11th…. I made so much & increased my contract size 5 fold right b4 we squeezed higher. blew past my stop loss and everything.
I’m using WETF as a proxy. They’re an ETF company whose largest ETF is DXJ – A currency hedged Japanese ETF.
I give the PacRim another 5-7% under perfect conditions
China will give me another 20% easy.
Is BABA included another 20% team ?
Anyone watching or trading the precious metals here? It’s been quiet, less than half a dozen mentions about the yellow stuff or the people who dig it up in the last two weeks. Gold’s been divergent for a month, silver is at a week, and lower time frame looks like the miners broke down from their ending wedges today. Futures positioning is uber bullish…
http://imgur.com/eJfKh27
Copper breakdown. Looks like I’m gonna get knocked out of FCX barring a miracle. Haven’t had much luck with these commodity / energy plays past month or so.
Breakdown? Sounds a little extreme. Not even under this weeks lows.
Yeah both FCX and HG are right there at support. Gonna be fun to watch
It’s crazy Marc. By the way my comments about hg / FCX have nothing to do with my feeling on market. I love the market here
OA….the sentiment here is still amazing I think. You are destroying the market for people, yet they are still scared and negative. I was out of the country for 2 weeks and everyone asked me the same questions…when does this market blow up or it cant go any higher right?
A-fucking-mazing. I’m excited because nobody else is.
its unreal…20 years, never seen anything like it
Same. It’s like people feel guilty or dirty for even thinking they could use the market to make money.
Well 8 years of demonizing Wall Street and Wealth can do that I suppose
What I’m most interested in, is the move away from hedge funds, active managers, etc. Stock picking dead?
I think so….there are so many out there that it is hard to find ones that make a difference. The hedge fund industry is without question going through a huge washout. People have stopped believing that it can work…which for allot of them, it has.
In April when the NYC Pension Fund announced they were firing all Hedge Funds due to lack of performance and excessive fees the major Investment Banks were actively defending the news internally to their retail advisors…..that’s never a good sign
$ASHR on the move!
$XIN has been my litmus test of Chinese real estate. Looks pretty fucking good to me
You nailed it. Beauty of a chart.
Good sign for Leju and sfun. I’m long leju
Out TWLO +600%
Thanks OA, amazing
Hammed out NFLX…UNCLE! My takeaway is to pass on situations where Jeff and I do not concur. I prefer situations where Jeff and I concur (ie BABA).
Scratched out of BIS and made a couple nickles on UVXY.
Bought TWTR next week’s 20 calls
Bought shares in WNC
Taking TWTR to the max….all margined up.
Now that TSLA has fallen out of the spotlight perhaps now is the ideal time to buy some OTM calls. Liking the Sept 240’s.
Having best couple weeks in long time with OA inspired disciplines. Might be easier just to follow OA’s picks but where’s the sport in that?
Don’t miss SKX… DATA, CBRL, and NSR forming nice wedges. Watch SSS too for little bump.
Bought couple RH Sept 35 calls
I really like that set-up. Really.
AMAT is next…thoughts?
Semi’s still strong for sure.
$FCX $11.83 looks like a good spot to go long.