It is normal that we tend to look at our neighbours garden and think how pretty the lawn is and the neat rows of flowers they have. Sometimes, we over focus on outside of our own markets and neglect what's nearer to us.
In this case, we made the assumption that just because US is a big market, we should give it more attention and in doing so, we blind ourselves to the opportunities that are nearer to us. Japan has moved way ahead of the US markets as evidenced on the charts.
The amount of economic stimulus that Prime Minister Abe is injecting into Japan is simply staggering. Read article here
It has breaks out of the resistance level at 20,603 and is moving higher towards 24,000 mark. Wait for pullback, goto smaller time frame for better price entry.
Now, there might be little or no co-relation between Nikkei 225 and DJIA but can we say, both countries are injecting trillions of dollars into their economies ?
US may be affected in the short term due to the HK saga with China and the President may have something on his sleeves that nobody knows. I am of the opinion that bringing the market down is not to his favour in view of the upcoming election.
Let's see how this week the market performs.
ملاحظة
Praise the lord. I am humbled and reminded of this great verse. Deuteronomy 29.9 - Therefore keep the words of the covenant and do them,that you may prosper in all that you do.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.