Will the Nikkei Stock Average take a “small pause” like Jones industrial average at Trump market?

pepperminting / Pixabay

Jones industrial average on November 16th finished at $ 18868.14, which was 54.92 (0.3%) lower than that on the precious day. Jones industrial average suddenly rises too much. The stock prices continued to rise for 7 consecutive business days in a row. I think that selling adjustment of the profit fixing was once happened to the bank-related stock prices which had been rapidly rising.

【S&P 500 Retreats as Post-Election Rally Shows Signs of Fatigue】
http://www.bloomberg.com/news/articles/2016-11-16/u-s-index-futures-little-changed-as-investors-assess-trump-gain

The probability that the rise of t today’s Nikkei Stock Average will also be adjusted like that of Jones industrial average

In a daily chart, Jones industrial average has a negative line, but the upward trend will continue still. Although Jones industrial average fell compared to that of the previous day, it has received the support of the rise by the 5-day moving average line. Also, the 50-day moving average line and the 75-day moving average line seem to be golden-crossed. I think that selling adjustment will happen once for Jones industrial average, but there is a high possibility that it will continue to rise.

It is highly likely that the Nikkei Stock Average on November 17th will be pushed down by selling adjustment. Like the American market, the stock prices of the bank might decline. We also need to pay close attention to selling adjustment of the stock prices of export related companies. The exchange rate has fluctuated to the dollar depreciation against the yen at 1 dollar = 108 yen level.

Next investor’s attention is on interest rate hike in December.

In this week, I guess that Jones industrial average will slightly fluctuate, because news about the interest rate hike in December might be reported. Let’s check the weekly investment schedule frequently. Some lectures and a congressional testimony by FRB top officials are scheduled.

Weekly Investment Schedule (November 14th ~)

Nonetheless, the expectation that the interest rate hike will be determined at the Federal Open Market Committee (FOMC) on December 13 and 14 has been already included into the world market. Even if FRB top officials imply the interest rate hike in December, the impact to the world market is considered to be limited.

【WSJ Survey: Most Economists See Fed Raising Rates in December, In Wake of Trump’s Election】
http://jp.wsj.com/articles/SB10043214266851864327604582436430543411506

We should continue to focus on changes of investor’s sentiment and stock price fluctuations.

Caution
The contents of this blog are written based on the personal opinions about Dow Jones industrial average, the Nikkei Stock Average, and the sentiment of short-term investors, medium-term investors, and long-term investors. With respect to the loss caused by investment based on the contents of the blog, I do not take any responsibility.

Thank you,

k-zma

Nikkei Stock Average supported by depreciated yen @ Trump market.

geralt / Pixabay

The Nikkei Stock Average on November 16 finished at 17,862.21 yen, which was 194.6 yen(1.1%) higher than that on the previous day. There were two factors of the rise of the Nikkei Stock Average.

1. As the American interest rate rose, the exchange rate fell to the yen against the dollar and the stock price of export related companies rose.
2. As the long-term interest rate in Japan rose, the stock prices of banks rose.

【Asian Shares: Japanese Banks Rise Sharply】
http://www.wsj.com/articles/asian-shares-japanese-banks-rise-sharply-1479265191

How long will the yen’s depreciation against the dollar continue?

As for the exchange rate, 1 dollar = 110 yen has come into view. However, you should not forget that the next American president Trump might insist on “dollar depreciation”. Actually, Trump tried to insist on “dollar depreciation” in the television debate of the American presidential election. When “the yen appreciates the dollar weak” remarks, I think that the exchange rate will fluctuate to the dollar depreciation against the yen at a stretch.

Mechanism of the yen depreciation against the dollar @ Trump market.

The mechanism of the yen depreciation against the dollar in the Trump market is as follows.

1. Trump politic leads to tax cut & infrastructure investment.
2. As issuance of government bonds in the US is expected, interest rates are rising.
3. Meanwhile, the bank of Japan will continue the zero interest rate policy with the adjustment of the yield curve.
4. The difference of interest rates between the US and Japan will expand.
5. As selling the yen and buying the dollar proceeds, the exchange rate fluctuates to the yen depreciated against the dollar.

Attention is required to how far this mechanism continues. We do not know when Mr. Trump will refer to “dollar depreciation” policy.

The rise of the Nikkei Stock Average is caused by the rise of the mega bank’s stock price.

The trading value of the first section of the Tokyo Stock Exchange is estimated 2.856 trillion yen, which is approaching to 3 trillion yen, which can be said as a standard for large trading. The momentum of the rise of the Nikkei Stock Average is very strong. Especially, the momentum of the stock price rise of the banks is remarkable. In a trading price ranking, the 1st place is Mitsubishi UFJ, the 2nd place is Mitsui Sumitomo, and the 3rd place is Mizuho. It can be said that the stock price rise of the banks pushed up the Nikkei Stock Average.

Caution
The contents of this blog are written based on the personal opinions about Dow Jones industrial average, the Nikkei Stock Average, and the sentiment of short-term investors, medium-term investors, and long-term investors. With respect to the loss caused by investment based on the contents of the blog, I do not take any responsibility.

Thank you,

k-zma

Crude oil price boost! Trump game continues!

WikiImages / Pixabay

Jones industrial average on November 15th finished at $ 18923.06, which was $ 54.37(0.3%) higher than that on the previous day. Record highs on a closing price basis are updated for 4 consecutive business days in a row. The main factors of the rise of Jones industrial average are the following two points.

1. Continuation of Trump effect due to high expectations for Trump’s plans.
2. Investor’s expectation for oil production reduction agreement on OPEC.

【Torrent of Cash Flowing to U.S. Stocks Abandons Lockstep Moves】
http://www.bloomberg.com/news/articles/2016-11-15/s-p-500-futures-inch-ahead-as-investors-speculate-on-trump-plans

【Oil Jumps Most in Seven Months as OPEC Members Seen Pushing Deal】
http://www.bloomberg.com/news/articles/2016-11-15/oil-rebounds-from-8-week-low-as-opec-said-to-work-to-secure-deal

What we need pay attention to is the investor’s expectation for the OPEC reduction production agreement. The news on production reduction agreement has been running for the past 6 months, but it is so uncertain. Special care is required for concerning factors that are uncertain and easily affect stock prices.

Trump plans ongoing acclaimed!

Today’s Nikkei average stock price is likely to rise as well. Following the rise of Jones industrial average, the Nikkei Stock Average futures CME (yen denominated) also finished at 17,900 yen. And also, the exchange rate fluctuates to the yen depreciation against the dollar. If the dollar keeps 109 yen while Japanese markets open, it will be a strong boost to the rise of the Nikkei Stock Average.

【Dollar Extends Post-Election Advance Versus Yen on Retail Sales】
http://www.bloomberg.com/news/articles/2016-11-15/dollar-falls-from-5-month-high-versus-yen-on-view-gain-too-fast

Next investor’s attention is on interest rate hike in December.

In this week, I guess that Jones industrial average will slightly fluctuate, because news about the interest rate hike in December might be reported. Let’s check the weekly investment schedule frequently. Some lectures and a congressional testimony by FRB top officials are scheduled.

Weekly Investment Schedule (November 14th ~)

Nonetheless, the expectation that the interest rate hike will be determined at the Federal Open Market Committee (FOMC) on December 13 and 14 has been already included into the world market. Even if FRB top officials imply the interest rate hike in December, the impact to the world market is considered to be limited.

【WSJ Survey: Most Economists See Fed Raising Rates in December, In Wake of Trump’s Election】
http://jp.wsj.com/articles/SB10043214266851864327604582436430543411506

We should continue to focus on changes of investor’s sentiment and stock price fluctuations.

Caution
The contents of this blog are written based on the personal opinions about Dow Jones industrial average, the Nikkei Stock Average, and the sentiment of short-term investors, medium-term investors, and long-term investors. With respect to the loss caused by investment based on the contents of the blog, I do not take any responsibility.

Thank you,

k-zma

The Nikkei Stock Average supported by Trump effect.

geralt / Pixabay

The Nikkei Stock Average on November 15 finishted at 17,768.15 yen, which was 4.47 yen(0.03%) lower than that on the previous day. It can be said that the momentum of the rise of the Nikkei Stock Average and the pressure of the selling- adjustment were balanced. The trading value was estimated 2,586.8 billion yen. Still, the momentum of the rise of the Nikkei Stock Average is really strong.

The momentum of the rise in stock price is due to the rise of megabank stock prices. The rise in the American interest rates due to Trump politic has led to the rise of the megabank stock prices. The final profit decline of the three megabanks did not significantly affect investor’s sentiment.

The reason for the adjustment selling is that the dollar depreciated against the yen in the exchange rate. I think that correction to the depreciation of the yen had occurred.

Recently, the Nikkei Stock Average is suddenly rising, and in the exchange rate the yen plummets too much. The Nikkei Average stock price today and the exchange rate seemed to take a “small pause”.

The Nikkei Stock Average take a small pause, but the momentum of the rise continues.

In the daily chart, the Nikkei Stock Average was placing a cross line. Generally, it is said that the cross line represents “an unsettled mood”, by which we can’t know whether the stock price will rise or fall. However, if you look at the movement of the Nikkei Stock Average so far, the cross line in this case is highly likely to be an adjustment sign for a sharp rise of the Nikkei Stock Average. Unless something big happens, I think that the Nikkei Stock Average will rise again, waiting for the 5-day moving average line to come closer.

Next investor’s attention is on interest rate hike in December.

In this week, I guess that Jones industrial average will slightly fluctuate, because news about the interest rate hike in December might be reported. Let’s check the weekly investment schedule frequently. Some lectures and a congressional testimony by FRB top officials are scheduled.

Weekly Investment Schedule (November 14th ~)

Nonetheless, the expectation that the interest rate hike will be determined at the Federal Open Market Committee (FOMC) on December 13 and 14 has been already included into the world market. Even if FRB top officials imply the interest rate hike in December, the impact to the world market is considered to be limited.

【WSJ Survey: Most Economists See Fed Raising Rates in December, In Wake of Trump’s Election】
http://jp.wsj.com/articles/SB10043214266851864327604582436430543411506

We should continue to focus on changes of investor’s sentiment and stock price fluctuations.

Caution
The contents of this blog are written based on the personal opinions about Dow Jones industrial average, the Nikkei Stock Average, and the sentiment of short-term investors, medium-term investors, and long-term investors. With respect to the loss caused by investment based on the contents of the blog, I do not take any responsibility.

Thank you,

k-zma

Even crude oil price & observation of interest rate hike are not matter of Jones industrial average rise.

rewind / Pixabay

Jones industrial average on November 14th finished at $ 18868.69, which was $ 21.03(0.1%)higher than that on November 11th. The momentum of the rise in Jones industrial average weakened a little due to selling adjustment. As expected, the decline of the crude oil price (WTI crude futures price) called for the selling adjustment.

Trump effect still lasts!

【Bond Rout Eats Into the One Remaining Valuation Case for Stocks】
http://www.bloomberg.com/news/articles/2016-11-14/bond-rout-eats-into-the-one-remaining-valuation-case-for-stocks

【Oil Recovers From Eight-Week Low as OPEC Diplomats Work Overtime】
http://www.bloomberg.com/news/articles/2016-11-14/oil-holds-losses-near-seven-week-low-as-iran-lifts-production

Next investor’s attention is on interest rate hike in December.

In this week, I guess that Jones industrial average will slightly fluctuate, because news about the interest rate hike in December might be reported. Let’s check the weekly investment schedule frequently. Some lectures and a congressional testimony by FRB top officials are scheduled.

Weekly Investment Schedule (November 14th ~)

Nonetheless, the expectation that the interest rate hike will be determined at the Federal Open Market Committee (FOMC) on December 13 and 14 has been already included into the world market. Even if FRB top officials imply the interest rate hike in December, the impact to the world market is considered to be limited.

【WSJ Survey: Most Economists See Fed Raising Rates in December, In Wake of Trump’s Election】
http://jp.wsj.com/articles/SB10043214266851864327604582436430543411506

We should continue to focus on changes of investor’s sentiment and stock price fluctuations.

Caution
The contents of this blog are written based on the personal opinions about Dow Jones industrial average, the Nikkei Stock Average, and the sentiment of short-term investors, medium-term investors, and long-term investors. With respect to the loss caused by investment based on the contents of the blog, I do not take any responsibility.

Thank you,

k-zma

Trump effect still lasts!

geralt / Pixabay

Jones industrial average on November 11th finished at $ 18847.66, which was $ 39.78 (0.2%) higher than that on November 10th. Mainly, stock prices of financial affiliates rose. There are two factors of the rise of the stock prices.

1.Stock prices of financial affiliates, such as banks and securities, rose due to expectations for easing the American financial regulation (elimination of the Dodd-Frank Act).
2.Insurance-related stock price rose as long-term interest rates in the US rose.

【S&P 500 Halts Rally, Small Caps Surge as Election Winners Sought】
http://www.bloomberg.com/news/articles/2016-11-11/s-p-500-futures-fall-as-trump-policies-in-focus-apple-retreats

Will Jones industrial average be selling-adjusted?

I expect that Jones industrial average to be sell-adjusted. In charts, Jones industrial average has gone up too suddenly. Jones industrial average has risen sharply, largely separating the 5-day moving average line. Selling adjustment will reduce the difference between Jones industrial average and the 5-day moving average line. As a factor of selling adjustment, the decline in crude oil prices(WTI crude oil futures) is raised.

【Oil Falls to Eight-Week Low as OPEC Output Gain Threatens Accord】
http://www.bloomberg.com/news/articles/2016-11-10/oil-falls-as-pressure-builds-on-opec-to-act-amid-growth-forecast

Don’t take care of “Demo” against Trump and Park

As a factor of the selling adjustment, there are also protest demonstrations to the next American president Trump and Korean president Park. However, I think that it will be a quite limited selling adjustment factor as long as I see the impact of the demo after Brexit.

[Protests Against Donald Trump Spread Across the U.S.]
http://jp.wsj.com/articles/SB11842517604067003472604582427372220372612

【South Korea’s Clintonian Scandal】
http://jp.wsj.com/articles/SB11002196903013144810404582409321543410202

Mid-term and long-term investors seem to be returning to Japanese markets by Trump effect

The Nikkei Stock Average finished at 17,772.62 yen, which was 297.83 yen(1.7%) higher than that on the last weekend. The factors of the rise in the Nikkei Stock Average are the following two points.

1.The yen weakened against the dollar in the exchange rate as interest rates in the United States rose by the expectation of Trump politic.
2.Preliminary figures for Gross Domestic Product (GDP) exceeded the expectation of investors.

The trading value was estimated 2,649.9 billion yen. Trading is getting exciting, following the momentum of the rise of the Nikkei Stock Average since last weekend. This momentum is really strong.

Thanks for Trump effect! The reise of the Nikkei Stock Average is real!

Even in charts, the Nikkei Stock Average has strong signs to rise. The following are the signs of the rise of the Nikkei Stock Average.

○The signs of the rises of the Nikkei Stock Average
・The 5-day moving average line and the 25-day moving average line are golden-crossed.
・The 13- week moving average line and the 52-week moving average line are golden-crossed.
・The 200-day moving average line is coming upward.

Because the Nikkei Stock Average has been suddenly rising, I think that the Nikkei Stock Average slightly declined by selling-adjustment this week. It seems to be a big chance whether you can successfully set a long position when the stock price has declined.

Caution
The contents of this blog are written based on the personal opinions about Dow Jones industrial average, the Nikkei Stock Average, and the sentiment of short-term investors, medium-term investors, and long-term investors. With respect to the loss caused by investment based on the contents of the blog, I do not take any responsibility.

Thank you,

k-zma

Weekly Investment Schedule (November 14th ~)

Unsplash / Pixabay

Weekly investment schedule is presented below.

Special Events.

There are some events where FRB top officials comment on interest rate hike in December. The news about the interest rate hike in December should be paid attention. Investor’s interest has been concentrated on next American president Trump’s politic too much. I think that the news on the rate hike in December will affect investor’s sentiment to a greater or lesser extent.

Special attention is required for the following events.

○Schedule of events that the FRB top officials are expected to comment on the interest rate hike in December.

15th:Lecture by FRB vice-chairman Fischer and FRB governor Tarullo.
17th:Congressional testimony by FRB chairman Yellen and lecture by FRB governor Brainard.
18th:Lecture by FRB governor Powell.

By the news about next American president Trump’s politic, long-term interest rates in the US have been already rising. It is noteworthy whether there will be a interest rate hike in December.

Below are the details of the investment schedule.

14th (Monday)

Japan:GDP preliminary figures (July-September period).
Japan:Lecture and press conference by Kuroda, who is the president in Bank of Japan.
Japan:Profit announcement (April-September):3 postal companies, Mizuho, Dai-ichi Life, Mitsubishi UFJ, Mitsui Sumitomo FG, AIFUL, Sumitomo Realty & Development.
China:Industrial output and retail sales (October).
EU:Euro zone industrial production (September).

15th (Tuesday)

Japan:Condominium market trend in Tokyo metropolitan area and Kinki Region (October).
EU:Euro zone trade balance (September).
EU:GDP preliminary figures (July-September).
Germany:ZEW Economic forecast preliminary figures (November).
United States:Retail sales, import and export price index (October).
United States:Lecture by FRB vice-chairman Fischer and FRB governor Tarullo.

16th (Wednesday)

Japan:Number of foreign visitors to Japan (October).
UK:Unemployment rate (July-September).
EU:EU Finance Ministers’ Board.
United States:Wholesale Price Index (October).
United States:Industrial production, capacity utilization rate (October).
United States:NAHB housing market index (November).

17th (Thursday)

Japan:Bidding for 20-year government bonds.
Australia:Employment Statistics (October).
EU:Euro zone consumer price index preliminary figures (October).
United States:Housing starts and consumer price index (October).
United States:Congressional testimony by FRB chairman Yellen, lecture by FRB governor Brainard.

18th (Friday)

Japan:Economic outlook (2016-17, SMBC Nikko).
Japan:Economic outlook (2016-18, Nomura Securities).
Japan:Profit announcement (April-September):SOMPO, Tokio Marine Holdings, MS & AD.
China:New city housing prices in major cities (October).
United States:Economic Leading Index Composite Index (October).
United States:Lecture by FRB governor Powell.

Caution
The contents of this blog are written based on the personal opinions. With respect to the loss caused by investment based on the contents of this blog, I do not take any responsibility.

Thank you,

k-zma

Trump effect led Jones industrial average to record!

geralt / Pixabay

Jones industrial average on November 10th finished at $ 18807.88, which was 218.19(1.2%) higher than that on the previous day. The factor of the rise of Jones industrial average was that the news on the elimination of the Financial Regulatory Reform Act (Dodd-Frank Wall Street Reform and Consumer Protection Act) by the next President Trump had improved investor’s sentiment.

【Dow Record Comes in Market Radically Polarized by Trump Victory】
http://www.bloomberg.com/news/articles/2016-11-10/u-s-index-futures-signal-more-stock-gains-on-trump-policy-bets

In charts, Jones industrial average has some signs of a very strong rise. Below are signs of the rise of Jones industrial average. I would like to measure the timing so as not to miss the rise in stock price.

○Signs of the rise of Jones industrial average
・In the daily chart, the 5-day moving average line and the 25-day moving average line are golden-crossed.
・In the weekly chart, it is highly likely that Jones industrial average will get out of the 13-week moving average line and the 26-week moving average line with entities of candlestick this weekend.
・In Ichimoku Kinko Hyo, it is highly likely that the conversion line will golden-crossed the reference line to become Sanyakukouten(three good roles).

The Nikkei Stock Average is strongly rising by Trump effect!

The Nikkei Stock Average on November 11th finished at 17,374.79 yen, which was 30.37 yen(0.18%) higher than that on the previous day. Bellow are the factors of the rise in the Nikkei Stock Average.

・Stock prices of financial affiliates such as banks and securities rose due to expectation for easing the American financial regulation (elimination of the Dodd-Frank Act).
・Insurance-related stock prices rose as long-term interest rates in the US rose.
・In the exchange rate, yen weakened against dollar as the long-term interest rate in the US rose.

The buying and selling price was estimated to be 3,615 billion yen on an approximate basis, indicating a big deal. Although the Nikkei Stock Average was lowered by the position adjustment and the sale of the profit fixing due to the weekend, the momentum of the rise of the Nikkei Stock Average is very strong.

The signs of the rise of the Nikkei Stock Average has appeared.

In the daily chart, the Nikkei Stock Average has a negative line. However, in the weekly chart, the 52-week moving average line functions as a support line for the rise of the Nikkei Stock Average. In addition, the golden cross of the 13-week moving average line and the 52-week moving average line might come soon. That is why you can expect the rise of the Nikkei Stock Average.

Caution
The contents of this blog are written based on the personal opinions about Dow Jones industrial average, the Nikkei Stock Average, and the sentiment of short-term investors, medium-term investors, and long-term investors. With respect to the loss caused by investment based on the contents of the blog, I do not take any responsibility.

Thank you,

k-zma

Don’t play Trump Game!

davidsenior / Pixabay

Jones industrial average on November 9th finished at $ 18589.69, which was $ 256.95(1.4%) higher than that on the previous day. The Trump shock turned around to become the Trump game. It led to the rise of Jones industrial average.

【U.S. Stocks Surge as Banks, Drugmakers Rally Amid Trump Victory】
http://www.bloomberg.com/news/articles/2016-11-08/u-s-stock-index-futures-little-changed-as-election-results-loom

In charts, although Jones industrial average had a strong resistance at $ 18,400, it came out at once. It can be said that it is a very momentous rise, because of a lot of trading value.

Trump game started from Trump shock.

The Nikkei Stock Average on November 10th finished at 17,344.42 yen, which was 1092.88 yen(6.7%) higher than that on the previous day. The rise of today’s Nikkei Stock Average not only compensated the decline yesterday’s one, but also became the turning point of the strong rise trend. The trading value was estimated 3,412.6 billion yen. It can be said that it was a big trading after a long absence.

In charts, the Nikkei Stock Average has passed through resistance lines against its rise, such as the 5-day moving average line, the 25-day moving average line, and the 75-day moving average line. Today’s Jones industrial average on November is likely to decline due to selling adjustment, but I think that the Nikkei Stock Average will continue to keep high price.

Honestly Trump game is uncertain.

I think that it is not quite a match for now. If you look at the global market in a bird’s-eye view, you will receive a very unpleasant impression. Before the American presidential election, Jones industrial average and the Nikkei Stock Average had risen by Hillary’s superiority. So, Hillary’s loss and Trump’s win were contrary to investor ‘s expectation. The decline of the Nikkei Stock Average on November 9th reflected on the “natural reaction” of the investors. However, somehow Jones industrial average sharply increased rather than fell.

Don’t care about Trump game with one match. Seek the ability to win continuously.

In a market where such a unpleasant impression is received, you should not set any position. Even if you can win big luck with one match, you will not be able to keep winning in the market continuously, because you gained only the experience of victory that is lacking reproducibility.

Caution
The contents of this blog are written based on the personal opinions about Dow Jones industrial average, the Nikkei Stock Average, and the sentiment of short-term investors, medium-term investors, and long-term investors. With respect to the loss caused by investment based on the contents of the blog, I do not take any responsibility.

Thank you,

k-zma

Trump shock! Will Jones industrial average stop lowering at $ 17,800?

Maklay62 / Pixabay

Jones industrial average on November 8th finished at $ 73,832.74, which was $ 73.14(0.4%) higher than that on the previous day. Investors were buying into bullish, because they judged that Hillary might win in the American presidential election. However, as already reported, Trump won in the American presidential election. Pay attention whether Jones industrial average will stop lowering at $ 17,800 even in Trump shock.

【Trump Beats Clinton in Stunning Upset of Establishment】
http://www.bloomberg.com/politics/articles/2016-11-09/trump-defeats-clinton-in-stunning-upset-that-rocks-markets

By Trump shock, the Nikkei Stock Average has sharply fallen.

The Nikkei Stock Average on November 9th finished at 16,551.55 yen, which was 919.84 yen(5.4%) lower than that on the previous day. The cause of the decline of the Nikkei Stock Average was “Trump shock”. Most investors judged Clinton to be superior in the American presidential election and took a buying position. However, as the vote progressed and Trump ‘s superiority began to be reported, selling following selling had begun.

The buying and selling price was 3.920 trillion yen. It is considered that the investors who judged Clinton to be superior were selling at a stretch. It can be said that Today’s decline is very strong.

By Trump shock, the Nikkei Stock Average has entered a declining trend.

In charts, the decline in the Nikkei Stock Average is so strong. Below are the signs of declines of the Nikkei Stock Average.

○ Signs of declines of the Nikkei Stock Average
・In the daily chart, the 5-day moving average line and the 25-day moving average line become dead-crossed.
・In the daily chart, the 75-day moving averaging line and the 200-day moving average line did not function as a resistance line.
・In the weekly chart, the 13-week moving average line, the 26-week moving average line, and the 52-week moving average line did not function as a resistance line.

If the conversion line and the reference line in the Ichimoku Kinko Hyo are dead-crossed tomorrow, “Sanyakugyakuten”(the third role reversal), which is a sign of a strong stock price decline, will be formed.

Although we can expect some rebound, basically I think that the probability that the Nikkei Stock Average has entered a declining trend is so high.

Caution
The contents of this blog are written based on the personal opinions about Dow Jones industrial average, the Nikkei Stock Average, and the sentiment of short-term investors, medium-term investors, and long-term investors. With respect to the loss caused by investment based on the contents of the blog, I do not take any responsibility.

Thank you,

k-zma

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