The macro data from this month's Markit PMI's is sending a bit of mixing signals from the countries that VWO has the most exposure to, but I am still optimistic as to the near-future performance of the emerging markets. Before going into the macro analysis, whats the market allocation of this ETF. The 80% market allocation is the following: - China -> 42.5% -...
After a nice climb TSM has pulled back and looks to be breaking from this descending channel. Entry over recent high shown here will confirm a breakout.
A beautiful index to follow. Neutral at the moment but a must-keep in your radar
After consolidating for 2 months, this semiconductor powerhouse finally broke out to new all-time-highs from its rectangle yesterday. With most tech stocks still recovering from the correction of the last 2 weeks, such a move signals strong underlying momentum. TSMC counts the world’s biggest tech companies as its customers - Apple, Intel, AMD, Nvidia, Qualcomm,...
1 in 10 people fly with this Airlines? (in the USA 35/330 million?) In a lot of ways this airlines "alaska" is the future of the "middle class" airlines? At first I was very impressed by the statistics for Alaska Airlines wikipedia page. But then I realized that whats important is where someone flys to now how many people. It seems that Alaska's general...
The chart above displays a clear breakout to the upside from a 8 month long symmetrical triangle pattern. The question now is where is this going? what could be a potential target? Every time I open this chart blank I see something new. Based on different types of analyses below are 3 possible targets. Option 1: Inverse Head and Shoulders Option 2: Fibonacci...
The Taiwan stock market is trading on a very standard long term 1M Channel Up which is currently neutral close to its median (RSI = 50.364). We see a very reliable buy signal pattern. Each Golden Cross (MA50 over MA200) has a distance of roughly 950 days from the Death Cross (opposite). The Death Cross comes to signal the end (or approaching) of the cycle's...
Trading within range becoming smaller and smaller. Volatility incredibly dropping even further.
TAIEX enjoys a positive correlation coefficient with the Shanghai Composite which has strengthened consistently over the past few months. Then if we believe that a trade deal with the US is coming then the TAIEX will surely enjoy some gains as well even especially since TAIEX greatly outperforms Shanghai Composite and Shenzhen Component. However, TAIEX RSI is well...
The already incredible low volatility of the US dollar to the Taiwan dollar somehow over the past few weeks managed to drop volatility even lower than before. The range trading has tightened further from 30.42 to 31 by a tighter range of 30.65 to 30.94. This is truly incredible, even for the foreign exchange market which has suffered (or enjoyed given your...
While RSI and Bull/Bear sentiment have edged away from clear overbought signals, we are continuing to see exponential moving averages assert their authority in suggesting the uptrend will continue. This is the case for the 'ribbon' of EMAs excluding the five day EMA which price action has dropped below. In the short-term I am a bit bullish on Taiwanese equities...
This forex pair suffers from a number of problems including manipulation, low volume, lack of interest, etc. The technicals are not on the side of those expecting divergence from these trends. Overall, expect a continuation of this sideways move.
This pair is significantly manipulated (as stated by the US Department of Treasury), lacks volume, and therefore lacks volatility. Will likely move sideways for some time to come.
It seems no one is interested with this coin? This Taiwanese/Korean Popstar owned coin have not gone anywhere but down since the start of the year. I would recommend a buy on this once downtrend channel is broken, either up or down. Personally, I would buy after price goes above 99 MA.
This could happen in unison with the Nikkei et other global markets.
After the government made many statements about "most consecutive trading days for the index to stay above 10,000", Taiwan stock market had a biggest slump of all time to go down more than 6.3% (7.3% for the futures) today. To take this 0050 ETF as an example (composed of top 50 Taiwan stocks), it had so many potential trades to take on the train of slump! Of...
USDTWD is a very low location, with a bullish divergence on daily. I'm expecting a breakout to the upside. Look to the price action for a potential small wave down before the breakout.