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Greg Troccoli

Greg Troccoli

Greg created The Chart Lab to deliver timely, actionable and unique Technical Research to both the professional and individual investor. Unlike most services, our research…

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Two Global Markets showing Intermediate Strength

JGB Chart

Intermediate Trend (3 months): Positive
Friday's Close: 14182 A (- 1)
UPDATE: At the end of March we noted, "The MACD may be signaling a buy".
At that time, it was considered a conflicting signal because the longer termMoving Average Line was still in a negative sloping posture. Regardless, thefollowing week the Tsunami occurred, causing Stocks to crash, and creating anear term flight to quality (buying) into the JGB (another example of Technical'sleading the Fundamentals- being considerate of how awful the fundamental reasonwas at the time). To date the MACD remains positive,as does the slope of the (red) M.A. Line. To date, the JGB is tradingat its highest level since November 2010, ever inching higher.

CME Chart

CME- NIKKEI - (Cash) Weekly
Intermediate Trend (3 months): Positive
Friday's Close: 9,870

UPDATE: The second week of February, the value of the Nikkei came within a mere 70 points of our proprietary resistance level at 10,950. Resistance held firm, and as a result of the Tsunami, three weeks later, the market hit a vacuum, and then proceeded to test support at the low end of the broad sideways channel. In light of this, an immediate bounce occurred; four months later the Nikkei had rallied 1700 points from its lows, placing the market at the mid- point of the channel. Overall, the slope of the M.A. line is negative, resistance around 10000 region remains in play as trading range last 5 weeks is intact.


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