• 4 days The Million-Dollar Question: Will China Bail Out Evergrande?
  • 6 days 3 Restaurant Stocks In Full Recovery Mode
  • 6 days Bitcoin Is Driven By Testosterone
  • 11 days Quantum Computing Is The Newest Megatrend In Silicon Valley
  • 12 days How To Invest In The Cybersecurity Boom
  • 14 days Investors Are Patient With Unprofitable Giants
  • 16 days Wells Fargo Back In The Scandal Spotlight Once Again
  • 18 days 5 Stocks To Keep A Close Eye On This Year
  • 19 days As Auto Giants Flail, Look To Chip Stocks For Gains
  • 20 days Central America Is Ready For The Bitcoin Hustle
  • 22 days China’s Video Game Restrictions Unlikely To Slow Down Booming Industry
  • 23 days Top Performing Stocks As Inflation Fears Grow
  • 24 days US Airline Stocks Take A Beating On New EU Restrictions
  • 25 days This IPO Could Open Sustainable Fashion Floodgates
  • 26 days Crypto Crime Nets Another $2B Fraudster
  • 28 days This Week’s Hottest Meme Stocks
  • 29 days Why World Markets Should Be Watching Germany Closely
  • 31 days Could ‘Cultured’ Meat Rival The Plant-Based Megatrend?
  • 33 days ‘Easy Money’: Crypto Is Still Attracting Newbie Investors
  • 35 days Foreign Syndicates May Have Stolen Up To $400B In COVID Benefits
Jes Black

Jes Black

Jes Black, hedge fund manager at Black Flag Capital Partners, specializes in foreign exchange and global macro trends. Prior to organizing the fund he helped…

Contact Author

  1. Home
  2. Markets
  3. Other

Global Stock Markets Point to Further Gains Ahead...

The bullish resolution we were looking for in stocks last week came to pass with the S&P 500 rising above the March 2002 peak to a high of 1184. Our target level of 1245 is likely to be reached by the end of this year, but we now anticipate a large correction ahead of the next up leg.

Subscribers got a free peak into our newly launched service ETF Global Research where we cover fifteen foreign stock markets and their exchange rates to help US investors better understand these markets. Non members can also access our first report for free at http://www.fxmoneytrends.com/ETFproducts.htm

Interestingly, nearly every market we examined from the local exchange to the US based ETF showed a price target about 10% higher than current levels. Moreover, looking at the relative strength between the Nasdaq and the Dow it appears that the Nasdaq will outperform the Dow and rally back to its 2001 and 2002 double top at 0.21. The relative strength between high yield funds and the 10-year note also shows that the ratio is headed higher in the months ahead, which should mean that economic prospects remain favorable at least until the end of this year.

In addition, if the Nasdaq is set to outperform then one of our favorite long positions in Taiwan iShares EWT should rally in kind as shares like Taiwan semiconductors and United Microelectronics make up a combined 18% of the fund. As subscribers to our first issue of ETF Global Research Weekly know, we expect Taiwan to move substantially higher over the coming months.

Recent Testimonial for FX Money Trends: "I find FX Money Trends' work extremely helpful. As a macro hedge fund manager I base my success on ideas generated both internally and through external research services: FX Money Trends and its founder Jes Black constantly provide ideas which are based both on very clever fundamental and technical analysis and research. FX Money Trend's intellectual independence makes their ideas precious, never obvious nor "late." - Francesco Clarelli, Italy.

Back to homepage

Leave a comment

Leave a comment