• 480 days Will The ECB Continue To Hike Rates?
  • 480 days Forbes: Aramco Remains Largest Company In The Middle East
  • 482 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 882 days Could Crypto Overtake Traditional Investment?
  • 887 days Americans Still Quitting Jobs At Record Pace
  • 889 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 892 days Is The Dollar Too Strong?
  • 892 days Big Tech Disappoints Investors on Earnings Calls
  • 893 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 895 days China Is Quietly Trying To Distance Itself From Russia
  • 895 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 899 days Crypto Investors Won Big In 2021
  • 899 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 900 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 902 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 903 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 906 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 907 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 907 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 909 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Last Comment On Japan (for now)

I promise that for now, this is the last time I will comment on the Japanese stock market. I only feel the need to scream from the rooftops on this one because I am not seeing anyone else commenting on it, and I believe it is HUGELY important. The third (?) largest economy in the world is demonstrating conditions ripe for a stock market meltdown.

Here is my Elliott wave count on the Nikkei Japanese stock market ($NIKK), with all its bearish implications. Following is a 37.5 month weekly candlestick chart thru Friday's close with my thoughts:

Nikkei

We're not just below the recent October fall lows, we're looking at a crash-type scenario in the Japanese stock market. How this happens in a globally interconnected market without a strong move to the downside in Europe and the USA is beyond me. My subscribers and I have been short emerging markets and remain so for now. Soon, we will be looking to buy into the precious metals sector for a bull trade, but for now it is "batten down the hatches" time.

 


If you're interested in trying to trade these dangerous markets, consider my low cost subscription service. If not, my advice is to buy physical Gold and sleep soundly.

 

Back to homepage

Leave a comment

Leave a comment