good evening everyone,
this blog will be reactivitated soon when i start my journey as a dealer...
in the mean time,
Short term picture for the markets is bearish, but the mid term is showing signs of stabalizing.
nikkei is showing more resilience which is a good sign that we are likely in a bullish retracement.
commodities rally is likely in the overdue stage and retracement will start to set in more aggressively, so place caution on commodities related counters as they are generally near exhaution.
if this retracement set in nicely, it will be a booster to equities as money move out from bonds into theme plays like china related counters. reason? margin reversal will give companies a pleasent surprise considering the accelerated inflation in emerging counteries.
i will be back soon, in the mean time, enjoy
Heiwa.
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