Nikkei technical preview March 16, 2015

Fresh 15-year highs for NIKKEI on weak JPY (helping exports) and huge liquidity provision by central banks around the world. The short-term trend is up as long as NIKKEI trades higher than 18.800. The impressive rally from the January low (16.600) has created overbought market conditions, but 20.000 is the major upside target for the […]

Nikkei update March 2, 2015

NIKKEI on a fresh 15-year high on weaker JPY (helping exports) and China’s interest rate cut (lifting risk appetite). The short-term trend is up as long as NIKKEI trades higher than 18.500. Dips should be bought, but the impressive non-stop rise from the January low (16.600) has created overbought market conditions. A retest of the […]