A choppy session in Asia saw the Nikkei open strong but close almost unchanged while HSI and Shanghai spent the majority of the day negative only to close small positive. Focus remains on oil, currency as the JPY remains around the 110 handle, continued disappointing data and todays G7 meeting. China set the mid-point at […]

QUESTION: Mr. Armstrong, what do you think the British will do? Stay or go? Will you be here for the vote? ANSWER: I will be there. It looks more like urgent meetings forming after the vote; not before. I would say that the odds of a BREXIT vote to leave are not looking good. It […]

COMMENT: Marty, I used your model as you have taught us. I sold the euro at 116 with a stop loss at 11705. I sold gold at 1305 with a stop above last year’s high. I can afford to buy seats at the WEC for my wife and son. Will you scream loud when it […]

It was debated at length today whether the Nikkei leads JPY or the yen leads the stock market! Either way we saw cash equities lose 0.9% today whilst the Yen rallied 0.6% only to lose that after the cash close. In late US trading we are looking at 110 handle but the Nikkei futures have […]

QUESTION: Dear Martin, First of all, thank you for your daily blogs. First thing I read every morning. I can’t wait to attend Novembers Orlando conference. My question is about the inverse relationship of Gold(precious metals) and the Dollar. Looking at historical charts it would suggest that we may continue to see a price decrease in […]

You could say that Japan has had more than fair share of poor data lately but sadly it continued today after a larger than expected trade data and a further contraction in its (Manufacturing) Purchasing Managers Index. This resulted in an initial 2% decline in the Nikkei in the morning session but only to see a […]

The market seems happy that the JPY trades comfortable north of 110 as we saw a small 0.5% gain in the Nikkei today. Hang Seng performed better closing up over 1%. with Shanghai also closing near its highs. A quiet session to close the week but at least on a positive note. A quiet but […]

The Dow does not need to break last year’s low, as that was accomplished in the NASDAQ and S&P 500. Nothing has changed there. The entire interest rate issue has far too many people brainwashed. No doubt, they would initially sell. However, the market will rise with higher interest rates as it has always done. […]

Interesting that both the Nikkei and Shanghai closed almost unchanged following a similar trading pattern today but the Hang Seng really could not even attempt break-even, closing down 0.6% on the day. The JPY closed above the bullish reversal but we have a large gap to wait for the weekly. In late US trading the […]

The first Minor Weekly Bearish Reversal in the Dow lies at 17434. A closing beneath this for the week will confirm what already appears to be in motion after electing three Daily Bearish Reversals. The next critical area is 17120, which happens to be a Daily and Weekly Bearish Reversal. This is the primary support. […]