Is the ASian pump finally over?

24 thg 11, 2020

Japan and Korea both overbought and appear to have rolled over. Could this be the end of the vaccine pump?

We'll find out later this week, but I would count on Asia to pump futures for the rest of teh week.

25 thg 11, 2020

Ghi chú

LOL, apparently not. Nikkei up another 1.7%. This is about the most ridiculous thing I've ever seen Asia do.

Keep in mind they already had negative interest rates and they're still facing deflation. So to hit ATH on a parabolic breakout is just insane. Not to mention that they're usually good at looking at fundamentals and valuations (except the Chinese, they're just pumptarded.)

25 thg 11, 2020

Ghi chú

Also as soon as I got done typing that previous comment, Asian markets turned around. Nikkei finished up only .5%, KOSPI (Korea) actually finsihed in the red. Every Asian market finsihed below the gap up.