Don’t Fight the BoJ

I know what you’re thinking: it’s “don’t fight the Fed.” While that’s generally true, too, the Bank of Japan is the central bank which most conspicuously wears its balance sheet on its sleeve. When my charts are a farrago of bearish indicators, but the Nikkei pushes up through resistance? I’ve learned to ignore the indicators … continue reading →

Update on NKD: May 29, 2013

While the Nikkei hasn’t officially been on our hit list, it’s certainly been fascinating to watch.  Today, it earned its very own page on pebblewriter.com. Late last night (early this morning?) I updated the USDJPY [HERE] which was at a critical point in its own rally to the moon.  It recently broke down through the … continue reading →