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If there is one chart that succinctly displays what has happened with Russia (and, by extension, Ukraine) over the past month, it is this one. Here we have the US dollar versus the Ruble. Simply stated, we’re almost back to where we use to be, by way of a maniacal, swift move.
Preface to all eight parts: The stock market from January 4 through early February 24th was like an action movie. The market from late February 24th through March 25th was like watching the end credits roll. Perhaps we’ll see an other sea change soon, but regardless, I have grouped together a few similar ETFs and have put remarks in the caption area.
Uh-oh, Tim’s got the layered charts out again.
Anyway, here is the long-term continuous contract of France’s CAC-40 Index.
Let’s jump overseas and look at a few interesting outside-the-US ETF charts.
First up is the Eurozone, which is sporting a massive rounded top pattern. The monster question has to do with those two horizontal lines – – has the bounce stopped, or is it going to keep pushing to the higher line? There’s precious little activity between those two lines, so if this peculiar dose of optimism keeps flowing, we could well ascend to the next horizontal (at which time things would more than likely cease climbing).
Thanks to a tidal wave of completely-made-up economic “data” from the central planning committee of the Chinese Communist Party, the China stock ETF symbol FXI went up almost 30% from just Tuesday’s low to Wednesday’s high, with many single stocks going up much more. Well, that’s all well and good, but their bull market is totally dead and buried, and Communist lies are not going to fool anyone for too terribly long.
