NZDJPY, $IWM, Nikkei 225 Update | Summary and Q&A

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March 19, 2019
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NZDJPY, $IWM, Nikkei 225 Update

TL;DR

Dale Pinkert provides insights on potential market reversals and predicts corrective activity in the stock market, particularly in the Kiwi yen, Aussie yen, Russell, and Nikkei.

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Key Insights

  • 💋 The spring equinox could mark a potential reversal in market trends.
  • ❓ The Fed's upcoming statement could have a significant impact on market direction.
  • 🫰 The Russell index may indicate a potential correction in the overall stock market.
  • 🌐 The Nikkei's performance could foreshadow the future of the global economy.
  • ❓ It is important to react to the market's reaction to the Fed's statement rather than predict it.
  • 💴 The Kiwi yen may experience a failing rally and correction before a potential breakout.
  • 🍰 The Aussie yen presents a shorting opportunity if the Kiwi weakens compared to the Aussie.

Questions & Answers

Q: What is Dale Pinkert's prediction for the Kiwi yen?

Pinkert suggests that the Kiwi yen could experience a failing rally and correct towards 75 before possibly breaking out above 79. There is also a possibility of a more significant downside if there is a risk-off sentiment in the market.

Q: What does Pinkert recommend in relation to the Aussie yen?

Pinkert believes that the Kiwi may become weaker than the Aussie, presenting a shorting opportunity for the Aussie yen. He suggests looking for a potential bottom in Aussie before initiating the trade.

Q: How does Pinkert view the Russell index?

According to Pinkert, the Russell index could potentially foreshadow corrective activity in the stock market. He mentions that the Russell's recovery last week did not reach the highs of the prior week, unlike the S&P and Nasdaq. He believes that the Fed could play a role in triggering a market correction.

Q: What is Pinkert's analysis of the Nikkei?

Pinkert points out that the Nikkei has the potential to wash out and take out the lows from late last year. He suggests that this could be a foreshadowing of what might happen to the rest of the global economy. He relates this to the long-standing quantitative easing measures by the Bank of Japan.

Summary & Key Takeaways

  • Dale Pinkert predicts a potential failing rally in the Kiwi yen, with a possible correction towards 75 before breaking out above 79.

  • He suggests shorting the Aussie yen due to the potential weakening of the Kiwi compared to the Aussie.

  • Pinkert believes that the Russell index could be a harbinger of corrective activity in the overall market, with the potential for downside movement triggered by the Fed.

  • He points out that the Nikkei may wash out and take out the lows from late last year, indicating potential trouble for the global economy.

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