As usual, charts for USDJPY, DJI and VIX
1. USDJPY
The price action of USDJPY is showing signs of recovery. Going back to the channel should provide some relief to many people - at least one thing less to worry in this crazy market.It usually rebounds when RSI is around 30 - can we expect it to do so this time?
2. DJI
DJI is so volatile these days. Failure to break 13541 will bring us to 13K, or even worse.3. VIX
Volatility has continued to go up - as an investor I would rather prefer to stay away in turbulent times. As mentioned in the previous blog entry, volatility is a sufficient reason for the stock market to collapse.
4. Hong Kong Small Caps
An interesting scene today in Hong Kong - small caps are all playing bungy jump. A million dollar question: Why do the active players in this space sell everything together?
