Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (452)	12/5/1998 10:29:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 99985

Pastric; Re I think that what you are saying is that the buck's price has to be taken in a perspective relative to global economies. Yes that's about it , to see the longer term trend But I don't think I would use the term Marco approach on it., ------------ I'm not sophisticated or well heeled enough to trade on it, in fact the run up in Japan's Stocks , in respect to US$ caught me by surprise, but at least I noticed it, where the news media seems to be ignoring it, & even playing Japan down, when it fact their market has out run our market big time in the last two months. ( relative to dollars ) ----------- If Greenspam does cut interest rates more, as many say he will then we might get more of this. ----------- A simple way to keep one eye on it is to watch the WEBS, that trade on the AMEX, and compare the SPY chart with charts of the Global bench mark shares that trade in dollars, using the WEBs as an index instead of the local one. I do this via a Yahoo portfolio Ie Sat Dec 5 9:54am ET - U.S. Markets Closed. Symbol Last Change Gain Name EWA 9 9/16 +1/16 +0.66% $1.89 +1.95% WEBS AUSTRALIA EWC 11 7/8 +1/4 +2.15% -$12.05 -12.43% WEBS CANADA EWD 19 +3/8 +2.01% $0.00 N/A WEBS SWEDEN EWG 21 3/8 +1/4 +1.18% $23.18 +23.91% WEBS GERMANY EWH 9 5/8 +1/8 +1.32% -$13.55 -13.99% WEBS HONG KONG EWI 25 1/2 +3/8 +1.49% $36.23 +37.39% WEBS ITALY EWJ 10 1/4 +1/8 +1.23% -$1.77 -1.82% WEBS JAPAN EWK 19 11/16 +3/16 +0.96% $19.58 +20.19% WEBS BELGIUM EWL 16 5/8 +3/16 +1.14% $10.08 +10.39% WEBS SWITZERLAND EWM 3 0 0.00% -$45.86 -47.28% WEBS MALAYSIA EWN 23 13/16 +13/16 +3.53% $4.53 +4.67% WEBS NETHERLD EWO 10 1/4 +1/4 +2.50% -$1.21 -1.25% WEBS AUSTRIA EWP 28 13/16 +1/2 +1.77% $38.09 +39.26% WEBS SPAIN EWQ 20 11/16 +9/16 +2.80% $33.44 +34.51% WEBS FRANCE EWS 6 +1/8 +2.13% -$22.46 -23.18% WEBS SINGAPORE EWU 19 5/8 +3/8 +1.95% $10.60 +10.94% WEBS U.K. EWW 10 1/16 +1/8 +1.26% -$34.78 -35.87% WEBS MEXICO KEF 3 +1/8 +4.35% $0.00 N/A KOREA EQUITY SPY 118 3/8 +3 1/32 +2.63% $21.38 +22.04% S&P DEPOS RECPTS 19 symbols Totals: $67.31+3.65% Note Today Global was up 3.65% while the spy ( S&P500) was up 2.63% also note KEF is not a web, there isn't one for Korea so I put in a closed end fund that only trades Korea stocks. ---------------- Foot note, on the right side gain is from the time I set them up back in ( DEC 10th of 97,) I may should re-weight them. Just the same you can see Italy, Austria, & Spain have been on a good run since last Dec..But it don't show the more recent change in trends, you need to chart them for that. When I bring up the portfolio in yahoo I add an &d=1ys after the string, then hit return again and that produces a 1 year chart for each with the S&P500 also on it; or a &d=3ms does a three month chart, which by the way shows Hong Kong, and Singapore with even better recent gains than Japan. ( compared to the S&P ) EWS has in the last 3 months out run the S&P by 100% Jim