15 Reasons Stocks May Rise Further As The Bulls Slaughter The Bears

15 Reasons Stocks May Rise Further as The Bulls Slaughter The Bears

U.S. Markets

  • S&P 500: Closed
  • US 10-Year: 2.66%
  • Dollar Index: 96.76 -0.15%
  • Oil: $56.03 +0.79%

International Trading

  • Shanghai: +2.68%
  • Nikkei: +1.82%
  • Hong Kong: +1.6%
  • KOSPI:+0.67%
  • Dax: +0.14%
  • UK FTSE: Unchanged

Equities Continue to Rally on February 19

Stocks are likely to rally when trading resume in the US on February 19.

The international markets I am about to highlight are critical and give us many clues to the direction of not only our markets but the global economy. These markets are all very much export-driven economies. If these markets are rallying is because investors see their economic fortunes improving.

China – Shanghai

Equities in Asia had a big day on February 18 with the Shanghai composite surging nearly 2.7%. The market has been red hot over the past few weeks and continues to surge towards 2,825, which would be a rise of about 3% from its current level of 2,754. Should their finally be a resolution to the trade-war, I can’t think of a stock market more likely to help.

(Click on image to enlarge)

shanghai

Japan – Nikkei

The Nikkei in Japan continues to rally as well and has cleared resistance at 20,950, and it seems to be heading towards 21,981, which would be a gain of over 3%. Again this is another major export economy. In fact the third largest economy in the world, behind the US which is number 1, and China which is number 2. Even the trend in the RSI has shifted from bearish to bullish, and that would suggest that there are more gains on the way.

(Click on image to enlarge)

japan

Hong Kong

Hong Kong is another market that continues to act well and shows signs of continuing to rise to around 28,980.

(Click on image to enlarge)

hong kong

Tencent (700 HK)

Just look at the path of its largest stock Tencent 700 HK, it continues to rise nicely along an uptrend on a road to 367.40 HKD.

(Click on image to enlarge)

tencent

ICBC (1398 HK)

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Disclaimer: This article is my opinion and expresses my views. Those views can change at a moment's notice when the market changes. I am not right all the time and I do not expect to be. I ...

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