Ignore The Noise And Watch These Charts

By Bryan Rich

September 20, 5:00 pm EST

Global markets continue to melt-UP.  Ironically, Trump’s promise to slap an additional $200 billion on Chinese goods proved to be the marker for “risk-on.”

As we’ve discussed, the reaction from global markets tells us that reforming China is a good thing.

Among the confirmation signals we’re getting on that theory: 1) Japanese stocks are surging (as a beneficiary of fair trade), 2) Chinese stocks are bottoming (perhaps a more sustainable and balanced economy in its future), and 3) the Dow is finally playing catch up (the U.S. stock index that has been punished by trade uncertainty).

Let’s take a look at the charts …

As you can see below, Japanese stocks are finally making a run back toward the highs of last year.  

Chinese stocks have put in a key reversal signal (an outside day) into a double bottom.  This is following a 50% decline from the 2015 highs.

And after eight long months, the Dow finally surpassed the January highs today.

If you haven’t joined the Billionaire’s Portfolio, where you can look over my shoulder and follow my hand selected 20-stock portfolio of the best billionaire owned and influenced stocks, you can join me here.