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Manufacturing PMIs from Asia, February, more falls

  
Analysis, Education

Couple of manufacturing PMIs released a few minutes ago paint further bleak news for the global economy:

  • South Korea February manufacturing PMI 47.2, from 48.3 in January
  • Taiwan February manufacturing PMI 46.3, from 47.5 in January
Taiwan’s to its lowest in more than 3 years
SK’s lowest since June 2015
Earlier news today … let’s hope its correct for the sake of the global economy (not holding my breath):

THINK LIKE A FUNDAMENTALIST;TRADE LIKE A TECHNICIAN

  
  Education
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To trade/invest successfully, think like a fundamentalist; trade like a technician.

It is obviously imperative that we understand the economic fundamentals that will drive a market higher or lower, but we must understand the technicals as well. When we do, then and only then can we, or should we, trade. If the market fundamentals as we understand them are bullish and the trend is down, it is illogical to buy; conversely, if the fundamentals as we understand them are bearish but the market’s trend is up, it is illogical to sell that market short. Ah, but if we understand the market’s fundamentals to be bullish and if the trend is up, it is even more illogicalnot to trade bullishly.

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