March first, two thousand twenty-six (260223-260301)
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*My posts have often been deleted by the platform lately, so we will gradually replace some sensitive terms. Starting with this article, we will refer to B**T*C as “Little Yellow.”
Please note! Many lines of reasoning have been discussed once and will not be repeated!!! Be sure to review previous weekly Wraps on your own!!! Make sure you do!
In the new version of the weekly newsletter, we have made the following changes:
1) We have reordered major assets according to stronger logical connections and explained their cross-confirming interactions more clearly, giving readers a comprehensive picture to help them find anchors across asset classes... The process of seeking certainty is, in essence, the process of finding an anchor for pricing...; 2) We have added more detailed analysis of developments during the week, laying the groundwork for expectations over longer cycles. This supports portfolio allocation while also offering readers some reference for their medium- and short-term actions... After all, every long-term decision is just a series of rolling short-term decisions...; 3) We have reduced coverage of noisy asset classes. Positions we have exited, and assets with no major change in fundamentals (consistent with what we said the previous week),will no longer be continually updated in the weekly newsletter and take up too much space. Instead, we will add coverage of assets that are eagerly awaiting entry... After all, what matters for decision-making in practice is what is happening now and what lies ahead. On this point, we need everyone to work with us and review the historical material on their own—we will not give everyone a history lesson every week... But reviewing the past is necessary and absolutely must not be skipped. Before reading, please also read the Planet updates for that week or the relevant historical trading days. 4) The content will gradually incorporate our own understanding of the world of investing and trading, and systematically explain our ideas and principles. These are our own views, offered to stimulate discussion and for reference only; please bear with us if anything is lacking.
Starting 251109, the weekly newsletter has been completely revamped. For the historical framework and content, see “WEEKLY WRAP 251026” and earlier issues.
The markets bid farewell to February amid bombardment and welcomed an even more uncertain March:
Image: PLEASE TREAT EVERY DOLLAR YOU EARN WITH RESPRCT
Regarding Iran, based on my long-term tracking (I will leave you a copy of my tracking list at the end of today's article; it is a set of reference sources of their own that I previously obtained from friends in foreign affairs),Geopolitical issues are simply not something that can be analyzed and judged. Even those who know the logic of military and political affairs best cannot analyze and judge them (with any high degree of accuracy); for most people, who are merely tapping away at keyboards far from the distant battlefield, analysis is even less meaningful.
Essentially, this is because decisions are not made through processes as complicated as one might imagine. The more complex a mechanism is, the more predictable it becomes, because the mechanism itself leaves traces and is constrained. Geopolitical decisions, by contrast, are more often simply the result of chance.At the trading level, the only thing that can be anticipated about geopolitical issues is potential volatility. To some extent, people in the field may be able to give a rough estimate of how long the volatility will last. Until the outcome is known, we will (and can only) treat anything beyond that as noise. In fact, if you read carefully, you will find that countless articles ultimately reach the conclusion that there is no conclusion,
So why not set aside the time to do something else.
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Decisions involving finance and economics often leave decision-makers with no choice, giving traders an opportunity to get involved while keeping risk manageable. But geopolitical conflicts generally involve no genuine inevitability. In fact, as long as the party in the position of taking the initiative wants to choose, its decision-makers always have plenty of options.
This is why we do not bet on any particular potential event.
We do not deny that the conflict in the Middle East was one of the factors in the backdrop when we first became involved in oil and gas and shipping. Its possible occurrence could have been the spark that widened volatility at some point in the future under the decisions we made then. But from beginning to end, it was only one factor that increased our conviction; it was not a direct reason, and it will not be one going forward.
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Here we share Richard Haass’s assessment and reflections on the Iran situation. Haass is the former president of the Council on Foreign Relations and former director of policy planning at the U.S. Department of State. He was an adviser to Colin Powell and coordinator for Arab affairs during the George W. Bush administration. For those who want to understand this issue in depth, these thirteen observations are far more valuable than the collections of stories circulating in the media:
On Saturday, the United States launched a large-scale armed attack on Iran, striking military and political facilities across the country.
Here are my thirteen observations...
1/ This is a “war of choice.” The United States had other policy options. Diplomacy appeared to offer a realistic prospect of preventing Iran from developing nuclear weapons. Increased economic pressure might also, over time, have brought about a change of regime.
2/ This is a “preventive war,” not a “preemptive war.” Iran did not pose an imminent threat to core U.S. interests. It was neither on the verge of becoming a nuclear-armed state nor preparing to use its existing weapons to attack the United States. At most, it was a threat that was growing but remained manageable. This distinction is crucial. If every country believed it had the right to launch preventive strikes against states it considered threats, the world would be plunged into frequent conflict. That is precisely why such actions have no legitimate status under international law.
3/ The Trump administration chose “regime change” as its objective—a political goal, not a military one. Military force can destroy and kill, but it cannot by itself bring about regime change. Regime change requires a viable alternative and the conditions to support it. An attack might, of course, trigger defections among Iran’s political leadership and armed forces, but this cannot be counted on. Gaza and Hamas are reminders that a regime can withstand incredible blows and still remain in power. As long as Iran’s regime survives, each additional day it remains in power will be portrayed by the regime itself as a victory.
4/ Overthrowing a regime is not the same as regime change, let alone successful regime change. Even if this theocracy collapses, the most likely successor would be the security establishment, not democratic forces. Those forces would likely continue Iran’s current foreign-policy objectives, which the United States finds objectionable.
5/ Using military force to eliminate some leaders in the hope of triggering regime change is commonly known as “decapitation.” That may already have happened, but it is not necessarily decisive in Iran. The regime has built highly institutionalized structures since taking power nearly fifty years ago. Moreover, as the possibility of war increased over the past few weeks, the leadership had time to refine succession arrangements.
6/ The Trump administration called for regime change without creating the conditions for an alternative force to govern successfully. The political opposition is neither united nor organized as a “government in waiting.” It cannot effectively receive defectors, much less provide security.
7/ History shows that regime change usually requires a substantial ground presence. That is the lesson of postwar Germany and Japan, as well as the more recent experiences of Panama, Iraq, and Afghanistan. Even with ground forces in place, such operations often have limited results and come at great cost, as Iraq and Afghanistan demonstrate. Given Iran’s size and capacity for resistance, occupation is almost unimaginable.
8/ The Trump administration is trying to achieve the grandest foreign-policy objective with limited means. It rejected a more limited war of choice, such as simply weakening known nuclear and ballistic-missile capabilities—an objective that appears to have been achieved in this operation. The closest analogy, if one is needed, is Libya more than a decade ago. The West used air power to overthrow the leadership but made no arrangements for what would follow, leaving the country in chaos.
9/ This move came as a great surprise. The administration had not previously pursued regime change or the promotion of democracy elsewhere, nor had it shown a willingness to undertake costly foreign-policy adventures. Trump had also promised during the campaign not to make such actions central to U.S. foreign policy. Why it chose to act here and now remains a mystery, since there is no clear evidence that Iran’s regime was on the verge of collapse, even though it was unpopular and weakened.
10/ After diplomatic threats failed to force the Iranian government to stop its actions against political opponents, the buildup of a large military force in the region—which President Trump called an “armada”—may have put pressure on the government to act, because forces cannot remain at a high state of readiness indefinitely. The result was that the policy instruments largely determined the policy objective—in other words, the decision to attack itself. This clearly runs counter to the conventional logic of policymaking.
11/ The United States has once again made a major, long-term strategic commitment in the Middle East. This is inconsistent with the Trump administration’s own National Security Strategy and departs from the judgment that the greatest challenges to U.S. interests lie in Europe and the Indo-Pacific. The analogy here is the Iraq War of 2003, which was also a preventive war of choice in the region and came at a huge cost to the United States. I expect Russia and China will both be pleased.
12/ The American public was not prepared for this war, nor was Trump’s political base. War, especially a prolonged war, will disrupt markets, drive up energy prices, and could prompt attacks on U.S. facilities and Americans around the world. President Trump did not lay the groundwork for an attack on Iran in his State of the Union address on Tuesday night, and in his statement after Saturday’s operation, he focused more on Iran’s past actions than on any new or emerging threat.
13/ One final point: the airstrikes on three Iranian nuclear facilities last year came at almost no cost, and, together with the recent intervention in Venezuela, may have left Trump and his inner circle highly confident that they could achieve grand objectives with limited means and at low cost. That judgment is not impossible. But history repeatedly reminds us that calling for regime change is far easier than bringing it about successfully; a war may take only one side to start, but it takes both sides to end. Iran will now determine the scale and duration of this conflict.
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Wishing everyone a wonderful March.
I.U.S. Dollar Index, renminbi
Chart: U.S. Dollar Index (four-hour chart, as of 260301)
The dollar can be seen moving sideways in a narrow range within the purple box in the chart above (between the annual black line and the horizontal line at 97.58). Last week’s newsletter discussed this in some detail, so I won’t repeat it here. One point worth adding is that, within the visible range, there is now another compelling reason why it may be difficult for the dollar to keep falling:The renminbi has reached a relatively extreme appreciation boundary. Don’t forget, our narrative has never been “let the renminbi appreciate all the way,” but rather “two-way fluctuations; don’t bet on a one-way move.”
That’s not to say the appreciation has run its course. The renminbi appreciation cycle we began positioning for last year is not something that will be over so quickly, but it really does need to take a breather here. Going further would be speculation and would mean taking the other side of our own country:
Chart: USDCNH (weekly chart, as of 260301)
For USDCNH, 6.85 here (the blue line in the chart above) is an extremely important price level. We remain bullish on renminbi appreciation, but for those expecting the trend to continue at the same steep slope as over nearly the past year, things may not look so favorable here.
We expect a period of fluctuation, or for the appreciation trend to continue at a gentler pace:
Chart: USDCNH (daily chart, as of 260301)
This appreciation cycle has seen two different speeds, #1 and #2. If the exchange rate does not fluctuate here but continues to move, a return to the slope of #1 is more likely. This would mean reaching 6.7 around the end of 26.
II.European defense spending
《WEEKLY WRAP 260104》 discussed LMT, a European defense stock included in our simultaneous long positions
(As of 25 year, LMT had exposure to EU defense spending of 10%+ of revenue),
The exit was strictly executed according to the plan in the newsletter:
Chart: LMT (daily chart, as of 260301)
Last week’s newsletter noted a signal to reduce the position at the red arrow (the S point on the chart).We firmly followed through with the position reduction.
This week, the take-profit level at 647 was reached, and we have now fully closed out the position and exited, at around +30%.
At this point, we would need the price to move above 670 before going long again.
III.EUR/GBP, USD/GBP,
This section Be sure to read it in full《WEEKLY WRAP 260208》 contains detailed specifics and the rationale for the fundamental thesis。
It is always three systems! Only when the fundamental, capital flows and relative-value, and technical-analysis systems all align does that constitute a decision. We don’t repeat this point in the weekly newsletter just to avoid repetition, but you can’t look only at technical charts—you have to go back and look at the reasons. Charts are only the result!!!
Chart: EURGBP (daily chart, through 260301)
Breakout. (The trading model opened this position automatically earlier, at point B.)
Chart: USDGBP (daily chart, through 260301)
USDGBP, the unrealized profit on the long position continues to grow, and the take-profit level keeps moving higher.
Note for new readers: This trade was a failed breakout to the downside. It is also one of our preferred entry patterns, because at the outset the stop-loss level for this pattern is easy to set and very clear, making it beginner-friendly.
Four, U.S. dollar/Japanese yen, Nikkei futures
Chart: USDJPY (daily chart, through 260301)
Our view from two weeks ago remains unchanged: the position has been closed, and we haven’t continued trading here. Although the view is very clear... this is not the optimal scenario, because it isn’t extreme enough to develop into a strong trend... The FX picture is more complicated. A moderate rise is the base case, but USDJPY has already turned back toward intervention, and the risk is also rising. This will constrain further upside in the short term. The two blue lines on the chart have temporarily made us lose interest in the yen...
Those who chased long positions at the edges of the blue lines probably aren’t feeling too good right now.
Chart: Nikkei futures (daily chart, through 260301)
We didn’t trade this ourselves; the reasons are covered in an earlier weekly newsletter. For those who are holding a position, the take-profit level is currently around 56680.
Five, U.S. equities
Chart: SPX (daily chart, through 260301)
Continued minor back-and-forth swings. We’re not trading the indices. However, Judging by the 100 bars in the similar top consolidation last time, the expansion of the range in this top zone is very likely to happen in March.
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Chart: Sean’s Take
https://www.meridianresearch.app/home?product=vega-trading
Keep an eye on it yourself.
Six, European markets (UK100, GER40)
Chart: UK100 (daily chart, as of 260301) (the model shows the LONG ONLY portion only)
We temporarily took profits and exited at the end of 1 as price movement stalled. Since re-entering on 2 2, the uptrend has resumed and continued strongly. The stop-loss has now been moved above 10745.
UK100, when an ascending trendline makes a second attempt at the top-side resistance, it often succeeds.or a third attempt... but either way, both price space and time are getting increasingly compressed.The final episode should air before March 2026.
Chart: GER40 (daily chart, as of 260208) (the model shows the LONG ONLY portion only)
We temporarily took profits and exited at the end of 1 as price movement stalled, then re-entered on 2 9. The stop-loss has now been moved above 24975.
GER40 has been coiling inside this range for far too long. Compression at this scale usually resolves with a meaningful breakout.
Six. Silver and platinum
For the overall assessment, see “WEEKLY WRAP 260104” and the previous batch of related long-form Notes.
Chart: CMX silver (4-hour chart, as of 260301)
Following on from last week (if you haven’t read it, you must go back and read it): 1) HH confirmed; 2) moved above 93.775, turning resistance into support
The shorter-term long and short signals have restarted...
Chart: The shorter-term long and short signals have restarted. After the long position from the 18th exited, we went long again on the 26th and are holding the position.
The stop-loss on the current shorter-term long position has been moved above 90.
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For the Swing Traders in the community who are looking for longer-term trades, our daily model has also turned bullish:
Chart: See the post from the 25th
Chart: CMX silver (daily model Trade Log)
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Read articleReview this post on your own, remember what worked, and don’t become complacent;
next time, let’s aim to do even better together.
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Chart: SLV (daily chart, as of 260301)
SLV, last year we built core positions against the trend at the three orange circles. After 25.11.25 turned from red to blue, we added to the position and followed the trend. Two weeks ago and on 17, we twice hit the 2x target price (see the previous two weekly reports) and continued by building positions twice (the two orange circles on the right-hand 66.42 horizontal line).As of now, the new core positions established at the 2x target price are up approximately 25%.
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Note that our daily Swing position has also turned bullish and re-entered (see last week’s Wrap):
Chart: SLV (daily model trade log)
As of now, 5 bars, ~+10%.
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For more details, seeView notethis post:
Chart: A post about rebuilding a core position near 20 or 50 DMA (depending on the microstate of the different instruments)
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Platinum:
Last week’s weekly note said that going long again would require at least a move back above 2325.Strictly following the plan:
Chart: NMX platinum (daily chart, as of 260301)
We have re-entered a long position, with the stop for this attempt set above 2160.
Seven. Gold
Chart: CMX gold (daily chart, as of 260301)
As with last week (if you didn’t read it, you must go back and do so), GC found precise support and bounced at the horizontal line we drew months ago (the estimated price we marked was 4428.3; the actual low for GC was 4423.2). As of now, the model remains out of the market. However, here gold, like silver, has also met the following conditions: 1) returned to the resistance level; 2) the stochastic oscillator is overbought, providing the first condition for a breakout; 3) an inside bar follows a down bar, and a further decline has been rejected.
Only one thing remains for a confirmed breakout: the dormant moving average needs to turn upward (the white line has appeared in the momentum indicator below!).
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Additionally, from a money-flow perspective:
Chart: CMX gold (daily chart, as of 260301)
Since 26.02.26, leveraged funds have begun to re-enter (red arrows)...
This type of capital is usually a leading indicator of price movements.
Chart: GDX (daily chart, as of 260208)
GDX, we missed out on a bargain with the core position.The trend-following position was originally set to buy near 106.5 (see last week’s weekly note), but because of the gap-up open, the actual purchase ended up near 108.
It has now reached a new high.
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Eight. Copper and aluminum
For an answer to when the industrial metals trade will end, see “WEEKLY WRAP 251221”
Chart: Copper-gold ratio overlaid with copper prices (weekly chart, as of 260301)
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Chart: Shanghai copper (daily chart, as of 260301) (the model only displays the LONG ONLY section)
The quiet moving average turned down and then went quiet. Two long positions were opened during the downtrend and quiet phase, and both ended in failure, Going with the trend really is important; acting against it is not nearly as comfortable.But we still executed decisively.
We have turned long again. See also the Planet short post dated 25:
Chart: Discussing four instruments together
Chart: FCX (daily chart, as of 260301)
The proxy basket has already been entered, and we have gone long again, with the stop-loss placed below 65.
Chart: Global inflation proxy for industrial metals (weekly chart, as of 260301)
Moved above the blue line.
Note: This was discussed in greater detail in an earlier Planet strategy note; please refer back to it for the specifics of how to use it.
Nine. Little Yellow and its friends
Chart: Little Yellow (daily chart, as of 260301) (the model only displays the SHORT ONLY section)
It successively broke through our 1x target (74.5k) and 2x target (65k)Near 60k, the position-management system issued a signal to reduce the short position(the orange-circled B point on the chart)(B in a short state and S in a long state are signals to reduce positions!), so we have taken profits and reduced the position here; we continue to hold the remaining short position and wait for an automatic exit.
Since taking profits, Little Yellow has found precise support between our 1x and 2x target levels and has traded in a narrow range ever since,
The hourly model works better at this level, because it catches smaller swings back and forth on its own:
Chart: Little Yellow (hourly chart, as of 260301) (the model only displays the SHORT ONLY section)
If you compare the hourly and daily charts, you will notice a very interesting phenomenon: for Little Yellow, its structure remains highly aligned across these timeframes. For example, there is the position-reduction signal at the piercing level, and also the inside-bar reversals that appear at almost the same points on the hourly and daily charts. This is the result of extensive algorithmic participation in the market.
And, The reason inside bars are so important as reversal signals at the extremes is actually also a theoretical result at the level of market intuition:
The inside bars you see on each timeframe are all those on the corresponding lower timeframe, or on the timeframe below that A consolidation with a narrowing range;This is somewhat like a multidimensional world. A feel for the market means that when you look at a weekly or daily candlestick, you can see through it and at the same time see what it looks like on the hourly or even minute chart. Dozens of lower-timeframe bars are made up of dozens of even smaller bars... and each bar is a sample of dozens of lower-timeframe bars.
In other words, being able to see the hundreds of bars behind a single bar is what it means to have a feel for the market.
This is very important.
Ten. The Chinese Market
I won't include much here about trends, since we've already decided to update the three-level asset-state data daily, Everyone can simply download the corresponding latest data sheets from the community each day. Here I'll share some data that you don't usually get to see.。Individual stock data for the mainland market is also now updated daily on Ganglong. Anyone interested can subscribe via this link (https://www.meridianresearch.app/home?product=vega-trading）
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The weekly newsletter 《WEEKLY WRAP 260222》 answers many key questions! If you haven't read it, be sure to do so before coming back.
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It's worth noting that although the Shanghai Composite is still moving sideways in a quiet range, the Shenzhen Component has resumed its uptrend. Once they confirm each other, that will mark the start of the next trend. Of course, this depends on the Hang Seng Tech Index finding a floor:
Chart: Hang Seng Tech Index (daily chart, as of 260301)
The price action currently looks very ugly. The best-case scenario would be for 1) to break below around 5100 and then reverse, forming a failed breakout; 2) to reverse and then shift from a downtrend to a quiet range here; 3) to form an inside bar or an engulfing bar; and 4) to see the Hang Seng Tech Index return to the area around its annual moving average (the yellow line above) as mainland trading resumes its uptrend.
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Eleven. The Korean Market
I'm not sure where this belongs, so I'll put it here:
Chart: Korea Index / India Index (daily chart, as of 260301)
This ratio chart of KOSDAQ and NIFTY hasn't been included for the past couple of weeks since the red-circle signal, but as I always say, I leave it out only because there has been no new development. That doesn't mean you can stop watching it.
Since reversing at the red circle, it has gone on to make a new high.
To examine the structure further, the position is clearer on the weekly timeframe:
Chart: Korea Index / India Index (weekly chart, as of 260301)
This pair trade has now reached a resistance area on the annual timeframe, so we'll tighten our take-profit levels here (Ganglong):
Chart:https://www.meridianresearch.app/home?product=asia-strategies
Twelve. Oil (the 200 DMA for oil-and-gas allocations and oil prices) and oil-and-gas / shipping stocks
Chart: WTI (daily chart, as of 260301) (model shows LONG ONLY portion)
Above the annual moving average, entering an uptrend; continue holding the long position. Move the take-profit level above 63.5.
Chart: BRENT (daily chart, as of 260301) (the model displays the LONG ONLY section only)
Likewise, above the annual moving average, entering an uptrend; continue holding the long position. Move the take-profit level above 69.
Several positions in the portfolio are still being held:
Chart: OIH (daily chart, as of 260301)
Since entering Planet, up ~40%; a signal to reduce the position has appeared here, so part of the position was closed.
Chart: XES (daily chart, as of 260301)
Since entering Planet, up ~40%.
Chart: XLE (daily chart, as of 260301)
Since entering Planet, up ~30%
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More:
Oil and gas and shipping stocks (trades mainly executed using domestic assets on the Hong Kong Dragon Planet):
Post on Hong Kong Dragon synchronized on the 1 month, 7 day
The rationale for the shipping and oil and gas bets was the same: prices had reached the right levels.
At the time, the screened list on the 250 dma included Nanyou and Haineng, and most of the position was allocated to Haineng:
Chart: COSCO Shipping Energy (daily chart, as of 260301)
Bought at the open on the 8; since then, 33 bars, up ~85%;
The take-profit level continues to move higher and is currently above 17.6...
Chart: Shipping enters the retail-investor catch-up phase as the boom takes off (in both the narrative and the price)
VLCC spot has skyrocketed, spurred on by strong fundamentals, a large part of the fleet sanctioned and now Sinokor controlling a large part of the fleet
Balmo done WS 190 this evening (TCE ~180k/d)
The risk is very high here. Many retail investors will start chasing in. Remember, when something becomes “known” to people, that is when we are getting ready to sell. Always focus on who you are going to sell to.
Chart: FRO begins locking in prices; management is trying to act during the boom to lock in cash flow and earnings. This is a precursor to a cyclical peak
Chart: FRO (weekly chart, as of 260301)
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Review what you got right on your own; there’s no need to rush if you didn’t get everything right. There are plenty of opportunities.
Chart: Enjoying the gains (quietly enjoying them)https://www.meridianresearch.app/home?product=asia-strategies
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A little more to add here: some people have asked whether we should try to predict the high and sell part of the position at Monday’s open We’re not in the habit of making subjective predictions, though, If you’d rather sell part of the position first to lock in profits, that’s not a bad idea either. No one can predict the market; as long as your decisions don’t go against what you want, that’s fine. Don’t regret selling too early, and don’t be proud of having called the top. Just make sure you have a reason for your decisions to enter and exit.
Your expectations for risk and return are ultimately your own. If you’ve acted and feel comfortable with your decision, any amount of profit is a good thing.
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Lastly, here are some oil and gas positions we also have in our Ganglong allocation:
Chart: Zhongman (daily chart, as of 260301), with the take-profit level set above 33.2
Chart: Intercontinental (daily chart, as of 260301), with the take-profit level above 5.4
Chart: Tongyuan (daily chart, as of 260301), with the take-profit level above 14.3
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Thirteen. EEM (1x target price)
Chart: EEM (weekly chart, as of 260301)
It has broken through the 1x target price as expected. This is the core proxy for going long non-U.S. markets. Continue to hold.
We’re preparing to tighten the take-profit level. It has now been moved to above 59.7.
Someone sent a private message asking why we don’t talk more about EEM. Here’s a brief response for everyone:
The reason we don’t mention it much is that this is a consensus trade. When we make this kind of trade, we just focus on doing it, because there’s nothing distinctive about our approach, and we wouldn’t want to pass it off as our own insight. The view that emerging markets will rise isn’t particularly valuable in itself; it has been the consensus view among everyone at every Wall Street institution since last year. You just have to be able to hold on.
Fourteen. Uranium
Chart: URA (daily chart, as of 260301) (the model displays the LONG ONLY section only)
The uranium trade remains valid for the foreseeable future. The short-term long trade failed. We’ll wait and re-enter later.
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Fifteen. U.S. dollar/Swiss franc
The main idea in the U.S. dollar/Swiss franc trade is a retracement on a larger scale toward the 3x target price, This trade carries a great deal of risk because it is a countertrend trade against a major trend. Don’t imitate it lightly.
Chart: USDCHF (daily chart, as of 260301)
Entered at the green arrow (see the earlier post on the Planet); the unrealized profit is now starting to expand, and the stop-loss has been moved to breakeven. The initial target was the upper boundary, at the 2x target-price level on the chart, but price may meet resistance at the yellow line. We’ll see when it gets there; if resistance is strong, we’ll close out early at the yellow line.
Sixteen. Brazil
Entering the right-hand, late-stage parabolic phase, we have converted it from a purely allocation-oriented position into a swing-trading position:
Chart: WEZ (daily chart, as of 260301) (the model shows the LONG ONLY portion only)
The take-profit level for the corresponding ETF allocation currently held (WEZ) has been moved above 38.6. Please monitor it yourself.
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(End of article)
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Not quite the end—here’s a bonus at the end:
Ian Bremmer, Richard Haass, Fiona Hill, Michael McFaul, Hal Brands, Graham Allison, Anne Applebaum, Stephen Walt, Alexander Gabuev, Elbridge Colby, Kori Schake, Dara Massicot, Emma Ashford, Eliot A Cohen, Mark Galeotti, Dmitri Alperovitch, Lawrence Freedman, Phillips P OBrien, Sergey Radchenko, Tom Shugart...
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(End of article) (This time for real)
A quick plug: the US equities, A/H shares, and commodities Planets that go with this one are being continuously refined.
US equities:https://www.meridianresearch.app/home?product=us-strategies(Xingzhi)
A/H shares:https://www.meridianresearch.app/home?product=asia-strategies(Ganglong)
Commodities:https://www.meridianresearch.app/home?product=commodity-strategies(Earthcore)
Note: Everything in this article is for reference only and does not constitute investment advice or serve as the basis for any laws, regulations, or regulatory policies. Investors should not use or rely on this information as a basis for making decisions.