Jump to content
Sign in to follow this  

NKY

Recommended Posts

...near the upper end of recent range...:

1115293037_Japan225_20200926_03_06.thumb.png.fd0d100482606c2ad1c3b148afad8987.png 

 

while "rest of the world (SPX, RTY, DAX) near lower end of recent ranges... - wondering if that is a sustainable divergence...

US stimulus/election uncertainty, re-lockdown in Europe, relatively fewer cases in Japan may be the narrative behind it..

thoughts?

 

 

 

 

  • Like 1

Share this post


Link to post
12 hours ago, HMB said:

while "rest of the world (SPX, RTY, DAX) near lower end of recent ranges... - wondering if that is a sustainable divergence...

 

Could be that they are withdrawing their holdings of foreign shares and buying their own?  Who knows with these inscrutable Japanese!

They do tend to be ahead of the rest of the world.  

  • Like 1

Share this post


Link to post

When the cloud ahead turns green, think about buying :D 

8wYmuxoi

Edited by dmedin

Share this post


Link to post
7 hours ago, dmedin said:

 

Could be that they are withdrawing their holdings of foreign shares and buying their own?  Who knows with these inscrutable Japanese!

They do tend to be ahead of the rest of the world.  

good point - still relatively strong JPY seems to confirm this

obviously can't explain previous week's rising NKY while JPY was weakening (vs USD) - could be increase in speculative USD (dip) buying dominating the JPY demand by Japanese investors reallocating to more domestic shares, or BoJ increasing ETF purchases once said reallocation seemed to slow..

 

 

 

Share this post


Link to post
3 hours ago, HMB said:

good point - still relatively strong JPY seems to confirm this

obviously can't explain previous week's rising NKY while JPY was weakening (vs USD) - could be increase in speculative USD (dip) buying dominating the JPY demand by Japanese investors reallocating to more domestic shares, or BoJ increasing ETF purchases once said reallocation seemed to slow..

 

 

 

 

Are you trading based on fundamentals?

Share this post


Link to post

Is that a trick question..?

I'm trying to have a broad picture.  And to consider (and develop an understanding of) as many influences on prices as I can.

Share this post


Link to post

Not improbable I'm missing something (again), but right now don't see why NKY would break above recent resistance around 23375 before US Open.  Friday's Don Quarantino move has been more than undone by now.  Pelosi sees "some progress" (Sunday, CBS according to Reuters), but for the last eight hours or so US futures sideways - would be unlikely if compromise had been agreed already - hence absence of volatility later would be surprising.  25 points or so NQ opening gap should act at least a bit as "magnet" (and move to close that pull NKY with it).

 

1953495927_Japan225_20201004_22_40.thumb.png.b05704c19d2e8b692c7a672cf7f975f9.png

 

    

Share this post


Link to post
14 minutes ago, HMB said:

Not improbable I'm missing something (again), but right now don't see why NKY would break above recent resistance around 23375 before US Open.  Friday's Don Quarantino move has been more than undone by now.  Pelosi sees "some progress" (Sunday, CBS according to Reuters), but for the last eight hours or so US futures sideways - would be unlikely if compromise had been agreed already - hence absence of volatility later would be surprising.  25 points or so NQ opening gap should act at least a bit as "magnet" (and move to close that pull NKY with it).

 

1953495927_Japan225_20201004_22_40.thumb.png.b05704c19d2e8b692c7a672cf7f975f9.png

 

    

 

In my view the Japanese index has already 'pulled back' and rejected the lower level with a hammer hence I'm long.

  • Thought provoking 1

Share this post


Link to post

ok - might go long Dax or NDX with similarly tight stop later, if either comes back, and if NKY is lower then. (to be positioned for breakout in either direction - if such happens, then soon moving stop of the leg that's still open closer;  targeting small gain. short term trade).

  • Thought provoking 1

Share this post


Link to post
13 hours ago, HMB said:

ok - might go long Dax or NDX with similarly tight stop later, if either comes back, and if NKY is lower then. (to be positioned for breakout in either direction - if such happens, then soon moving stop of the leg that's still open closer;  targeting small gain. short term trade).

... waiting..  ;)

Share this post


Link to post
10 hours ago, HMB said:

stop hit

Cripes Eileen! :( 

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      12,742
    • Total Posts
      65,414
    • Total Members
      86,176
    Newest Member
    rpd2
    Joined 20/10/20 20:14
  • Posts

    • this probably should have been ignored, but IMHO it was a new low.  obviously jlz tried to help someone here, and referred to others to add emphasis to a point.  I'm writing this because I actually asked for support in my earlier response, and I'm very pleased I'm not the only one who reacted to this post thoughtfully, so I think it would be pretty weak if I didn't speak up here. That may make me look ridiculous, and like my tongue is now travelling through a bunch of cracks, but I don't give a **** (like I think you would not either).    I'm actually surprised that you @dmedin  left it to this statement - usually you're significantly more effective in warning people of the hazards we face as retail punters IMHO - I think you definitely had stronger moments. you know what I would find useful:  having a separate, focused thread for insults  - I'm sure by now the respective targets wouldn't mind (to not again say not give a ****), and other discussions could become - let's say "leaner". I genuinely think I got a lot of valuable insights from many of your posts here, and I highly appreciate the honest feedback, and I also believe you have good intentions. I don't know about any history between you, jlz, THT, and Caseynotes.  I further think you play an important role here in this forum and I look forward to more productive discussions with you. But the post quoted above was a new low.     
    • Wall Street holding up still 🤔  
    • I'd given up on Dax but here it comes!  
×
×