What to watch: Key earnings reports begin Wednesday 4/23; Friday 4/25: CPI for March (April for select metropolitan areas)
Ongoing: External factors will inevitably weigh on domestic stocks (bullishness in the U.S. helped pull the Nikkei up to a multi-week high by week’s end).

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COTs Bull the Nikkei, End 8-Month Bearish Signal

(COTs Timer,
10/3/08)

New […]

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What to watch: Japanese earnings forecast (downward) revisions; U.S. earnings releases; Tuesday; 4/15 Mansion (condo) sales for March; Wednesday 4/16 U.S. CPI for March
Ongoing: External factors; Investors are apprehensive of bad news; General Electric (GE: 21.00 -2.33%) delivered worse than expected earnings early Friday, sparking a broad market selloff in the U.S. Shares of GE […]

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What to watch: Monday, 4/7: Cabinet Office’s Diffusion Index of Economic Indicators; Tuesday, 4/8: Cabinet Office’s “Economy Watchers” Survey; Tues-Weds. Bank of Japan Monetary Policy Meeting; Thursday, 4/10: Cabinet Office’s Machinery Orders for February; Friday, 4/11: Bank of Japan — Producer Price Index (PPI); Fri-Sat. G7 meeting of Finance Ministers

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Japan Starting […]

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What to watch: Monday, 3/31: February Industrial Production; Tuesday, 4/1: Tankan (watch capex spending outlook and yen/dollar predictions — the FY07 second-half ¥/$ prediction for the December survey was 113.79 compared to 114.23-33 in the Sept. and Mar. surveys and a most recent quote of about ¥99).

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COTs Bull the Nikkei, End […]

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What to watch: Monday, 3/24: Business Outlook Survey; Land Prices; Friday, 3/28: CPI
Ongoing: BoJ disarray (Nikkei reports results of a poll showing 41% of respondents blame LDP for chief-seat vacancy vs. 27% for DPJ); Pointless speculation of rate cut (next BoJ rate decision meeting April 8-9); Fukuda Cabinet support rate drops 9 points m-o-m to […]

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The Nikkei 225 has been a marked laggard compared to regional and global benchmarks over the past year. To make matters worse, the Nikkei fails to sustain rallies and faces ongoing sell pressure resulting in new multi-year lows of late (now at 2 years and 7 months). As of Friday’s (3/14) close of 12,241, the […]

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Japanese stocks continued to face selling pressure last week (-1.7% on the week) until a sharp reversal during the morning session on Friday. In fact, the Nikkei 225 fell below 15,000 early Friday and was in a six-session losing streak until a fractionally higher close Thurs. The N225’s Fri. close of 15,257 doesn’t leave much […]

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The Nikkei recovered 16,000 intra-week last week, but fell back towards the 15,500 level by Friday in an event-heavy week. It seems unlikely the N225 will re-test 16,000 this week as trading slows ahead of the Christmas holiday in the U.S.

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COTs Bull the Nikkei, End 8-Month Bearish Signal

(COTs Timer,
10/3/08)

Nikkei Large […]

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Market sentiment in Japan has markedly improved in recent trading, with the benchmark N225 up more than 7% in the past two weeks — advancing 1.8% last week to end at 15,956.37, breaking through 16,000 (to 16,107.65 intra-day) for the first time in a month. This week we have four key items, including [1.] domestic […]

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Investor sentiment improved drastically last week as the Nikkei 225 Stock Average gained 5.3% to end the week at 15,680.67. There were a number of factors supporting stocks, particularly later in the week as N225 futures in Chicago traded at a premium to Osaka. U.S. stocks and investor interest in Japan was helped by conviction […]

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