The Nikkei is up over 4% in the last two days. Weakening yen and optimisim over an upcoming election, which ought to see the LDP return to power.
Doesn't look like any of that optimism is spilling over into western markets. Probably padding the I-fund from a little damage though.
100 G
RSI - Relative Strength Indicator DMA - day moving average
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
Sorry, not sure what the actual return on the Nikkei was today - I see 3.66% in one place, then 1.43% in another. Whatever, they're both good gains. This index must be getting oversold. Not a leader really, but could spell trouble for the I fund's potential snap back rally.
Last edited by Sensei; 11-19-2012 at 08:31 AM. Reason: not sure about validity of my OP
Looks like there was a big gap on Friday too.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
The Nikkei has been going strong for quite some time now. The yen has been on the decline, and Japan has been anticipating the fall of the DPJ (think Democrats) and the return of the more fiscally conscious LDP (think Republicans). Tonight is the election, and the LDP is winning in a landslide. There will be a new Prime Minister (Shinzo Abe - previously PM). I wonder if there will be a sell the news effect this week. Could be something to look out for if you're in the I fund, especially since that fund has been the top fund for 3 months running. We shall see.
With Japan stuckin a two-decade slump and receding behind China as the region's most important economic player, people appeared ready to turn back to the LDP, which led Japan for so many decades. To revive Japan's stagnant economy, Abe will likely push for increased public works spending and lobby for stronger moves by the central bank to break Japan out of its deflationary trap.
http://www.huffingtonpost.com/2012/12/16/japan-elections-2012-ldp-wins_n_2310527.html
Spain, Greece and Japan, hell all of them except France who is a backslider and will pay the price have seen the light while the good old USA is blind as a bat and reelected the same Big Spenders.
Being stupid is only an excuse for following a corrupt agenda.
Heads up-
Japan's Nikkei taking it in the shorts this morning.
Now down over -2.25%.
Looks like a down day ahead all over the world as futures are all turning negative.
/ES is only down a fraction... don't be lured into it, Big Ben will come to save the markets.
Operation Date1
Settlement Date Operation Type Maturity Range Expected Purchase SizePurchase Operations Mon, Jul 29, 2013 Tue, Jul 30, 2013 Outright Treasury Coupon Purchases 08/15/2020 - 05/15/2023 $2.75 - $3.50 billion Tue, Jul 30, 2013 Wed, Jul 31, 2013 Outright Treasury Coupon Purchases 02/15/2036 - 05/15/2043 $1.25 - $1.75 billion
$5.25 billion in 2 days... no worries
Rules:
- Trade what you see, not what you believe
- Don't put stuff in your signature that a Mod doesn't like
"Government exists to protect all people’s rights, not some people’s feelings." - A. Barton Hinkle
Great Tools:
http://www.CreditKarma.com
http://www.Mint.com
http://www.SaveUp.com/r/nmJ
Big up day on the Nikkei.
Now up over 2%.
Power on!
that I fund sucks with that fv. i thought the I fund was looking good at the close, but when i looked this morn it was very disaapointing. it showed a increase of .50% but only gave .11%. but i will stick with it hoping for it to make up some losses.
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
||
Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
Bookmarks