EWJ trade ideas

AndreyVasylyuk Updated 

USDJPY goes down - Japanese stocks go up The annual inflation rate in Japan rose to 3.5% in April 2023. From 2015 it was near 0-1%. Companies have a lot of cash, do huge buybacks.

hungry_hippo Updated 

EWJ just double topped, country is in a recession FFS. Grabbed some March puts.

hungry_hippo

Last year the Euro markets hit all time highs (ATH) during a recession, not it's Japan's turn, lol. Recession: www.nytimes.com The amount of disconnect between the stock market and reality is truly amazing. It just goes to show it's all about money supply and not fundamentals. Difficult to short anything right now.

ClashChartsTeam Updated 

Although EWJ is not the most popular fund among retail traders, the creation of a neutral position on it at around 800,000$ suggests greater interest on the part of professional market participants, and thus we can expect fairly predictable moves at support/resistance borders.

Bleck Updated 

Price is making lower lows and lower highs (trend lower) and should probably head down to the 60-58 area ! Just be patient and let the market do its job!

hungry_hippo Updated 

No reason for Japan to break out to new ATH when the rest of the world isn't. All pumped up because their PM resigned, doesn't fix any real issues. Overbought on daily

hungry_hippo Updated 

Obvious pennant forming, big move next week. I'm guessing down

Chaython

I cannot get as clean of lines in TV as I did in yahoo for this index. i.imgur.com I said yesterday it broke out, as it was just over recent downwards trend. (as you can see in the yahoo chart's screenshot, attached is my statement below) i.imgur.com This morning it touched the top of the longer term downwards trend. 29200 was my target, but looking at this TV I...

PROTRAY

Multi decade channel with iron resistance level seems to have broken. Retest underway for months.What will happen next?

hungry_hippo Updated 

Asia looked weak yesterday and they've been alternating up and down days... So shorting Japan with next week's puts. Just 15 contracts for kicks and giggles.

b6d1016fdeb149be865b678a8ac935

Check back in a couple of years.. . . . I'd normally keep an idea like this private, this is more for me than you.

caimano

We are retesting now a 25-year-old resistance level and it's a big opportunity to ride the next Japanese economy cycle. I don't want to get into the macro-economy details, I am only focused on unbiased TA and for me, this can be a good buy opportunity if the resistance becomes a support, at least the RR looks awesome. About the ETF, this IShares is the largest one...

Z-licious

Saw a big call volume at $70 for June or July. It's got my attention, but those seem aggressive and early.

XiongCC Updated 

Put in a limit order for 69 for tomorrow RTH. Target 73. Idea generated by an algo, which has 75% win rate on average for this stock.

KalleRaus Updated 

Japanese market being forgotten for decades is now sitting at all-time highs with rising 200DMA. It's building a small consolidation above the old highs. A possible long entry for the long term, potentially for years, unless the breakout collapses.

lauralea

ETF No rising wedges noted. NV is high. Not a recommendation Top 10 Holdings Toyota Motor Corp3.97% Sony Corp2.80% SoftBank Group Corp2.76% Keyence Corp2.13% Nintendo Co Ltd1.69% Takeda Pharmaceutical Co Ltd1.67% Mitsubishi UFJ Financial Group Inc1.44% Daiichi Sankyo Co Ltd1.43% Recruit Holdings Co Ltd1.37% Daikin Industries Ltd1.33%

murphycharts

Japan relative the rest of the world (excluding the United States) is eyeing a new all-time relative high..

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