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The charts and comments in my Blog (posted in Eastern Time) represent my technical analysis and observations of a variety of markets...
*World Indices *U.S. Indices *Futures *U.S. Equities & Sectors *ETFs *Commodities *Forex
...an expanded version of the "Observations" section in my private Daily Trading Journal.

*** N.B. to my readers: Although I stopped trading in July 2013, I still take a peek at the markets now and then and post the occasional article here on my Blog.
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Monday, 21 November 2011

Japan's Nikkei Stock Futures Index Hovers...

As I write this today, Japan's Nikkei Stock Futures Index, NKD, is hovering just above the lows that were made after the earthquake in March this year, as shown on the Daily chart below...the critical level of support is 8200, which is in danger of being broken today after last night's drop and continuing push downward since the market open. It's an index I've been tracking since the earthquake, since the U.S. Major Indices have tended to trend similarly to it, although the NKD has been exhibiting greater weakness in October and November. It appears to be forming a bearish cup & handle...we'll see whether this forecasts further weakness in the U.S. equities markets in the days/weeks ahead...I'm watching 8200 closely...