EWJ - Isn't Japan in a recession?EWJ just double topped, country is in a recession FFS.
Grabbed some March puts.
Key stats
About iShares MSCI Japan Index Fund
Expense ratio
0.50%
Home page
Inception date
Mar 12, 1996
ISIN
US46434G8226
EWJ provides broad exposure to the Japanese equity market. It was the first Japan-focused ETF to launch in 1996 and quickly became the bellwether for US-based investors wanting Japanese market exposure. The fund excludes the bottom 15% of Japanese companies by market cap, which tilts it slightly larger than our broad benchmark. Otherwise, EWJ is well aligned with the Japanese stock market. While its headline expense ratio stands out as high versus segment peers, actual holding costs as measured by tracking data are more competitive. The fund is a titan when it comes to both on-screen and block liquidity. Ease of trading and massive AUM make EWJ a staple in the segment and combined with marketlike exposure earn the nod for Analyst Pick.
Classification
What's in the fund
Exposure type
Finance
Producer Manufacturing
Consumer Durables
Electronic Technology
Stock breakdown by region
EWJ(apan) - Disconnect with realityLast 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
EWJ - LONG to $80-$87USDJPY goes down - Japanese stocks go up
The annual inflation rate in Japan rose to 3.5% in April 2023. From 2015 it was near 0-1%.
Companies have a lot of cash, do huge buybacks.
EWJ Straddle/Trade planAlthough EWJ is not the most popular fund among retail traders, the creation of a neutral position on it at around 800,000$ suggests greater interest on the part of professional market participants, and thus we can expect fairly predictable moves at support/resistance borders.
Too early to buy JapanPrice 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!
Short JapanNo 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
Nikkei broke out of downwards trend.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 ter
NIPPON is back?Multi decade channel with iron resistance level seems to have broken. Retest underway for months.What will happen next?
Short JapanAsia 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.
See all ideas