Holy Fukushima! Tora! Tora! Tora! (more…)
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
The Nikkei “Pop-and-Drop”
I last wrote about Japan’s Nikkei e-mini Futures Index (NDX) on February 8th.
Since then, price rallied a staggering 4850 points to a high of 16020 (reached earlier this week) and promptly dropped 2020 points as of 12:45 pm EST today (Friday), as shown on the Weekly chart below. You can see that this week’s candle is in the midst of forming an enormous outside bar, encompassing the past two weeks. This candle’s low of 14000 has hit a confluence zone of several external Fibonacci retracement levels. (more…)
There Goes Tokyo
There Goes Tokyo
The Nikkei 225 managed to claw back almost a percentage point during Friday’s trading session in Japan, after its brutal drop on Thursday. Recall that we looked at hedging the MSCI Japan Index ETF (EWJ) in our post last Saturday (“Big in Japan“). In this post, we’ll take a quick look at how those puts reacted to that Japan ETF’s drop on Thursday, and how the cost of hedging that ETF rose after Thursday’s drop. (more…)
The Quick and the Dead
For me, one of the big appeals of down-markets is that they are really, really fast. Most of you know the Nikkei got absolutely slaughtered last night (can you imagine waking up to a Dow that was down over 1000 points? Oh, the glory!)
The chart below captures it nicely; twenty days of bulls mincing, prancing, getting their hair done, and picking out furniture together – – – all laid waste in a single session. God bless our bearish brethren.
Big in Japan
Fellow Slopers,
In a post earlier this week (“Shorting Japanese Hockey Stick”), our host noted how Japanese stocks have been going nuts since Abenomics was unleashed (quantitative easing about 4x as large as we’ve had in the US). In this post, we’ll talk a look at the current hedging costs of a handful of the iShares MSCI Japan Index ETF (EWJ) and a handful of US-traded Japanese stocks. First though, I thought I’d share a quick article about one of our host’s favorite companies, Tesla Motors (TSLA). (more…)
