Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

Event-Driven

<ul>
<li>The <a href="https://www.smartkarma.com/entities/nikkei-225" target="_blank" data-smartkarma-citation="entities:22909:1" rel="noopener">Nikkei 225 INDEX</a> experienced a 1-week explosive rally, last week, reaching nearly +6.6% higher than the previous week's Close.</li>
<li>The index is now very overbought, can it continue to rise next week? and and how much higher can it go?</li>
<li>Go SHORT in the 36000-38350 price area, but the trade is not without risk.</li>
</ul>


The Nikkei 225 INDEX experienced a 1-week explosive rally, last week, reaching nearly +6.6% higher than the previous week's Close.
The index is now very overbought, can it continue to rise next week? and and how much higher can it go?
Go SHORT in the 36000-38350 price area, but the trade is not without risk.


EQD | Nikkei 225 WEEKLY Lift Off: Can It Go Higher?

<ul>
<li>The <a href="https://www.smartkarma.com/entities/nikkei-225" target="_blank" data-smartkarma-citation="entities:22909:1" rel="noopener">Nikkei 225 (NKY INDEX)</a> is about to close up for the 3rd consecutive week (CC=+3), it's towards the Q3 resistance level at 33984: it's short-term overbought.</li>
<li>There is a good chance that the index will pull back in the next 1-3 weeks, at the moment it looks like the rally has "stalled".</li>
<li>The pullback may be an opportunity to buy again, and ride a rebound to previous highs, we will discuss LONG levels in a separated insight.</li>
</ul>


The Nikkei 225 (NKY INDEX) is about to close up for the 3rd consecutive week (CC=+3), it's towards the Q3 resistance level at 33984: it's short-term overbought.
There is a good chance that the index will pull back in the next 1-3 weeks, at the moment it looks like the rally has "stalled".
The pullback may be an opportunity to buy again, and ride a rebound to previous highs, we will discuss LONG levels in a separated insight.


EQD | The Nikkei Will Pullback Within 1-3 Weeks

<ul>
<li>The <a href="https://www.smartkarma.com/entities/nikkei-225" target="_blank" data-smartkarma-citation="entities:22909:1" rel="noopener">Nikkei 225 (NKY INDEX)</a> closed the week down (CC=-2) at 32307.86, it's OVERSOLD, WEEKLY and MONTHLY. </li>
<li>Our hypothesis is that this pullback is about to end (it could last maybe another week, or maybe it's already over...), and will be followed by higher prices.</li>
<li>Go LONG the Nikkei 225 in the support area between 31000 and 32000, this coming week.</li>
</ul>


The Nikkei 225 (NKY INDEX) closed the week down (CC=-2) at 32307.86, it's OVERSOLD, WEEKLY and MONTHLY. 
Our hypothesis is that this pullback is about to end (it could last maybe another week, or maybe it's already over...), and will be followed by higher prices.
Go LONG the Nikkei 225 in the support area between 31000 and 32000, this coming week.


<ul>
<li>After a strong rally in November, the Nikkei is currently in a temporary corrective phase, reaching between the Q1 and Q2 support levels of the MRM LONG chart. </li>
<li>There are 2 possible paths from here: 1) a modest pullback, followed by a rally into the end of December, 2) a dive to &lt;= 31672, and December closes down.</li>
<li>Both these scenarios offer very good seasonal LONG odds for January closing up (based on our SRM model), so we suggest going LONG the Nikkei 225 on the pullback.</li>
</ul>


After a strong rally in November, the Nikkei is currently in a temporary corrective phase, reaching between the Q1 and Q2 support levels of the MRM LONG chart. 
There are 2 possible paths from here: 1) a modest pullback, followed by a rally into the end of December, 2) a dive to &lt;= 31672, and December closes down.
Both these scenarios offer very good seasonal LONG odds for January closing up (based on our SRM model), so we suggest going LONG the Nikkei 225 on the pullback.


<ul>
<li>The <a href="https://www.smartkarma.com/entities/nikkei-225" target="_blank" data-smartkarma-citation="entities:22909:1" rel="noopener">Nikkei</a> closed the month of October down, 4 months down in a row (CC=-4), very OVERSOLD MONTHLY. The 30600 support indicated in our last MONTHLY insight did hold somehow. </li>
<li>We think the Nikkei could continue to rally in November, but this explosive, fast rally, at one point will have to retrace back, before it can continue up. </li>
<li>The index could rally for 2 months, into December. The target prices for the end of the rally are near 34000.</li>
</ul>


The Nikkei closed the month of October down, 4 months down in a row (CC=-4), very OVERSOLD MONTHLY. The 30600 support indicated in our last MONTHLY insight did hold somehow. 
We think the Nikkei could continue to rally in November, but this explosive, fast rally, at one point will have to retrace back, before it can continue up. 
The index could rally for 2 months, into December. The target prices for the end of the rally are near 34000.


EQD | Nikkei 225 (NKY)'s November Rally: How Far Can It GO?

Japan

The Nikkei-225 Stock Average is a price-weighted average of 225 top-rated Japanese companies listed in the First Section of the Tokyo Stock Exchange. The Nikkei Stock Average was first published on May 16, 1949, where the average price was ¥176.21 with a divisor of 225. 

Nikkei 225 (NKY INDEX)

EQD | Nikkei 225 WEEKLY Lift Off: Can It Go Higher?

The Nikkei 225 INDEX had a strong rally last week, but it is now overbought and there are doubts about its ability to continue rising. A short...

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EQD | The Nikkei Will Pullback Within 1-3 Weeks

The Nikkei 225 is overbought and likely to pull back soon, but this could present a buying opportunity for a rebound to previous highs.

Nico Rosti

EQD | Nikkei 225 WEEKLY Analysis

The Nikkei 225 closed the week down and is oversold, but our models suggest that the pullback is ending and higher prices may follow. The...

Nico Rosti

EQD | Nikkei 225 MONTHLY Analysis

The Nikkei is in a temporary correction phase, with 2 possible paths ahead: a modest pullback followed by a rally, or a dive below 32000 with...

Nico Rosti

EQD | Nikkei 225 (NKY)'s November Rally: How Far Can It GO?

The Nikkei closed October down, 4 months down, OVERSOLD, now rallying in November but will retrace back if it goes up too fast. The rally could...

Nico Rosti

EQD | Nikkei 225 WEEKLY Lift Off: Can It Go Higher?

​The Nikkei 225 INDEX had a strong rally last week, but it is now overbought and there are doubts about its ability to continue rising. A short...

Nico Rosti

EQD | The Nikkei Will Pullback Within 1-3 Weeks

​The Nikkei 225 is overbought and likely to pull back soon, but this could present a buying opportunity for a rebound to previous highs.

Nico Rosti

EQD | Nikkei 225 WEEKLY Analysis

​The Nikkei 225 closed the week down and is oversold, but our models suggest that the pullback is ending and higher prices may follow. The...

Nico Rosti

EQD | Nikkei 225 MONTHLY Analysis

​The Nikkei is in a temporary correction phase, with 2 possible paths ahead: a modest pullback followed by a rally, or a dive below 32000 with...

Nico Rosti

EQD | Nikkei 225 (NKY)'s November Rally: How Far Can It GO?

​The Nikkei closed October down, 4 months down, OVERSOLD, now rallying in November but will retrace back if it goes up too fast. The rally could...

Nico Rosti

The Nikkei 225 INDEX had a strong rally last week, but it is now overbought and there are doubts about its ability to continue rising. A short...

The Nikkei 225 is overbought and likely to pull back soon, but this could present a buying opportunity for a rebound to previous highs.

The Nikkei 225 closed the week down and is oversold, but our models suggest that the pullback is ending and higher prices may follow. The...

The Nikkei is in a temporary correction phase, with 2 possible paths ahead: a modest pullback followed by a rally, or a dive below 32000 with...

The Nikkei closed October down, 4 months down, OVERSOLD, now rallying in November but will retrace back if it goes up too fast. The rally could...