Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Cross Asset Strategy

<ul>
<li>A monthly review of how the markets and our themes are currently performing</li>
<li>Analysing what went wrong and what went right in stocks and sectors</li>
<li>Highlighting positions added or removed from the thematic investment portfolio</li>
</ul>


A monthly review of how the markets and our themes are currently performing
Analysing what went wrong and what went right in stocks and sectors
Highlighting positions added or removed from the thematic investment portfolio


November Themes and Thematic Portfolio Review

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> has been rallying a bit last week and closed the week up. A rebound from the previous downtrend is underway. </li>
<li>A temporary bottom may have been established in May, it is not clear if the index is about to go lower or higher, but our pattern model readings suggests <em>higher</em>.</li>
<li>If the index continues to rally, the first major resistance area will be around 40k.</li>
</ul>


The Nikkei 225 INDEX has been rallying a bit last week and closed the week up. A rebound from the previous downtrend is underway. 
A temporary bottom may have been established in May, it is not clear if the index is about to go lower or higher, but our pattern model readings suggests higher.
If the index continues to rally, the first major resistance area will be around 40k.


<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 closing the month of April in negative territory, first month down after 3 months up.</li>
<li>Our seasonal model indicates that May could also close down, but the index should find strong support in the 37770-36750 price area.</li>
<li>The month of May is a coin flip: the index could close up or down, caution is advised.</li>
</ul>


The Nikkei 225 (NKY INDEX) is closing the month of April in negative territory, first month down after 3 months up.
Our seasonal model indicates that May could also close down, but the index should find strong support in the 37770-36750 price area.
The month of May is a coin flip: the index could close up or down, caution is advised.


EQD | Nikkei's Downtrend Could Continue in May (But the Bottom Is Near)

<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> last week bounced back, after a 2-weeks down pullback.</li>
<li>The index is at a fork in our view: it could go higher from here, but we would like to see a sustained, multi-week rally to be convinced.</li>
<li>If doubt about this potential rally continuation is strong, target the 40500-40800 price area to place SHORT trades against the index.</li>
</ul>


The Nikkei 225 Index last week bounced back, after a 2-weeks down pullback.
The index is at a fork in our view: it could go higher from here, but we would like to see a sustained, multi-week rally to be convinced.
If doubt about this potential rally continuation is strong, target the 40500-40800 price area to place SHORT trades against the index.


EQD | Nikkei 225 What's Up Next: Up or Down?

<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> has been rallying for &gt;3 months, rising more than 28%. Is it too much, too fast?</li>
<li>Short-Term, if we look at the Market Reversal Matrix's SHORT WEEKLY model for the index, it looks like it could either reverse within a couple of weeks, or stall.</li>
<li>Look for the ~41000 resistance area to place SHORT or hedge your LONG positions.</li>
</ul>


The Nikkei 225 INDEX has been rallying for &gt;3 months, rising more than 28%. Is it too much, too fast?
Short-Term, if we look at the Market Reversal Matrix's SHORT WEEKLY model for the index, it looks like it could either reverse within a couple of weeks, or stall.
Look for the ~41000 resistance area to place SHORT or hedge your LONG positions.


EQD | Nikkei 225 Flying High, Don't Burn Your Wings....

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)

November Themes and Thematic Portfolio Review

We review overall market performance, our investment themes, highlighting additions and substractions in the thematic portfolio.

Rikki Malik

EQD | The Nikkei Can Go Higher From Here

The Nikkei 225 INDEX is showing signs of a rebound from a previous downtrend, with potential for rallying higher. The first strong resistance will...

Nico Rosti

EQD | Nikkei's Downtrend Could Continue in May (But the Bottom Is Near)

The Nikkei is closing the month of April down, and the month of May is a coin flip, but strong LONG support is found between 37770 and 36750. The...

Nico Rosti

EQD | Nikkei 225 What's Up Next: Up or Down?

The Nikkei 225 Index bounced back last week but faces uncertainty ahead: there is potential for a rally but also a short trade opportunity in the...

Nico Rosti

EQD | Nikkei 225 Flying High, Don't Burn Your Wings....

The Nikkei 225 has surged over 28% in 3 months, prompting questions of whether it's too much too soon. Watch for a potential reversal within 2...

Nico Rosti

November Themes and Thematic Portfolio Review

We review overall market performance, our investment themes, highlighting additions and substractions in the thematic portfolio.

Rikki Malik

EQD | The Nikkei Can Go Higher From Here

​The Nikkei 225 INDEX is showing signs of a rebound from a previous downtrend, with potential for rallying higher. The first strong resistance will...

Nico Rosti

EQD | Nikkei's Downtrend Could Continue in May (But the Bottom Is Near)

The Nikkei is closing the month of April down, and the month of May is a coin flip, but strong LONG support is found between 37770 and 36750. The...

Nico Rosti

EQD | Nikkei 225 What's Up Next: Up or Down?

​The Nikkei 225 Index bounced back last week but faces uncertainty ahead: there is potential for a rally but also a short trade opportunity in the...

Nico Rosti

EQD | Nikkei 225 Flying High, Don't Burn Your Wings....

​The Nikkei 225 has surged over 28% in 3 months, prompting questions of whether it's too much too soon. Watch for a potential reversal within 2...

Nico Rosti

The Nikkei 225 INDEX is showing signs of a rebound from a previous downtrend, with potential for rallying higher. The first strong resistance will...

The Nikkei 225 Index bounced back last week but faces uncertainty ahead: there is potential for a rally but also a short trade opportunity in the...

The Nikkei 225 has surged over 28% in 3 months, prompting questions of whether it's too much too soon. Watch for a potential reversal within 2...