In today’s briefing:
- Japan – Increasing Shorts on Some Interesting Stocks
- EQD | KOSPI 200 Shows a Bullish Pattern for the Upcoming Pullback
Japan – Increasing Shorts on Some Interesting Stocks
- There are a bunch of stocks that have underperformed the Nikkei 225 (NKY INDEX) and their peers and could be deleted from global passive portfolios early next year.
- The deletion from passive portfolios will lead to a liquidity event at the end of February where passive trackers will need to sell multiple days of ADV.
- Shorts have started to increase on some of the stocks and there will be further positioning as we near the liquidity event.
EQD | KOSPI 200 Shows a Bullish Pattern for the Upcoming Pullback
- The KOSPI 200 INDEX closed up 8 weeks in a row and breached the Inner Fence resistance target at 349, the index is now very OVERBOUGHT.
- The upcoming pullback could be an occasion to go LONG at better prices: based on pattern analysis there is a chance the correction may be a large one, albeit fast.
- Support levels to buy are in the 346-336 price area.
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