Nikkei

BrianLA · May 11, 2004

EWJ is liquid but it does NOT mirror N225 like a $JPDOW. I think it was created more for marketing and fund expense purposes. How can a Japan ETF managed by M.S. geniuses underperform N225 by +8% in 3 months?

http://finance.yahoo.com/q/ta?s=^N225&t=3m&l=on&z=l&q=c&p=m200,m50,m200,m50&a=&c=ewj

mgarc · May 11, 2004

Quote from BrianLA:

I think $JPDOW mirrors N225 much better than EWJ, which probably was created solely for marketing and fund expense purposes. How can a Japan ETF managed by M.S. geniuses underperform N225 by +8% in 3 months?

http://finance.yahoo.com/q/ta?s=^N225&t=3m&l=on&z=l&q=c&p=m200,m50,m200,m50&a=&c=ewj

i'm just saying that it's another means for Japanese exposure for those who are not set-up to trade the N225.

even as it underperforms, it's a rough way to buy Japan for a quick trade.

on Monday EWJ was down more than N225, probably in anticipation of further selling on Tuesday. so today, Tuesday, EWJ was up more than N225 to correct itself.

BlueHorseshoe · May 11, 2004

Quote from shivastar:

does anyone trade the Nikkei 225 Simex options?
I trade the futures but was wondering what the liquity is like?
It looks like anything otm is dead.

Thanx

shivastar

Liquidity is crap. Only 1-2 MMs on the floor offer quotes, and will always be worse than what is available in Osaka. On any given day you can go to the Simex website and see volume traded by strike for that day.

ksm · May 12, 2004

Quote from BrianLA:

EWJ is liquid but it does NOT mirror N225 like a $JPDOW. I think it was created more for marketing and fund expense purposes. How can a Japan ETF managed by M.S. geniuses underperform N225 by +8% in 3 months?

http://finance.yahoo.com/q/ta?s=^N225&t=3m&l=on&z=l&q=c&p=m200,m50,m200,m50&a=&c=ewj

Hey Brian,
The difference is mostly because of the Yen on the day the index crashed so did the Yen...

Trivia Question.
Where can I trade DJ Nikkei and ESTXX etf's on Sundays?
Alex

shivastar · May 13, 2004

down 300. looks like 10720 coming.

Trader5287 · May 13, 2004

Quote from shivastar:

down 300. looks like 10720 coming.

Amazing moves this week. Press citing poor machinery orders for the selloff. No position this morning.

Geo

BrianLA · May 14, 2004

It's been the most oversold of all the major world benchmarks. Technically, the daily, 60m, and 30m charts look due for a reversal. Maybe a 10750 stop. It's about where the SPX is relative to the 200d MA but without the Iraq crisis.

shivastar · May 14, 2004

well it didn't hit my target of 10720 but i
decided to go long 20 contracts @ 10765 with a stop @10610.
we'll see what happens.

shivastar · May 17, 2004

Quote from shivastar:

well it didn't hit my target of 10720 but i
decided to go long 20 contracts @ 10765 with a stop @10610.
we'll see what happens.

got out @10695.looking pretty hairy right now...

misctrader · May 17, 2004

def and et al,

do you guys know how to do that? what is needed? and which contract is tradeable on IB? Simex? CME? Osaka?

thanks

-misc