SGX Nikkei 225 futures trading: May 2006

Wednesday, May 31, 2006

20060531 Nikkei 225 futures has big gap down. So the bearish formation bore itself out, albeit a big chunk of potential profits are taken from the gap down. Posted by Picasa

Tuesday, May 30, 2006

20060530 Nikkei 225 futures down candle reinforces the 'dark cloud cover' pattern from yesterday. Looks like the lows will be tested again. Posted by Picasa

Monday, May 29, 2006

20060529 A bearish engulfing candlestick pattern, unable to maintain the gap up. Nikkei 225 futures looks weak, looking for further weakness ahead. Posted by Picasa

Friday, May 26, 2006

20060526 In contrast to the HSI, Nikkei 22t gaps up and closes near high. 3 candle morning star pattern indicates reversal in prograess, targeting the moving averages above. Posted by Picasa

Thursday, May 25, 2006

20060525 Rebounds off a not quite 'bullish haromi' pattern from 2 days ago. Posted by Picasa

Wednesday, May 24, 2006

20060524 An Engulfing Bullish and Piercing line combo candle. A powerful reversal signal. Posted by Picasa

Tuesday, May 23, 2006

20060523 Nikkei 225 weakest market in the region, not much bounce. Could be due to movement in the Japanese Yen. Posted by Picasa

Monday, May 22, 2006

20060522 Buying on Nikkei 225 unable to sustain in the wake of regional contation from Bombay 10% fall. Posted by Picasa

Friday, May 19, 2006

20060519 2nd consecutive up day. Close enough to tweezer bottom formation to be optimistic for trade in early part of next weeek, supporting small rally. Posted by Picasa

Thursday, May 18, 2006

20060518 Nikkei 225 coming into some oversold levels. Posted by Picasa

Wednesday, May 17, 2006

20060517 N225 rebounds i line with regionals. But how long can it last? Posted by Picasa

Tuesday, May 16, 2006

20060516 Nikkei 225 futures continues the selling action, looks to be more desperate than the buyers. Indications for more downside, supported by the negative momentum. Posted by Picasa

Monday, May 15, 2006

20060515 Nikkei 225 June futures gaps down in response to weak US markets. Coincidentally after SGX close, metals, gold, silver and crude oil drops 5 to 12% in London trade. Posted by Picasa

Friday, May 12, 2006

20060512 Nikkei 225 looks to have confirmed a triple top formation. Posted by Picasa

Thursday, May 11, 2006

20060511 Nikkei 225 futures continues the weak trend down, however forms a spinning top pattern today. Watching for a possible reversal pattern or continuation of the weakness. Posted by Picasa

Tuesday, May 02, 2006

20060502 Nikkei 225 futures gains strongly ahead of the 3 day Japanese Golden week holiday. The close above moving average could signal continuation next week when the Japanese stock market resumes trading. Posted by Picasa