EWJ - How to identify a plausible targetThis idea is for investors as I'm analyzing the chart in weekly and trying to identify fair targets for a long position. First you need a donchian line which is basically the middle between the highest high and the lowest low during the last 52 weeks.
Using this donchian line (nb. which is part of
Key stats
About iShares MSCI Japan Index Fund
Home page
Inception date
Mar 12, 1996
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
EWJ provides broad exposure to the Japanese equity market. It was the first Japan-focused ETF to launch in 1996 and quickly became the bellwether for US-based investors wanting Japanese market exposure. The fund excludes the bottom 15% of Japanese companies by market cap, which tilts it slightly larger than our broad benchmark. Otherwise, EWJ is well aligned with the Japanese stock market. While its headline expense ratio stands out as high versus segment peers, actual holding costs as measured by tracking data are more competitive. The fund is a titan when it comes to both on-screen and block liquidity. Ease of trading and massive AUM make EWJ a staple in the segment and combined with marketlike exposure earn the nod for Analyst Pick.
Classification
What's in the fund
Exposure type
Finance
Consumer Durables
Electronic Technology
Producer Manufacturing
Stock breakdown by region
Top 10 holdings
Shorting the Japan ETFPersonally, I would not advise using the leverage, 2x or even 3x Bear ETFs unless you are super confident and knows and can accept the RISKS involved. U win 2 or 3 x but also loses 2 or 3x, can you really accept it ? The question you should always ask no matter what indicators or gurus telling you,
EWJ(apan) - Disconnect with realityLast year the Euro markets hit all time highs (ATH) during a recession, not it's Japan's turn, lol.
Recession:
www.nytimes.com
The amount of disconnect between the stock market and reality is truly amazing. It just goes to show it's all about money supply and not fundamentals. Difficult to short
EWJ Straddle/Trade planAlthough EWJ is not the most popular fund among retail traders, the creation of a neutral position on it at around 800,000$ suggests greater interest on the part of professional market participants, and thus we can expect fairly predictable moves at support/resistance borders.
Nikkei broke out of downwards trend.I cannot get as clean of lines in TV as I did in yahoo for this index.
i.imgur.com
I said yesterday it broke out, as it was just over recent downwards trend. (as you can see in the yahoo chart's screenshot, attached is my statement below)
i.imgur.com
This morning it touched the top of the longer ter
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.