Which stock markets remain in form? Many do but they are mostly led by developed countries. There are also risks following the five-year bull market, 2013’s exceptional gains and a negative January 2014 effect. Nevertheless, monetary policy remains generally accommodative, not least in Japan, the EU and also the USA despite QE tapering. Fuller Treacy Money expects a somewhat choppy year for stock markets. Also, 2Q and 3Q are less bullish on average.
I have long-term investments in Japan and decided to open a trading position in the NKY 225 Index (weekly & daily) as well because it has steadied near its 200-day moving average. Also, the Yen’s rally (shown inversely) may have ended and a push back above ¥105 against the US Dollar would be generally good for Japan’s competitiveness and corporate profits. I paid 14,895 for March NKY, including spread-bet dealing costs.Back to top