My personal portfolio
Comment of the Day

January 27 2015

Commentary by David Fuller

My personal portfolio

A trade reopened

David Fuller's view

Japan’s Nikkei 225 Average spent a very long time consolidating its explosive move to the upside which commenced in 4Q 2012.  In November 2014 the Nikkei finally broke up out of this pattern and has subsequently been consolidating those gains in a narrower range just beneath the 2007 (Koizumi) highs.  I think Shinzo Abe is likely to win his battle to revive Japan’s economy and stock market, shaking off deflation in the process.  I bought the March NKY contract at 17787.50 early this morning and may add to this position within the current range.  This price includes all spread-bet dealing costs.

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