Archive | April 11, 2007

Nothing Doing on the Nikkei

By on April 11, 2007 in Market Summary

No real reason or news to prompt heavy buying or selling today, ahead of SQ this Friday and Q1 (U.S.) and Q4 (Japan) earnings season. The Nikkei 225 closed fractionally higher, 0.03% to 17,670.07. TOPIX gained 0.2% to 1,739.01. TOPIX 1st section decliners outnumbered advancers 934 x 639 (154 unchanged). JASDAQ’s slump continues as it [...]

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Keep an Eye on Shinsei Bank

By on April 11, 2007 in General

Although Shinsei Bank (JP: 8303) recently traded as low as ¥543 intra-day, on 3/29, we think this is a stock to watch in the lagging financial sector. It could be a trade, but we are eyeing a longer-term position. It had a 9.4% run from the low on 3/29 to Monday’s intra-day high of ¥594 [...]

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Dow Makes it 8 Straight

By on April 11, 2007 in Market Summary

If you have CNBC then you already know all about this. If not, you’re not missing much except: (1) it’s the longest rally since March ’03, and (2) the Dow is up a whopping 2.2% during this period! Nikkei 225 futures in Chicago by the way, were last trading down 70 at 17,690, versus a [...]

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