NIKKEI 225 (NKY) Up 0.79%

NIKKEI 225 Daily Price Recap

NIKKEI 225 is up 0.79% ($161.7) since yesterday, marking the 4th day in a row an increase has occurred. Relative to other instruments in the 8 major global equity indices asset class, NIKKEI 225 ranked 6th since yesterday in terms of percentage price change. Below is a daily price chart of NIKKEI 225.

NIKKEI 225 Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. It should be noted, though, that a trend in the opposite direction, going up, exists on the 30 day timeframe. This may setup an interesting opportunity for traders looking to sell rallies in anticipation of the primary trend resuming. Or to view things another way, note that out of the past 30 days NIKKEI 225’s price has gone up 17 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about NIKKEI 225:

  • From RANsquawk:

    Asia stocks open positive as region takes impetus from the global rally, spurred by several factors including reopening of economies, treatment hopes & stimulus efforts after Germany & France proposed a EUR 500bln recovery fund; ASX 200 (+1.9%), Nikkei 225 (+2.3%), KOSPI (+2.0%)

  • From KishavanBhola:

    If you bought the Nikkei 225 on January 4th, 1991 and held until today, almost 30 years later, you’d be down 14%. This real-time example is conveniently ignored by the index-only Bogleheads whose investment philosophy is more religious than rational.

  • From bauhiniacapital:

    @nosunkcosts @goldencaskcap But the change in HSI rules for HSE/HSCEI WVR/secondary inclusion could totally change the nature of the benchmark on a forward basis (akin to the change in Nikkei 225 in April 2000).