NIKKEI futures getting slaughtered.

Discussion in 'Trading' started by bond tr4der, Oct 26, 2008.

  1. chvid

    chvid

    #11     Oct 26, 2008
  2. Lets wait till it opens, no?
     
    #12     Oct 26, 2008
  3. gnome

    gnome

    Cash close on Friday was 7649. It could be the futures closed Friday during the USSA session at 7300...
     
    #13     Oct 26, 2008
  4. Well, one market that is open is the currency market. EUR:JPY is trading down again, and, unless it reverses, the trend most likely for indexes around the world is down.
     
    #14     Oct 26, 2008
  5. Osaka N225 JNIZ8 Friday close 7620
    Globex NKD NKDZ8 Friday close 7550

    Nikkei indicating -70 is how I would call it for tonight. Caveat - works better on weekdays when only 3 hours or so separates US close from Osaka open.
     
    #15     Oct 26, 2008
  6. yes agreed.

    Ex.
    SP500 low shows 835 I don't think it broke 840 Friday.

    It looks Nikkei Dec futures closed 7620 -- I don't know where those Bloomberg numbers are from... must be bad data over w/e
     
    #16     Oct 26, 2008
  7. Trader 5287, that seems right because the ES futures ask/bid shows a midpoint of about 1 full point below Friday's closing price for the ES contract. That's not a big dip at all.

    My point it, I don't think we're going to see the Asian markets gap down 5%+, they may close in that territory, but I don't think we're going to get an opening shock. Especially not based on Bloomberg's futures numbers.
     
    #17     Oct 26, 2008
  8. Oh yes, you are correct - barring negative weekend newsflows.

    During the US day on Friday N225 indicated up as much as + 350 to + 400 the way I do it (recall that they really sold off Thursday night - something like -1100 or -1300 I think)
     
    #18     Oct 26, 2008
  9. Japanese government considering banning naked short selling according to IFR. I guess they saw how well it worked here in the US.
     
    #19     Oct 26, 2008
  10. haha :)

     
    #20     Oct 26, 2008