EWJ is liquid but it does NOT mirror N225 like a $JPDOW. I think it was created more for marketing and fund expense purposes. How can a Japan ETF managed by M.S. geniuses underperform N225 by +8% in 3 months? http://finance.yahoo.com/q/ta?s=^N225&t=3m&l=on&z=l&q=c&p=m200,m50,m200,m50&a=&c=ewj
i'm just saying that it's another means for Japanese exposure for those who are not set-up to trade the N225. even as it underperforms, it's a rough way to buy Japan for a quick trade. on Monday EWJ was down more than N225, probably in anticipation of further selling on Tuesday. so today, Tuesday, EWJ was up more than N225 to correct itself.
Liquidity is crap. Only 1-2 MMs on the floor offer quotes, and will always be worse than what is available in Osaka. On any given day you can go to the Simex website and see volume traded by strike for that day.
Hey Brian, The difference is mostly because of the Yen on the day the index crashed so did the Yen... Trivia Question. Where can I trade DJ Nikkei and ESTXX etf's on Sundays? Alex
Amazing moves this week. Press citing poor machinery orders for the selloff. No position this morning. Geo
It's been the most oversold of all the major world benchmarks. Technically, the daily, 60m, and 30m charts look due for a reversal. Maybe a 10750 stop. It's about where the SPX is relative to the 200d MA but without the Iraq crisis.
well it didn't hit my target of 10720 but i decided to go long 20 contracts @ 10765 with a stop @10610. we'll see what happens.
def and et al, do you guys know how to do that? what is needed? and which contract is tradeable on IB? Simex? CME? Osaka? thanks -misc