Nikkei swing long – so far so good, 500 pts onside.

UPDATE (3) – 13,800 HIT OVERNIGHT AND A STRAIGHT LINE DOWN SINCE THEN. WE ARE OUT OF THE LONG POSITION FOR A NICE TURN AND NOW SIT WAITING FOR 12780 AS OUR NEXT RE ENTRY LEVEL – PRECISELY 20% FROM THE HIGH’S AT 16000 AND LIKELY SITE OF ANOTHER SHARP BOUNCE.

UPDATE (2) – 8AM NICE TO WAKE UP AND SEE THE POSITION 500 PTS ON SIDE WITH THE NIKKEI AT 13600. FOR ANY FOLLOWERS, WE MOVE OUR STOP TO 13,297 ON 50% OF THE POSITION. IF YOU WANT TO INVEST WITH US OVER THE NEXT FEW WKS AS THE TITAN STABLE OF FUNDS ARE OPENED UP AS WE RECEIVE OUR FCA APPROVALS, EMAIL US AT INFOR@TITANIP.CO.UK OR CLICK THE IMAGE BELOW AND REGISTER YOUR INTEREST.

UPDATE- WITH THE YEN BREAKING THE 100 LINE, IT HAS TAKEN NIKKEI FUTURES DOWN TO 13000 – WE HAVE DIPPED ANOTHER TOE IN THE POSITION HERE (13000) WITH BID’S LOWER DOWN @ 12800 IN CASE OF ANY GAP DOWN TONIGHT

Having fallen over 17% now from the peak just shy of 16,000 only 7 trading days ago, we think it’s time to take a swing long back towards the 14,000 level in the Nikkei. As ever, build the position between 13,200 (currently) and leave ammo down to around 12,500 for a doubling up should there be another final short term rout that is likely precipitated by a move in the USDYEN pair below 100 and maybe down to 98.