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The decline in Japanese tech stocks led to a temporary drop below the 38,000 yen level.
The Nikkei average continued to decline, closing at 38,142.37 yen, down 95.42 yen (with an estimated Volume of 1.8 billion 50 million shares). In the previous day's USA market, tech stocks were sold off, leading to a focus on selling semiconductor-related stocks in the Tokyo market. The Nikkei average dropped to 37,742.76 yen during the mid-morning session, also dipping below the key level of 38,000 yen at times. However, many are eager to wait for the earnings report from USA semiconductor giant NVIDIA, which is scheduled for early tomorrow morning Japan time.
JP Movers | Furukawa Electric Rose 4.36%, Leading Nikkei 225 Components, Fujikura Topped Turnover List
Market sentiment was stable today as Nikkei 225 components continued to trade sideways, with Furukawa Electric(5801.JP) being the top gainer today, rising 4.36% to close at 6685.0 yen. In addition, the top loser was M3(2413.JP)，falling 5.30% to end at 1893.0 yen.
Today's flows: 02/26 Fujikura saw an inflow of JPY¥ 3.68 billion, Tokyo Electron saw an outflow of JPY¥ 17.25 billion
On February 26th, the TSE Main Market saw an inflow of JPY¥ 751.19 billion and an outflow of JPY¥ 826.7 billion.$Fujikura(5803.JP)$, $Sony Group(6758.JP)$ and $IHI(7013.JP)$ were net buyers of JPY¥ 3.
The Nikkei average is down about 330 yen, with negative contributions from Tokyo Electron, SoftBank Group, and Konami Group being the highest.
As of 12:46 PM on the 26th, the Nikkei average stock price is around 37,900 yen, down approximately 330 yen from the previous day. In the afternoon session, buying became dominant, reducing the decline as it started. Since then, it has been steadily trending. The exchange rate is currently at about 149 yen and 40 sen per dollar, moving slightly in the direction of yen depreciation. In terms of negative contributions to the Nikkei average stock price, the top are Tokyo Electron <8035.T>, SoftBank Group <9984.T>, and Konami Group <9766.T>. For positive contributions, Fast Retailing <998.
List of cloud break stocks (Part 2) [Ichimoku Kinko Hyo - List of cloud break stocks]
○ List of stocks that have fallen below the cloud in the market Code Stock Name Closing Price Leading Span A Leading Span B Tokyo Main Board ＜1662＞ Petroleum Resources 1118 1147.75 1122.5 ＜1969＞ Takasago Thermal 5421 6199.75 5647.5 ＜2108＞ Beet Sugar 2334 2350.25 2398 ＜2168＞ Pasona 1994 2025.75 2003 ＜2305＞ Studio Alice 2050 2104.
The trends of ADR on the 25th = INPEX, Sony Group Corp, Advantest, etc. are down in yen conversion.
On the 25th, the American Depositary Receipts (ADR) showed a general decline compared to the closing price in Tokyo on the same day, when converted to yen. In yen terms, INPEX <1605.T>, Sony Group Corp <6758.T>, Advantest <6857.T>, Tokyo Electron <8035.T>, and Mitsubishi UFJ <8306.T> were among those that declined. Shin-Etsu Chemical <4063.T>, Fujifilm <4901.T>, Toyota <7203.T>, Nomura <8604.T>, and SoftBank Group <9984.T> also showed weakness. Provided by Wealth.
JFL : hows the software accuracy ?
10baggerbamm OP JFL : let me say it this way yesterday I ran 5 minute increments to see how well it would run on daily trades that's why I wasn't too active in posting
it was right 90% of the time intraday yesterday
so those were day trades that it triggered buys on and sells which is astounding accuracy
I ran 2 years worth of my prior trades over the weekend specifically my losses I wasn't so much worried about my winners I wanted to see by back testing would it have initiated a cell to mitigate my losses and I don't mean obviously if you hold a stock through earnings and I get a gap down there's no software that's going to help you
it ran last weekend when I back tested a little over 75% accurate for the companies I lost money in
this is a very expensive program I'm sharing the cost with a couple of my buddies that have enormous accounts I mean I have a large one and I've shared the size and the past these guys are worth 30 million 50 million dollars they're worth a shit ton of money compared to me.. and they are very active where I take a full position say is $400,000 they're doing 2+ million so exponentially larger than me.
still learning it and what I'm trying to do is I'm trying to leverage my background with the software because what I don't want to do is I don't want to trade a shit company I don't want to trade a company that blew the earnings Mr guidance and you're stepping on a downgrade from a brokerage firm any day you're stepping on the company guiding lower a cancellation of an order so I'm trying to eliminate potential problems despite the software saying by this stock
JFL 10baggerbamm OP : i always your follower to read every single post you write.