ProShares UltraShort MSCI Japan (EWV)

EWV
JPNS

I'm getting a lot of information regarding the failure of the credit markets in Japan. Already very damaged, a slowdown in Japan will f@8k the country’s credit market and the yen one last time.
I am long the two symbols above that inverse and leverage my bet on a general failure of Japan to recover in any realistic sense.

Watching this one real close pre-market for a bounce.

Triple bottom play, huge gap to fill

EWV

Nobody really had a clue where it'd stop, but a double from last summer is about ripe for a raid and selloff. It's not done either i'd imagine, small bounce to a dumper coming on the NIKKEI in my opinion. yen trade about over.

I've been shorting /NKD nikkei 225 jun 13 futures since last night.. been quite a stellar play!

I agree with you JohnCM. You really won't see U.S. interest rates moving for another year.

Well ... after the double this was due. I wanted to play it but I tried a bit early. Was looking for a break just over 14,000
I think I sold this at 19.50 or something like that. I wonder when the DOW follows?

Looking for low interest rates into 2014 should kkep the US markets bouyed.

John EWV will go bonkers this coming morning, it's 2:47 EST

Japan got ROCKED last night Nikkei 225 down low of day absolute disaster especially with China pmi.. but this should fly

-7.31%
-1143 points

Biggest drop since mid 2011

Nikkei 225 index at the Tokyo Stock closed down 7.32pc

http://www.brecorder.com/top-news/108-pakistan-top-news/120695-nikkei-225-index-at-the-tokyo-stock-closed-down-732pc.html

WOW, JohnCM, you did good. I will follow NUGT for awhile...interesting.

I was looking to short the NIKKEI at 14,000 but I found this fund
dropped even when the NIKKEI dropped, so I sold.

Good move ...

The NIKKEI has doubled, like the DOW, and I would still like to short the NIKKEI when the time is right. Not sure the best way to do that.

Fortunately I also sold the short DOW ETF.

Purchased NUGT this morning.

JohnCM, where are you with this. Are you still watching, have you loaded up, are you loading the boat now???

Chartman17

Marketwatch

http://www.marketwatch.com/

JohnCM, where do you look at the NIKKIE and the Yen?

Thanks

I am looking at NIKKEI 14,000 and YEN 100

If they pierce and close above, I am out.

JohnCM, we are below 20 today. Looking more affordable as we watch.

Wow ... brushing 20.

Yen/Dollar 100

and NIKKEI 14,000

Big benchmarks ...

14,000 within a whisker.

Should be interesting to see how she reacts.

Yen/Dollar close to 100. Another key point.

I got in too soon. Should have waited for 14,000 or

EWV 18.00

I could be premature. Looking for 14,000 NIKKEI first or this fund to touch $18.00

... but decided to dip my toe in the water.

Good 4 You, JohnCM. Actually, I'd love to get some but I need SOMETHING...ANYTHING to move up a little so I can sell then buy here.

Picked up a little here ....

Maybe target is 18 ??

I would like to be ready ...

Thanks. Looking a little toppy ...

Sorry JohnCM, I don't have PM, but, I think this could be a good short term play over the next 3-4 months. I think the whole world is going to tank from May through September. Why not Japan...lol

Chartman17

Looks interesting right here ...