November futures start with a “short-squeeze rally”
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Now, the theme this time isMarket Impressions.
The Japanese stock market on October 13, after passing the October SQ without incident, has been on a rally in the afternoon, hasn’t it?
Current environment
☆ IMF upward revision of the World Economic Outlook.
☆ Many people believe “election means buy.”
☆EPS numbers are gradually rising, suggesting a move to take advantage of a further rise toward the end of the month.
As of the 12th, the Nikkei Average projected EPS is 1425.49
☆ Short-sellers squeeze.
Meanwhile, risks such as the North Korea issue have been ignored, it seems.
The yen-dollar is still in the low 112s.
As a result, VOL has risen and calls have exploded.
Also, PUTs are not dropping much, partly because VOL is rising.
From today, November front-months become near-term, so we need to shift mindset and slightly raise the expected range.
Also, we must not forget to prepare for a sharp drop.
If this continues, shorts will be in quite a difficult situation.
Indeed, the market moves in the direction that the most painful people do not want.
And after those painful people are forced to unwind their positions, a reversal occurs.
Note: The above is my personal view and is intended solely for improving financial literacy. Therefore, it is not created for investment solicitation. Please make actual investment decisions at your own risk.
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