NIKKEI OVER 15.000

Last happened this remarkable and impressive break out. First six months of this year jumped up the Nikkei with more than 50%. Since last November gain is more than 75%. Started the index this January below 10.000 and last week closed again after this May over 15.000. There is a strong buying sentiment.

If we look at the 20 years historical chart we could discuss about not only lost decade, but lost two decades in terms of Nikkei and Japanease markets. In 1989 the historical high was over 40.000. Recently we are far far away from that level. In big picture the Nikkei is legging behind the US and most European markets. They are at historical record levels, but not the Nikkei. This arbitrage might give us good opportunity on the buying side. The inner behavior of indexes that they are moving in correlations so the Nikkei needs to catch up the gap between itself and the US markets.

Possibly can occur 2 different scenarios:

• Nikkei gets start to go up stormy or 
• US markets start to come off 

My bet is the Nikkei is gonna catch up cause it shows a brutal strength, only last week gained more than 7,7%. This is best week so far in this year.

This morning made some corrections the Nikkei Composite, but I am not concerned about that. This is a normal process of the market movements. The weaker Yen against the Dollar is also supporting the bullish stock market.

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The BFM Assets Team.