A solid Nasdaq is inviting buying in battered high-tech issues here. |
A strong yen is a minus for Japanese stocks. In addition, a slump in the Nasdaq is negative for Japanese stocks, in particular expensive high-tech issues. |
Basically, I think the desire to wait and see is very strong right now. That being said, U.S. stocks, especially the Nasdaq index, were weaker ... so the market is likely to move lower. |
Both the Nikkei and the TOPIX index are near their 25-day moving averages and as they approach these technical points, that makes it easy for people to sell. |
Buyers are on the sidelines with the U.S. third quarter earnings announcements picking up speed, and more loss warnings are expected from Japanese companies. |
European gains should take away some of the doomsday mentality, but investors will be jittery wondering how U.S. stocks will react. There's still much selling left undone. |
High-tech issues are surrounded by persistent fears over possible profit warnings as we get closer to the mid-year book closing in September. |
Higher interest rates are definitely a negative for stocks and investors are worried that they may keep rising in the U.S.. |
Higher long-term yields are a major concern for property companies which have a large portion of interest-bearing debt. |
I'm looking for a softer start to the week and technology shares may be vulnerable to declines. |
Intel cutting its revenue forecast will probably prompt some selling and pull the market lower. |
Investors are focusing on companies that can deliver strong results. |
Investors are focusing on shares of companies that will benefit from Japan's economic recovery. |
Investors have been sensitive to any U.S. economic reports. The housing report brought them some relief. |
Investors may take a wait-and-see stance until the Bank of Japan comes out with its policy statement. |