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Showing posts from August, 2023

How can I practice reading stock market order books? / 板読みの練習はどのようにしたらよいのだろうか?

When talking to day traders, they often mention that they primarily rely on reading the order book (market depth) to make profits in the stock market. They observe the thickness of buy and sell orders after executions and assume that the price will move in the direction of the thicker side. However, it's also common for the price to move in the opposite direction, even after placing orders based on this strategy. It's challenging to figure out how to interpret signs of price fluctuations from the order book to anticipate upward or downward movement accurately. Furthermore, although today I learned that trading based on the order book information from Japanese brokerage firm SBI Securities might yield different results compared to trading CFDs with IG Securities due to potential disparities in timing. Relying solely on order book information for day trading seems impractical. By the way, despite the US 10-year Treasury yield surpassing 4.3% and increasing, the S&P 500 index

UFJ Shares: A Buying Opportunity Amid Market Downturn and Potential Positive Impact of YCC Adjustments / UFJ株:市場の下落とYCC調整の潜在的なポジティブな影響を背景にした購入の機会

Shares of UFJ fell on August 1st. Despite reporting strong earnings compared to the same quarter of the previous year with operating revenue up 28.2%, ordinary income up 175.9%, and net income up 391.2%, the overall market sentiment seemed to be bearish. The stock price has been in a declining trend. As of August 4th, the U.S. market was also down due to a disappointing review of Apple's earnings and the looming possibility of an increase in U.S. policy interest rates. Therefore, I'm starting to think it might be worth considering buying UFJ shares while observing the market situation. The reason is that the aforementioned earnings were reported at interest rates prior to the practical adjustments of the Yield Curve Control (YCC). Therefore, I hypothesize that the next earnings report, following the practical adjustment of the YCC interest rate, could be even more positive. That's why I think it's possible to make such a prediction. ---  UFJ株は8/1に下落しました。 決算内容は 前年の四半期に比べ

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