Asia morning brief: Fri 29 April 2016

Good morning, instead of FANG stocks in 2015, we might be looking at LEAF (LinkedIn LinkedIn earnings,  Expedia Expedia earnings, Amazon Amazon earnings & Facebook Facebook earnings ) now in short term where they all spiked more than 10% on better earnings & outlook.  Yesterday’s BOJ meeting that didn’t come out with anything new seems so distant now as $/JPY came off in jiffy from 111.55 to 107.36 with NKY from 17555 to 16120 presently.  While Japan is still mired in finding a sustainable solution to its problems, I’ve taken off all my shorts established in $/JPY & NKY as discussed earlier in week where we were clearly at the higher end of the range in our new bi-modal distribution world where prices gap between the 2 nodes and we’re now at the lower end node.  However, I’ve established shorts in Dow futures at 17950-970 past 36hrs before BOJ & added last night at 17910-30.  This is in addition to a broken put fly in S&P500 May20 expiry 2025/1975/1950 where it make sense for a 5-6% correction lower post earnings as players head towards summer in cleaning the deck.  Also managed to buy some GBP/AUD cross at 1.9050-65 yesterday in the correction lower from 1.9230 .. something that I was recommending looking at 1.8830 before the sudden poor Australia CPI figures 2 days ago caused the sudden spike higher &  1.97-1.99 looms next in GBP/AUD!

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Asia morning brief: Thu 28 April 2016

Good morning, Fed remained sufficiently dovish while “leaving the door open for June rate hike” but removed language that “global economic & financial developments continue to pose risks”. It might be that the Fed just wants higher stock & asset prices with high employment .. having the cake & eating it as all asset markets are back almost to their highs where Fed can’t say that they are concerned with risk of market plunge & downside now, Facebook earnings surprised to upside with strong ad-growth that saw after market spike +9% http://www.cnbc.com/2016/04/27/facebook-reports-first-quarter-earnings.html. With BOJ meeting decision today, what further expanded ETF purchase, negative rates & out-of-box stimulus will be forthcoming http://www.cnbc.com/2016/04/27/most-banks-expect-boj-stimulus-particularly-etf-purchases-cnbc-survey-shows.html? Where a minute is a life time these days, the algo machines might ramp $/JPY to 113-115 on friendly stimulus headlines with NKY to 17800-18000 in running stops., that are excellent levels to place limit sell orders in both. It’s always darkest before dawn & brightest before dusk .. the markets are tested on that now

Asia morning brief: Wed 27 April 2016

Good morning, so Apple http://www.marketwatch.com/investing/stock/aapl & Twitter http://www.marketwatch.com/investing/Stock/TWTR?countrycode=US disappointed with earnings & down -9% & -13% in after markets trading. With AAPL one of the most widely held stocks by hedge funds, the pain continues for whole sector. Only Goldman & Morgan Stanley relatively still upbeat on oil with GS analyst on CNBC propping it http://www.cnbc.com/2016/04/26/big-oil-may-have-to-cut-dividends-goldmans-jeff-currie.html saw S&P500 & Dow supported ahead of FOMC decision early tomorrow Asia morning. GBP squeeze rally continued with spike to 1.4635 as Brexit odds reduced by London bookmakers. 1.47/1.48 is not unthinkable as poor crowded GBP brexit shorts look to exit as odds reduce further http://www.bloomberg.com/graphics/2016-brexit-watch/ … GBP/AUD cross does seem to bottom at 1.84 last Friday & a medium rally to 1.97-2.01 seems plausible noting that GBP/AUD has almost 90% correlation to VIX & general risk off … is this an early leading indicator?