David Fuller's view

A weak day for stock markets and a short-term overbought condition for Japan prompted me to take profits in my Nikkei 225 Stock Average (weekly & daily) long positions. I did this by selling my two trades in the Nikkei’s March contracts this afternoon at 17,487.5 against purchases at 16,480 and also 16,335 on 21^st January.  These futures prices include all spread-bet dealing costs and were lower than when Japan’s market was open this morning, due to the sharp weakness stock markets in Europe and the Americas.