Let's have a correct understanding of the 5/23 market

NVIDIA issued frightening financial results, and the Nikkei Average also rose to 38,937 yen at one point.
From there, sales went up to 38617 yen, but they recovered to the 38800 yen range around 10:00 and were pushed back by the 38800-38900 barrier in question.

If you look at it this way, it's solid, but the number of stocks that have risen and dropped in price and TOPIX are almost flat. Sure enough, TOPIX Core and Large 70 are around +0.3%, but MID400 and Small500 are negative.

Also, if you look at the Nikkei Average in dollars, the conversion line and reference line are dead crosses on the Ichimoku equilibrium chart. The trailing line was shown below the candlestick, and the current candlestick also broke the bottom of the clouds... and the reversal of the three roles was shown. In other words, it's a beautiful sale on a daily basis.

I'm talking about it in the profitability video, but in addition to the fact that there are no materials to buy Japanese stocks now,
・Supply and demand have deteriorated and have not improved ⇒ there are still abnormally many unpaid credit and arbitrage arrears
・Financial results were softer than expected, and expected EPS could not rise at all
・China, Hong Kong, and Taiwan are strong, and portfolios of Asian stocks seen from overseas are shifting to selling in Japan and buying in China and Hong Kong
and a double punch due to fundamental supply and demand.

Concerns about the Bank of Japan's interest rate hike and government bond purchase reduction concerns weigh heavily on that, so they are being pushed back endlessly by the 38800-38900 barrier.
First of all, if supply and demand don't improve at the 39,000 yen level, it will be tough to get ahead.

We were able to avoid a sharp drop in NVIDIA financial results, but I feel that it would be pretty tough not to even exceed 39,000 yen even with such a strong semiconductor sector.

Unfortunately from here until PCE at the end of the month
・It doesn't go up
・Descend
・Plummeting
I think it's easy to become one of them.

Target financial results were worse than expected even in the US. Consumption has also clearly declined in fields such as retail, consumer goods, necessities, and food. It is not always possible to maintain high US stocks forever. I think the mood is strong with the NASDAQ and SP500 rising in the near future, but I feel that interest rates will remain high and the ceiling will be raised at an early stage.

I think today and tomorrow is a phase where I calmly look at the market price, and when it goes up, I sell the CALL option and watch the situation. Or maybe prepare a PUT buy spread for the month of 7 months. However, there are still days until SQ, so I'm worried that the July PUT is too expensive.

If you anticipate a split of around 37500 yen due to concerns about monetary policy changes or leaks before the Bank of Japan meeting, it might be interesting to put in a debit around P37500 for 6 months.