Japanese market goes radioactive

The Japanese market last night dropped 16% last night when the PM announced that the nuclear situation there was not under control and radiation levels there would remain elevated.

Below is the daily chart of the Nikkei futures, the highlighted bar, is the 6% down day on Sunday night.

My stop loss order was hit within the first few hours of trading yesterday for an 8% loss.  I’m still holding options on the EWJ, and will probably add to that position today.

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