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Market Commentary  31485
May, 2019 Data:

Part 1
FORECASTS

12 MONTH FORECAST
The 12 month forecast for the Nikkei 225 Index is in the table at the top of this
page. Forecast-Chart.com is forecasting a Nikkei 225 Stock Index of 18472.
The table shows a HDTFA of 3781 which suggests that the June, 2020 Nikkei
225 could easily close anywhere between 22254 and 14691. Links to Forecasts
for twenty-two other stock indexes may be found by clicking Stock Market
Forecast at the top of any page.

BULL MARKET or BEAR MARKET?
An updated primary trend forecast for the U.S. Stock Market is provided to
subscribers only. A time delayed primary trend forecast is provided to non
subscribers. Artificial Intelligence is used to forecast major turning points in the
broad U.S. Stock Market. The forecast is either a Bull Market Signal (up) or a
Bear Market Signal (down). This mathematical system performed very well in a
one hundred year backtest and also in real time since going live in 2005. To get
the forecast signal for the broad U.S Stock Market, click Stock Market Forecast
at the top of any page. Then select the Bull Market & Bear Market Forecast.

10 YEAR FORECAST
Forecast-Chart.com publishes a 10 Year Forecast for the following stock
market indexes: Dow Jones Industrial Average,  FTSE 100 (United Kingdom),
Hang Seng (Hong Kong), S&P 500, S&P SmallCap 600, S&P MidCap 400,
NASDAQ 100, TSX Composite (Canada), Russell 3000, Russell 2000, Russell
1000 and the Wilshire 5000. For example, the probability that the S&P 500
equity index will be down at least 20% in 10 years is estimated (May, 2029 close
compared to May, 2019 close). Over 100 YEARS of historical data was used to
calculate the probabilities. The indexes with the highest probability of gaining
over 200% in the next 10 years are the Hang Seng and the S&P TSX Index. The
indexes with the lowest probability of gaining over 200% in the next 10 years
are the S&P SmallCap 600, S&P MidCap 400,  Russell 2000, NASDAQ 100 and
the Dow Industrial Average. To see these forecasts, click the Stock Market
Forecast link at the top of any page, then select the index you are interested in.





Part 2
MARKET HIGHLIGHTS

All Time High                          38424 (May, 1990)
May, 2019 close                    20943
Decline From All Time High     45%
10 Year Return                       120%
5 Year Low                             15162 (June, 2014)
Gain From 5 Year Low            38%

The highest all time monthly close in the Nikkei 225 Index was 38424 in May, of
1990. The May, 2019 close was 20943. That's a decline of 17481 points or
45% below the Nikkei 225 Stock Index all time high.  The Nikkei 225 Index is up
120% over the last 10 years. It has lost 6% over the last 12 months.

The May close was 1316.20 points lower than the April, 2019 close of 22259,
resulting in a 5.91% decline for May.

The 5 year market low for the Nikkei 225 Stock Index was 15162 in June of
2014. The May, 2019 close at 20942.53 represents a 38% gain since June,
2014.

Forecast-Chart.com's historical research covers the Nikkei 225 back to
September, 1984. All calculations are based on the monthly market close in the
Nikkei 225 Index, excluding dividends.

This page provides a five year chart and a forecast for the Nikkei 225 Stock
Index. For links to longer term charts, look at the links under the five year chart
(above). One link opens a ten year chart. Another opens our longest term
graph on the Nikkei 225 Index. Just one glance at our long term charts can
provide tremendous insight into the historical trends of the financial markets.
The table above presents historical data on the Nikkei 225 Stock Index
categorized by the months of the calendar.





























Part 3
ROLLING RETURNS, 1984 - 2019: Nikkei 225 Index

Rolling Period          Last / Percentile          Best / Average / Worst
 1 Year                     -6% / 37th                  66% / 5% / -42%
 2 Year                     7% / 51st                    110% / 10% / -55%
 4 Year                     2% / 53rd                    200% / 17% / -52%
 8 Year                     116% / 95th               159% / 2% / -59%
 16 Year                   168% / 99th               180% / -13% / -64%

How do you read the table?
For example: Rolling 2 year period returns are shown on the second row. In the
latest rolling 2 year period, (6/2017 - 5/2019), the Nikkei 225 Index returned
7%. That period scored in the 51st percentile, meaning that it scored better
than 51% of all rolling 2 year periods since 1984. The Best rolling 2 Year period
since 1984 returned 110%. The worst returned -55%. The average rolling 2
year period returned 10%.

What is a rolling period?
It's an overlapping period in a data base. For example: In the 2 year period
included in 2000 - 2001, there are 13 complete rolling 12 Month Periods. The
first is January, 2000 - December, 2000. The second is February, 2000 -
January, 2001. The third is March, 2000 - February, 2001 and so on. The last
complete rolling 12 Month Period in the 2000 - 2001 period is January, 2001 -
December, 2001.

How is this information useful?
Best and worst case scenarios may be estimated based on historical facts.
Also, the relationship of the periods is sometimes very helpful. Suppose that the
worst rolling 8 year period in the last 50 years returned -30%. Suppose also
that the latest 4 year period has returned -50%. Market psychology at this point
may be one of great fear or possibly even panic. If the market stays flat for 4
more years, it will break the 8 year decline record by a whopping 20%! (-50%
minus -30% equals -20%.)  50 plus year records are not often broken. That
provides reason to hope that the market will recover that 20% over the next 4
years. If it does, then the 8 year loss will be 30%. The longest index histories
are found in the DJIA, FTSE 100 with FT 30, DJTA, DJUA, S&P 500, & NASDAQ
100

The number of periods in each category for the Nikkei 225 Index are as follows:
1 Year: 406
2 Year: 394
4 Year: 370
8 Year: 322
16 Year: 226

Dividends are not included.











Updated Tuesday, June 25, 2019.
SignalTrend  Inc. 2008 - 2019; All rights reserved.



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Monthly close for the Nikkei 225 Stock Index is plotted in gray. The forecast for the target month is
shown in green. See other links related to this stock index below.
Nikkei 225 Stock Index - 5 Year History
15,000
Nikkei 225: Historical Monthly Change
Month
Percent
Month
Percent
Month
Percent
Month
Percent
Jan
Feb
Mar
0.39
0.51
-2.11
April
May
June
3.48
0.64
-0.81
July
Aug
Sept
0.43
-0.90
0.05
Oct
Nov
Dec
-0.04
-0.12
0.73
Over the last 20 years, certain months have typically performed better than others. The
average monthly return for each calender month over the last 20 years is shown above.
Dividends are not included.
Stock Market Forecast: Nikkei 225 Stock Index
1/14
1/2015
1/2016
1/2017
1/2018
1/2019
1/2020
1/21
17,000
19,000
21,000
23000
25,000
27,000
Nikkei 225 Stock Market Index Forecast
   
Target Month:
Forecast:
HDTFA:
June, 2020
18472
3781
 
Forecast for the monthly close of the Nikkei 225 Stock Index for the
target month indicated.    See commentary and 10 year forecast below.