March 28, 2011
The Japanese Index (EWJ) may act as a leading indicator for our stock market being that Japan is in the news and is being watched closely by investors and traders around the world. If you look at the above daily chart of EWJ, you will notice over the past 6 days while our stock market (green line) has been moving higher, the Japan Index has been trending lower. In my opinion this is not only bearish for EWJ but may have negative implications for our market as well.
- AAPL ( Apple Inc) – Has The Bulls Back Been Broken?
- Small Caps Turn Bearish
- NASDAQ Leads The Way Higher
- Bonds – Setting Up For A Short Trade
- Stocks Test Critical Support Levels
Posted by Harrison Geneff | Tags: Japan