Watch Japan
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.
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3 comments:
LOL Kevin,
EWJ is another short that I had for a few days. Great minds think alike!
Jack
Hi Jack.... I like EWJ as a short
Do you still think EWJ is a good short? The market is reaching new highs day after day. This would be a nerve racking short.
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