Tuesday, April 05, 2011

EWJ - Japan Index Update


Above is a daily chart of EWJ which is the ETF for the Japan Index. As you know I've been bearish on this ETF  since last week due to its relative weakness. Today we saw EWJ display further relative weakness as it  gapped down on the open. while the S&P was positive for most of the day .  I'm looking for EWJ to test the lows from last month.

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