Near Term Trend: Bullish
Fridays Close: $54.05 (- 0.07%)
UPDATE: Last week, I suggested buying Japanese equities if EWJ pulled back to $53.58 - $53.90 with stops honored on a close below those levels and with $61.74 as the upside target.
Japanese stocks treaded water this week. No change to my outlook / recommendations.
Look to buy Japanese equities on any test of $53.58 53.90 and look for a move up to $61.74. Honor stops on a close below $53.55.