Near Term Trend: Bullish
Fridays Close: $54.45 (+ 0.44%)
UPDATE: Last week, I suggested getting short of Japanese stocks with EWJ at $54.68 and with a target of $48.86.
Japanese stocks had a mildly positive week, but remain below resistance. I still think EWJ will be in pullback mode for a while.
Get short of Japanese stocks near 54.68. Honor stop on monthly close above $55.28. Target $48.69.