Currently: Cash Looking to: Buy @ 24,487
As of 1/15/21 close: 28,193.98
LAST WEEK: We suggested buying dips to 24,041 with an upside target of 33,010.
UPDATE: The Nikkei 225 Index rallied a bit further before finally starting to pull back modestly. We still think the Nikkei can pull back to 24,000 – 25,000 before rallying even further.
We would look to buy dips in the Nikkei 225 or proxies on a pullback in the Nikkei to 24,487 and would look to hold on for a run up to 33,010.