Saturday, December 22, 2018

EWJ Japan ETF Daily Chart; Bear Market

EWJ, the Japanese stocks ETF, topped out at 63.80 in January 11 months ago. A -20% drop is a bear market which is the 51.04 level. Japanese stocks are in a bear market. 

Japan's NIKK, Nikkei Index, is a hair away from a bear market. The NIKK will be in a bear market if it dips below 19558 (now at 20166 printing a LOD at 20006 on Friday). Japan's Topix Index fell into a bear market last Thursday, 12/20/18, and sinks deeper into the bear quagmire on Friday. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

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