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Japan Stocks Could Explode Higher
From the Buzz & Banter: Japanese stocks could lead global equities in the intermediate period immediately ahead.
Rafael Diamond    

This article was originally posted on the Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MV PRO+.

The bottoming process in Japan appears to be complete.

Japanese equities should re-engage and potentially even lead global equities in the intermediate period (two to three months) immediately ahead.

The first chart shows an intermediate-term trend model for the TOPIX (INDEXTYO:TOPIX). This model held perfectly at significant trend support. I think it is rolling towards an upside break.


Click to enlarge

The second chart shows the TOPIX with a long-term "greed-panic" model. The urge to sell has increased remarkably despite prices going sideways/higher over the last few weeks. This should be strongly supportive of higher prices.


Click to enlarge

The third chart shows the TOPIX with a very long-term trend model. Japanese stocks have held this trend perfectly so far. If the resistance line is broken, I think this could mark the end of the entire corrective phase in Japan (May 2013-February 2014), and identify the next meaningful rally of this ongoing cyclical bull market.


Click to enlarge

I am now overweight Japan.
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No positions in stocks mentioned.
More From Rafael Diamond
Japan Stocks Could Explode Higher
From the Buzz & Banter: Japanese stocks could lead global equities in the intermediate period immediately ahead.
Rafael Diamond    

This article was originally posted on the Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MV PRO+.

The bottoming process in Japan appears to be complete.

Japanese equities should re-engage and potentially even lead global equities in the intermediate period (two to three months) immediately ahead.

The first chart shows an intermediate-term trend model for the TOPIX (INDEXTYO:TOPIX). This model held perfectly at significant trend support. I think it is rolling towards an upside break.


Click to enlarge

The second chart shows the TOPIX with a long-term "greed-panic" model. The urge to sell has increased remarkably despite prices going sideways/higher over the last few weeks. This should be strongly supportive of higher prices.


Click to enlarge

The third chart shows the TOPIX with a very long-term trend model. Japanese stocks have held this trend perfectly so far. If the resistance line is broken, I think this could mark the end of the entire corrective phase in Japan (May 2013-February 2014), and identify the next meaningful rally of this ongoing cyclical bull market.


Click to enlarge

I am now overweight Japan.
< Previous
  • 1
Next >
No positions in stocks mentioned.
More From Rafael Diamond
Japan Stocks Could Explode Higher
From the Buzz & Banter: Japanese stocks could lead global equities in the intermediate period immediately ahead.
Rafael Diamond    

This article was originally posted on the Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MV PRO+.

The bottoming process in Japan appears to be complete.

Japanese equities should re-engage and potentially even lead global equities in the intermediate period (two to three months) immediately ahead.

The first chart shows an intermediate-term trend model for the TOPIX (INDEXTYO:TOPIX). This model held perfectly at significant trend support. I think it is rolling towards an upside break.


Click to enlarge

The second chart shows the TOPIX with a long-term "greed-panic" model. The urge to sell has increased remarkably despite prices going sideways/higher over the last few weeks. This should be strongly supportive of higher prices.


Click to enlarge

The third chart shows the TOPIX with a very long-term trend model. Japanese stocks have held this trend perfectly so far. If the resistance line is broken, I think this could mark the end of the entire corrective phase in Japan (May 2013-February 2014), and identify the next meaningful rally of this ongoing cyclical bull market.


Click to enlarge

I am now overweight Japan.
< Previous
  • 1
Next >
No positions in stocks mentioned.
More From Rafael Diamond
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