MONEY FLOWS INTO JAPAN AT SHORT-TERM EXTREME $EWJ $JEC $JOF #JAPAN #STOCKS

Twitter
LinkedIn
Facebook

This post was just published on ZYX Global Multi Asset Allocation Alert.

Money flows into our Japanese position EWJ are reaching a short-term extreme.  Extremely positive money flow is a contrary signal.  The way it works is that when money flows become extreme, not many buyers are left to push higher.

What To Do Now?

Our long-term target for EWJ is $13, however a small pullback is likely.

Now it is a matter of personal preference.  Those who do not mind taking profits now with the plan of entering the position again at a better price may consider taking profits and exiting the position in the zone of $9.90 to $10.30. As of this writing, EWJ is trading at $9.94.

Large accounts may consider exiting in small tranches as EWJ goes higher, at the same time protecting the gains with a series of tight stop losses.

Small accounts may obviously exit in one shot.

Those subscribers with very long-term horizons, who would rather not trade often and do not see a need to lock in the gains, may consider continuing to hold the position until the target is reached.

See also  FED’S FAVORITE INFLATION GAUGE RISES BY MOST IN A YEAR, BITCOIN SOARS, PUTIN’S NUCLEAR THREAT

Subscribe to 'Generate Wealth'

Free Forever

More To Explore

30 Day Free Trial

Cancel within 30 days and you owe nothing

When you take a FREE 30 day trial, you get access to powerful techniques used by billionaires and hedge funds to grow richer. You can continue to use these powerful techniques to grow richer even if you cancel your subscription. You come out ahead by subscribing no matter how you look at it.

A fortune is to be made from AI stocks.
Get the list of 18 AI stocks to grab your share of the profits — no cost to you.

A fortune is to be made from AI stocks.

Get the list of 18 AI stocks to grab your share of the profits.

AI is a $1 Trillion Market

Making A Fortune
In Artificial Intelligence

Golden Age of Artificial Intelligence