Why EWJ Is The Sumo Wrestler Of ETFs (Archive)
Japan’s stock market mirrors a sumo wrestler’s resilient, broad and balanced stance.
This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.
Elevator Pitch
- A resilient stance, broad body and balanced weight make both the Sumo Wrestler and the Japanese stock market a powerful force.
- My technical analysis framework based on Trend Flow, Support/Resistance Location and False Breakout Traps suggest that the Japanese stock market is poised to outperform the US S&P500.
- The Japanese Manufacturing PMI is currently in contraction. I am waiting for a rebound above 50 to add confluence for an eventual buy on EWJ; a Japanese stock market ETF.
Read the full article here.
Disclosures and Disclaimers
Past performance ≠ future results. Not investment advice. See full Disclaimer.
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