The Chart To Watch Is Japanese Stocks

February 12, 5:00 pm EST

Yesterday we talked about the big trend break in the S&P 500 and the big 200-day moving average hurdle, above.  Today we closed right on that 200-day moving average.

Here’s an update of the chart …



With this momentum, the chart tonight to watch is in Japan.  Here’s a look at Japanese stocks.  

As you can see, U.S. stocks have broken the downtrend of the past quarter, but Japanese stocks have yet to follow.  The Nikkei remains 15% off of the highs of October.  But with the strength in U.S. stocks today, we may get the breakout in Japanese stocks tonight, ahead of Japanese Q4 GDP (which is due tomorrow night). These are some ETFs that track the Nikkei. We own DBJP in my Forbes Billionaire’s Portfolio, an ETF that tracks the dollar-denominated Nikkei.  

Join me here to get my curated portfolio of 20 stocks that I think can do multiples of what broader stocks do, coming out of this market correction environment.