By Jeff Pierce
As a follow up to the post the other day about Japanese stocks and their insane push higher, below are some stocks from that region that are truly overbought with many going up over 100% in the past 6 months. These could be ones to look at once they have some sort of correction.
My analysis has this benchmark having a short correction down to the 13,000-13,200 range before making another push higher, or else it just keeps chugging along. There is no way anybody should be shorting anything with Japan in it’s name right now. There is far too much momentum to get in front of this train.