I can see why Japan bulls are itching for another leg higher in the Land of the Rising Sun. On the first chart below, weekly timeframe, one of the many funds for Japanese stocks shows resolution is likely imminent after tons of backing and filling since the spring. Watch for a move above $49. Below $44 and I would start to think breakdown.
And on the second chart, note that Brazil is outperforming other recently-weak emerging markets today.
I also see USU looks like it wants to torture shorts and close on the highs of the day, while TRLA is spiking up on another buyout rumor of RLGY.
Stay tuned for my video market recap after the bell.
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brazil may be getting some AG boost. 6% GDP Ag out of Brazil, vs 1.2 or something like that US side. Apples and oranges comparison though. Still, they have significant Ag and maybe getting some kind of + on the good Ag business lately.
True, ag a major factor for them.