BBJP: buy signal holds, but momentum is fading
BBJP gains 0.7% in its second week, but volumes and buyers are fading
Our view last week
The buy signal on BBJP, the ETF tracking the Japanese equity market, has cleared its first confirmation week. Price is still hugging recent highs, above the 50-week moving average, but the week closed lower and signal strength stays low. The technical picture isn't convincing yet: we prefer a cautious profile, with minimum sizing and close attention to the stop.
This week's summary
BBJP, the ETF tracking the Japanese equity market, barely moved this week (+0.7%), but underneath, volumes are contracting and buyer dominance is fading. The weekly structure still leans bullish, above the 50-week average and above the Kumo cloud. Our technical analysis confirms the buy signal in its second week, with the discipline still favoring a minimum position and close attention to the stop.
IQS Phase
68
in tension
Signal Strength
27
low · fading
Sizing
MINIMUM
Ranking
#160 / 175
US stocks in progress
Trade P&L %
-2.27%
from signal to date, no stop loss
Rank position
ranks 160th among the 175 Longs already running for US stocks in our ranking, with a signal strength of 27 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
BBJP belongs to the etf broad sector (reference ETF ).
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