Japanese Stocks Are Showing Signs They're Poised to Fall: Chart

Japan’s Topix index is having a bad year, placing 21st out of 24 developed markets tracked by Bloomberg, and one technical indicator suggests it’s about to get worse. The 25-day Toraku Index, which compares the numbers of advancing and declining stocks on the Japanese benchmark gauge, rose to just short of 130 on Monday, above the 120 level that some traders say indicates shares are poised to fall, and the highest it’s been in 2016.

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