I think we'll see a pickup in market activity in the afternoon, but for now market participants are reluctant to take positions ahead of Bush's address later in the morning. |
Japan is entering the summer holiday season. Activity should be limited this week and next. |
Nothing new came out of the G7 meeting. But the government is now keeping a closer eye on the stock market and investors are taking notice. |
Selling looks thin and investors continue to cover their short positions. |
Tech shares have taken a real hammering lately and were due for a rebound. |
There's pretty much nobody home in the foreign brokerages now due to Christmas celebrations, and domestic institutional investors have no particular incentive to trade either. |
U.S. stocks finally appear to be bottoming out, and the yen is coming back to reasonable levels for Japanese exporters. I'd say that's a pretty good signal to buy. |