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The Nikkei fell during the course of the week, but found the ¥15,000 level to be supportive. It appears that the market is trying to grind its way higher, but there is a significant amount resistance just above, so this could be a market that has to fight a little bit to get to where wants to go. We believe ultimately that we will go to the ¥16,250 level yet, so we are long of this market already. We would look to short-term candles such as a daily or even four-hour chart in order to fine-tune an entry to the upside. Selling is something we are not interested in.
