FTSE and DAX new 52wk high
Nikkei, Dow, Naz, SAP500 are close to new 52 week highs as well. The US markets may truncate.
The market is definitely in a topping mode. Japanese investors will probably turn the selling pressure on very quickly as they are being given a chance to sell above the levels the market was shut down. Nobody wants to get caught holding long with a market that has been close because it fell too fast. Two weeks ago was a warning shot. The next time the Nikkei is forced to close early this spring, it will re-open at least 10% down.
The 10yr US treasury bond yield has completely broken the upper channel of the multi week downtrend. The yield is right around the 61.2% retracement of that downtrend, so the yield can go either way from here. HOLD
