The Damage In Japan

Over the last fifty days, Japan has been the weakest major stock market.  Measured by the average performance of MSCI industry groups, the average stock in Japan is down 3.71% over the last fifty days.

Performance


Internals are quite weak too.  Only 43% of Japanese stocks are above their 50-day average.

Percent Above Moving Average


Only 4% of Japanese stocks are making new 50-day highs.

Percent Making New Highs


Over the previous fifty days, only 35% of Japanese stocks have experienced positive performance.

Percent With Positive Performance


38% of Japanese stocks are 10% or more away from three month highs.

Distance From 3-Month Highs


Lastly, only 27% of Japanese stocks have outperformed the MSCI World index over the last 50 days.

Percent Outperforming MSCI World