Japanese Stocks Seem Invincible, but Overbought Correction is Likely

Fidelity Japan Smaller Companies Fund (FJSCX, last change: 1.47%)

The Fidelity Japan Smaller Companies Fund (FJSCX, last change: 1.47%) has gained today in spite of the global sell-off in equities. FJSCX is by far the best performing Fidelity mutual fund with 37.38% year-to-date gain. Investors, who have participated in the rapid rise of Japanese equities, may be better off to take profits at this point to avoid the inevitable correction.

Buy/sell signals for Fidelity funds are available at FidelitySignal.com