Back on May 22nd, I noted on this blog that if the iShares Emerging Markets ETF (EEM-US) cracked $35.50, it would be a bullish chart. This neckline was recently broken – completing a bottom head and shoulders pattern for the Emerging Markets Index ETF. Old support at around $38 will create a level of resistance, followed Read More
India: Buy, hold or sell?
India, via the Bombay Stock Exchange, looks to be at an important juncture. The index is on the verge of breaking technical support at around 27,100 and forming a “Phase 3 Top” (see my book Sideways). Last week, it did break that support point, but managed to recover by Friday. This, by the way, is Read More
Congratulations on Becoming Rich!
This being the Chinese Lunar New Year Kung, I thought I would start off this email with the traditional greeting of “Hei Fat Choy” –which roughly translates into “Congratulations on Becoming Rich”. Investors have done well if you heeded my suggestions to consider an investment in Chinese equities originally back in July 2014 https://www.valuetrend.ca/opportunity-in-chinese-markets/, then Read More
Will currencies hinder your Chinese and Indian securities?
You may be aware that I have been long the Chinese and Indian markets for the latter part of 2014 – here’s one of my blogs on that call: https://www.valuetrend.ca/?p=3341 One of my clients recently asked me about the Chinese Yuan. Specifically, they wanted to know if the Yuan might be a negative, or a Read More
Emerging markets are not all the same!
China and India look bullish I’ve blogged on a couple of favorite emerging markets lately. Specifically, I quite like the charts of the Shanghai (China) and India (Bombay) indexes (https://www.valuetrend.ca/?p=3341). Buying country specific ETF’s or even select ADR’s (or GDR’s) are a great way to get exposure to those countries. In fact, 2 of Read More
Opportunity in Chinese markets
The Shanghai exchange is showing some interesting technicals that suggest a buying opportunity might be approaching. There are some caveats that should be addressed before an investor should take a position in that market, however. Lets go over the technicals for this index to determine if and when we might consider taking a postion in Read More
We’ve had the “Zig”, what about the “Zag”?
Stockcharts.com, as well as other charting software services, offer a tool known as the “ZigZag” tool. The ZigZag tool is not an indicator—it simply filters out smaller price movements. Stockcharts has a default setting of 5% (although you can change this as you wish). The 5% setting ignores all price movements less than 5%, Read More
Guess which market was January’s positive performer?
It was no shock that the major markets took a hit in January, although as mentioned in my early January blog, I expected the correction to be in early February ( https://www.valuetrend.ca/?p=2718.). Asia was hit hardest, while Europe was in line with the US losses.Here are a few worldwide market statistics, taken as of January 30th Read More
Spotting the next contrarian play
Credit Suisse provides this world asset class return chart for 2013. As you will note, it was the larger, more developed countries that experienced the lion’s share of the gains last year. At the other end of the scale, commodities and bonds suffered the worst losses. I like to keep a contrarian mindset when investing. That Read More
Opportunities in emerging markets coming?
I’ve mentioned many times that the US markets are in a bull market, but in the near term are quite overbought. Note on this weeks S&P chart the overbought RSI levels, the extent of the recent move over the 50 day MA, and the rounding over from an overbought stochastics. Visually, you can see a Read More