While the US stock market is making all time highs, world markets have lagged behind. We recently did a video in which we showed comparisons of 13 country ETFs. The Eurozone was certainly lagging. Even with recent rallies, that remains true. What our analysis showed was that Asian markets looked ready to move higher. As you can see below on our weekly cycle charts, China (FXI) and Japan (EWJ) have broken out and look ready to accelerate on the upside. While the ETFs may be a good choice as a long-side trade, we also wanted to share a couple ADRs from each country that are set up for good upside moves. Note our charts include cyclical analysis and directional projections.
Below, see our choices of best patterns: For China, BIDU and BABA. For Japan CAJ and KYO.
These charts are available on our website for level 4 members.
Disclaimer: Steve Miller is an active trader in the markets and may have positions, from time to time, in stocks, futures, ETFs and options discussed in his posts. ...
Disclaimer: Steve Miller is an active trader in the markets and may have positions, from time to time, in stocks, futures, ETFs and options discussed in his posts. You can see his complete legal and disclaimers at askSlim.com.
Questions, please contact us on our website, askSlim.com
So many commentators talk about a stock market crash, bust or boom just to make it exciting. Slim looks at things very differently, applying his unique cycle analysis to nearly 400 widely held stocks, futures and ETFs. Watch Slim's very popular short-term view of the markets every week. And, contrary to most analysts, he holds himself accountable to his analysis each week. Also, there are interviews of coaches, traders and other market pros, along with an occasional political rant. Slim is still an active trader in index futures, gold, silver, bonds, oil, dollar, euro, stocks and options. He is also a trader coach and hedge fund consultant. Please refer to the askslim.com website for info on these services. Like Slim's charts? You can have them right on your TOS platform. Just subscribe!