Asian Markets Look Ready To Fly. Here Are Our Favorite Picks
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. ...
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