Asian Equities: Upward Explosion Ahead
Peter Brandt | Mar 23, 2015 01:17AM ET
The Asian stock indexes appear poised for substantial gains. Japan is leading the way (see TOPIX chart, below), but stocks in Taiwan, Singapore and China appear ready to play some catch up.
The 7 charts below are presented with only brief comments:
The Shanghai market is leading the way in China, as shown on the following graph:
Other charts of interest include iShares China Index (ARCA:FXI), Guggenheim China Technology (NYSE:CQQQ), Global X China Financials (NYSE:CHIX) and the Hang Seng Index (via iShares MSCI Hong Kong (ARCA:EWH)).
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The Taiwan Futures Index (via iShares Taiwan Index (ARCA:EWT), SGX MSCI Taiwan) has already flashed a major buy signal. The Singapore Futures Index (via iShares MSCI Singapore (NYSE:EWS)) appears ready to attack the upper boundary of its congestion zone. A resolution of this trading zone would result on substantial advances in Singapore equities.
Disclosure: The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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