Viren here.
I was just doing a weekend check on global markets.
I want to share with you a chart I see often abour global induces.
These are global ETF’s as they are traded on the NYSE, and tend to follow the individual stock markets of the countires they represent.
For example IFN is an ETF which is a deriavtive of the Nifty, not as good as the Nifty Bees, but close enough. FXI would be that for China and EWZ for Brazil.
You can enlarge the chart by a right click on it.
India, Thailand, Malaysia are showing a similar trend.
Have a look at the MSCI HongKong index which we track close to our open:
But each of these indices are showing a realtive strength when compared to an index like the SPX or DOW or even their European counterparts.
We have done a lot of corelation studies on this blog before.Refer to this and this
We will keeping following the trends in South East Asia for a definitive edge to our trading.
