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Wednesday, October 26, 2016 8:32:40 AM
This Foreign Country ETF Is Starting To Outperform
By Greg Schnell
* October 25, 2016
The Japanese $NIKK has started to break out to the upside. However, the currency is dropping. For investors, we have seen this movie before. Using the ETF's that hedged the currency worked out much better for investors last time the Yen dropped and the $NIKK soared. Below is a chart of the DXJ and you can see this trade setup back in 2014. This is hedged to the Japanese Yen and is becoming one of the top performing ETF's based on price action again.
Using an SCTR above 75 can help find some of the strong country ETFs. I'll be covering this off on my
Good trading,
Greg Schnell, CMT, MFTA
http://stockcharts.com/articles/dont_ignore_this_chart/2016/10/this-foreign-country-etf-is-starting-to-outperform.html
• DiscoverGold
Click on "In reply to", for Authors past commentaries
By Greg Schnell
* October 25, 2016
The Japanese $NIKK has started to break out to the upside. However, the currency is dropping. For investors, we have seen this movie before. Using the ETF's that hedged the currency worked out much better for investors last time the Yen dropped and the $NIKK soared. Below is a chart of the DXJ and you can see this trade setup back in 2014. This is hedged to the Japanese Yen and is becoming one of the top performing ETF's based on price action again.
Using an SCTR above 75 can help find some of the strong country ETFs. I'll be covering this off on my
Good trading,
Greg Schnell, CMT, MFTA
http://stockcharts.com/articles/dont_ignore_this_chart/2016/10/this-foreign-country-etf-is-starting-to-outperform.html
• DiscoverGold
Click on "In reply to", for Authors past commentaries
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
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