Stock chart analysis of Japan ETF “EWJ” can offer two possible views. One is that there is nice bearflag and second that we see bounce from 9.50 support level.
It is good to be ready to play both technical scenarios . I will wait till new high will be established above 10 for thinking about longs . I will also wait for breakdown of bearflag for thinking about entering new shorts.
I like bullishness of Internet sector (represented by FDN ETF) . But GOOG is clear laggard for me. So I am looking for good level to enter shorts in GOOG.
There are several China ETF shares available to trade. We have done analysis of composition of basket for Asia ETF stocks. And in our latest Global macro newsletter we have identified list of Asia ETF shares with best profit potential in next few months.
One of them is CHIQ as one of the best China ETF. It has nice bullish stock chart. I have prepared detailed trade setup for this China ETF in my ETF Trading strategies newsletter. I am going to trade trade it in my fund, too.
They are bullish and show relative strength to US stock markets. I monitor especially ETFs like ECH, EWM and IF for possible entry in my technical strategies. These ETFs are also in accordance with my Global Macro ideas.
RBCN made nice breakout. I am now waiting for pullback to the 30 +/- level to enter new long trade there.
I mentioned SRCL few days ago. It managed nice breakout above 60 level. If you missed entry or prefer to wait if breakout will hold, then wait for possible pullback back to 60 level.
I am not too bullish on markets right now. But some stock are worth of watching. SRCL is strong stock now. Watch possible pullback or breakout above 60 USD resistance area.
I have noticed that WCN stock chart is very bullish. I put this stock pick into watch list for possible long trade in my technical strategies.
I bought CPN based on setup in my trading newsletter during fear and panic last week. And CPN is really strong. It moved up. I think that CPN has more upside potential.
I like strong action of CPN and have prepared trade setup to buy this stock. Details are available for subscribers of my ETF & stock newsletter.
Here is chart describing this idea.
