Don't Ignore This Chart!

Malaysia bucks the world trend

Stocks markets around the world have been moving lower the last few weeks, but there are some pockets of strength to be found in Asia. As this snippet from the CandleGlance International iShares page shows, the Malaysia iShares (EWM) shows relative strength as it trades near its highs for the month. Also note that the Indonesia ETF (IDX) is also near its highs.

Click this image for a live chart
Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus