Asian markets - recovering and slowly moving to the upside
The AIA tracks the 50 largest Asian equities. As you can see it's been moving steadily to the upside after the disastrous inception of COVID-19 in March-April.
It's sobering to compare this chart to the S&P, and especially the UK's FTSE 100 - it's clear to see that the AIA is a much safer bet at the present time.
Resistance has been flipped to support, and if it holds this level and moves upwards in Q4, then I'd be moving a fair part of my FTSE 100 position over to this ETF.
I added a moving average (200 MA) to this chart, not sure how useful these really are, but it's another metric that I'll use to judge this against the other charts.
NOTE: This doesn't reflect as broad a number of stocks as the S&P or FTSE so this is only a super rough comparison and isn't exact. If anyone knows better, drop it in the comments.
It's sobering to compare this chart to the S&P, and especially the UK's FTSE 100 - it's clear to see that the AIA is a much safer bet at the present time.
Resistance has been flipped to support, and if it holds this level and moves upwards in Q4, then I'd be moving a fair part of my FTSE 100 position over to this ETF.
I added a moving average (200 MA) to this chart, not sure how useful these really are, but it's another metric that I'll use to judge this against the other charts.
NOTE: This doesn't reflect as broad a number of stocks as the S&P or FTSE so this is only a super rough comparison and isn't exact. If anyone knows better, drop it in the comments.