theponzimaster

Asian markets - recovering and slowly moving to the upside

Long
NASDAQ:AIA   ISHARES TRUST ASIA 50 ETF
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1
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.

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