$EWY Sort Call - Technicals

BATS:EWY   iShares Inc iShares MSCI South Korea ETF
- 1st support: $62.64 to neckline at TP of $60.35. Cover at $64.50.
- MACD & RSI on downtrend. MA's rolling over.
- Shorts up 31.43% from prior month.
- 19,612 put volume vs 4,059 call volume on Nov 22, 2013
- Highly concentrated ETF - Top holding: Samsung at 22.48%
- Dividend yield: 0.57%.
- WisdomTree launched new currency-hedged ETF: Korea Hedged Equity Fund $DXKW in Nov 2013
- From the time Japan PM Shinzo Abe was elected on Dec. 16, 2012, to May 22, 2013, the Korean won gained almost 20% against the yen and has barely moved since then. As a consequence, for the past year (from Sept. 30, 2012 to Sept. 30, 2013), the Tokyo Stock Price Index, generated EPS growth of more than 87.1%, while the Korean Composite Stock Price Indexes has EPS contraction of 4.6% over the same period.
- Average household debt in South Korea grew 6.8% over the past year to 58.18 million won ($55,116).
- Ratio of financial debt against disposable income came in at 108.8%, up from 106% from the previous year.
- Financial debt gained 7.7% on-year while disposable income grew 4.9%.
- Exports fell 0.9% in 3Q13 - Overseas shipments fell 1.3% last year, the first decline in three years.
- GDP growth FY13: 3.52%; FY14 2.17%; FY15 2.45%

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.