Last week we mentioned that the next trade was Asia. This is how our ETFs did last week compared to the US which we mentioned was in bearish territory.
ETF Market Return
EIDO Indonesia 0.55%
EWJ Japan 0.76%
EWM Malaysia -1.17%
INP India -2.48%
IWM US -2.73%
This past week was a confirmation of the Asia trade. We also received a new signal for another trade, precious metals such as Silver and Gold.
We suggest over weighting Asia and also putting some money into precious metals. Since this is a new signal we recommend allocating a small amount for now increasing your allocation as the trade is confirmed.
We are receiving bearish signals for the developed world except for Japan including the US, Canada, Australia, and Europe. At the beginning of the year, these were the countries to invest in and Asia was the region to not invest in. We are now receiving a signal these trades have switched.
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