This post was just published on ZYX Emerging Markets ETF Alert.
So far year-to-date, Chinese Mainland stocks have produced a return of 29.5%. This is over twice the return of U. S. stocks. This is the reason to invest in emerging markets.
Our ETF of choice for Mainland China has been ASHR. It is decisively breaking out again. Please see the chart below.
Right now all of the world markets are going up in sync. If this continues, China may outperform the U. S.
Rating
The short-term rating on Mainland China is being raised to Buy. Medium-term rating is Mild Buy and long-term rating is Neutral.
The Buy Zone And The Buy Now Rating
For those following the ‘Good Way,’ the ‘Buy Now’ rating is ‘YES.’
For those following the ‘Best Way,’ the buy zone is $26 to $28.88. There is a 70% probability of a pullback into the buy zone in the next 120 days. ASHR is trading at $30.38 as of this writing.
What To Do Now
Those in Mainland China ETF ASHR may continue to hold.
Those not in ASHR and following the ‘Good Way,’ may consider starting a small scale in right here.
Those not in ASHR and following the ‘Best Way,’ consider waiting for a pullback into the buy zone.
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