This post was published on ZYX Emerging Markets ETF Alert.
Our short term rating on Mainland China represented by ETF ASHR was previously raised to Buy. That call has proven spot on.
Year-to-date, ASHR has gained 31.14%. This compares to the U. S. benchmark S&P 500 gain of 12.67%.
What To Do Now
Those in ASHR have two choices based on personal preference.
- Take partial profits.
- Take profits on the entire position
For tracking purposes, partial profits will be taken in the zone of $28 to $30.73. ASHR is trading at $28.77 as of this writing.
Those not in ASHR may wait for a pullback or a signal on the Real Time Feed.
Rating And Buy Zones
At this time, there is no change in our short term, medium term and long term ratings as well as the buy zone. However, buy zone is likely to be raised and short term rating is likely to be downgraded depending on the new data. This is the reason to take at least some profits here.
Unrealized profits can quickly disappear. 31.14% in two and one-half months in overdone.
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