Malaysia and Singapore Outperform

08/04/2010 10:09 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

chart
Click to Enlarge

While the major US averages are still below the widely watched June highs, some of the other world markets have overcome this resistance. The better relative performance of the Malaysian ETF (EWM) and its Singapore counterpart (EWS) was discussed in July and both have now moved above the June highs. The completion of the triangle in EWM has upside targets in the $13.50-$13.80 area. The completion of the trading range in EWS suggests a move to $14.30-$14.50.

Tom Aspray, professional trader and analyst, serves as video content editor for MoneyShow.com. The views expressed here are his own.

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on ETFS

Keyword Image
Safe Money's Defensive Moves
12/05/2018 5:00 am EST

This stock market is flailing around like a fish out of water, with whipsaws increasing every week, ...