Wednesday, June 3, 2015

Has a sector recovered?

From, type the ETF for the country (FXI for China and VGK for Europe for example). Check out the SMA-20, SMA-50 and SMA-200. If all are positive, most likely, it has recovered and trending up.

FXI is up long term (SMA-200) but not the other two.

VGK is down short term (SMA-20). I believe all 3 SMAs were up not too long ago.

It is simple technical analysis without charts.

Try OIL and GLD for the same analysis.

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