Long term, emerging market should outperform US due to high growth potential. India ETF looks particularly interesting to me.
Reasons:
1. Price just broke out of a long horizontal rectangle. Although you are not going to see massive price moves, it is a great asset to own.
2. India is one of the only countries focusing on reducing debt vs increasing in the next...
possible stop at or under mid v
Top 10 Holdings
Housing Development Finance Corp Ltd
8.36%
Reliance Industries Ltd
7.57%
Infosys Ltd
7.45%
Tata Consultancy Services Ltd
Not to long entry level yet
4.37%
ICICI Bank Ltd
2.69%
HCL Technologies Ltd
2.41%
NTPC Ltd
2.10%
Power Grid Corp Of India Ltd
2.10%
Larsen & Toubro Ltd
2.05%
Kotak Mahindra Bank Ltd
While the Nifty has been acting quite well, the Indian Rupee has not been very bullish at all to say the least. This impact is being felt on the EPI index which is exposed to currency risk as well in addition to equity risk, a fact which is overlooked by some market participants.
In any case, the way it has been acting, makes it look like further lows are ahead,...
Previously, I mentioned that its necessary to be patient, and I think we have an answer now.
We matched the 6th of December 2017 fractal on the hourly, so we are likely to have a strong move up.
Today's move down is likely just a reset since it was moving at an unsustainable angle.
So my plan
1. I'm looking for there to be a couple of red days which I can buy....
