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One of the more noteworthy developments in recent days has been the move in Korean financial markets.  The iShares MSCI South Korea ETF (EWY) jumped 0.88 percent to 76.54 following report that North Korea and South Korea established contact on a hotline that’s been dormant for almost two years, a major diplomatic breakthrough following a year of escalating hostility and a move that could pave the way for future talks.  Now the question is whether the rally has more legs?  Below is an update look at a trade in EWY.

The graphic below is from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges.  As shown, the underlying is in a short-term bullish trend when the price bars are painted in green.  The underlying is in a short-term bearish trend when the price bars are painted in red. 

Chart 1.1 – iShares MSCI South Korea ETF (weekly)

Our “U.S. Market Trading Map” painted EWY bar in green (buy) – see area ‘A’ in the chart. EWY rebounded nicely after the late 2017 pullback found support near the October 2017 breakout point.  That level roughly corresponds with the 20-week moving average.  This is a positive development, opened…Click here to read more.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.

 

This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

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