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One of the noteworthy developments in recent days has been the move in frontier markets.  The iShares MSCI Frontier 100 ETF (FM) has been under selling pressure amid an intense appreciation in the US dollar.  Also contributed to the overall weakness was a tighter financial conditions around the globe.  The ETF fell 0.3 percent Monday, down 4.3 percent MTD, underperformed the S&P by a wide margin.  Now the question is whether the recent selloff is a beginning of an end or there’re more pains ahead?  Below is an update look at a trade in FM.

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 Frontier 100 ETF (weekly)

Our “U.S. Market Trading Map” painted FM bars in red (sell) – see area ‘A’ in the chart.  The first dominant feature on the chart is the rising trend line starting in early 2016.  The second dominant feature of the chart is the downward trend since late January 2018.   The April selloff pushed the ETF below the 4-year moving average, breaking an important support…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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