The Ishares Singapore ETF (NYSE: EWS) delivered a chart breakout
on Monday.
Chart Courtesy of StockCharts.com
Emerging markets usually exaggerate the trend of the U.S. market,
both on the up side and on the down side. And Singapore is often
a fairly good bet on that trend.
If you're going to trade international ETFs you should consider doing so via
charts rather than news or fundamentals. For example, Singapore's GDP fell nearly
7% in the fourth quarter, and likely 2% for 2009. Yet, the Singapore ETF broke
out on the first trading day of the year.
The bottom line is that trading is about trends and momentum, which means that
if you are an aggressive trader, at this point, this is an ETF worth considering.
Volatility, and external events can always derail all investments, but especially
those that are concentrated in one country or one sector. That means that the
total allocation given to any one area needs to be limited.
The ETF has more than doubled since its March 2009 bottom, again proving the
need to trade this instrument via charts, not via news.
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