Cheer up, help is on the way! Well, maybe. Below we see the FTSE Chinese 25 Index fund. It gapped up on high volume, and appears to be saying that things are improving in China. China is now the second largest economy in the world.
Being naturally suspicious, I immediately turned to the Shanghai Composite Index for confirmation on China. And below we see it, gapping bullishly above its 200-day moving average. I'd like to say, "As China goes, so goes the world." But that's just a slogan that I made up.
So I turned to GDOW, the "Global Dow." And look at this! GDOW has gapped up and surged above 2,000, it's highest level since 2011. With all this ammunition shooting skyward, I was thinking, subscribers might take a conservative position in the DIAs. All we need now is to see the Dow confirm the Transports with the Dow closing above its ... Log in or subscribe to continue reading.
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