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On ADR's and Foreign Stocks
Best Foreign Markets
Market Direction
Our Comments today- September 1, 2010
Can we break the present downtrend, by the Dow breaking above 10,500, and the Nasdaq above 2,335 lets wait and see! Meanwhile check out our market direction analysis below, to see where we are headed. As for foreign stocks take a look at which markets are not as bad, maybe even good. Check out these countries below CANADA, PHILLIPPINES,GERMANY, and INDIA. There is hopw in these markets! We are always trying to find the best foreign gems (ADRs) to trade.
Yes, we are still technically in a downtrend as far as the Dow Jones and Nasdaq charts appear. This short term downtrend began at the end of April. If you are trading be very cautious out there, because both the Nasdaq Composite and the Dow Jones Industrials have technically mached their May lows already. The question now is will we go any lower, and if we do , how much lower? Will the markets turnaround, and have a short bull run over the summer? We are now at a point where smart traders are unsure weather to be absolutely short or long. Its better to be both short and long those particular stocks that are either in a clear downtrend or uptrend. As for market direction, it is better to wait with patience till there is a clearer picture of either continuation of the present downtrend, or a change in trend (a new uptrend).
Here at trading ADRs.com, we scan all the ADR's (foreign stocks) out there, and world indexes, to find the best possible stock set ups technically. We uncover the best foreign markets, even when the US markets and most markets are performing weak and poorly. There is usually always some sector in some country which is outperforming even when it appears that all markets are in crisis and are dangerous to trade. So this week we have uncovered 3 markets whose indexes are still technically in an uptrend, or at least have not broken support yet.
CANADA -Canda's index (^GSPTSE), has been in a steady general uptrend when looking at a 1 year chart.
PHILLIPINES-Phillippine's index (^PSI), has been in a beautiful uptrend for a year now, and last month made a new 52 week high.
GERMANY- Germany's index (^GDAXI), has also been in a nice general uptrend when looking at a 1 year chart. As long as we don't see it taking out May's low, it will remain in an uptrend for now.
INDIA- India's Index(^NSEI) has been in a nice uptrend this year, In April we can see according to its chart that it matched its February low. If the index manages to break above its may high it will be able to continue its nice 1 year uptrend.
The secret is investing in ADRs. ADRs which stands for American Depository Receipts trade just like regular stocks but represent the ownership of shares of a foreign company trading on U.S. financial markets. Buying shares of companies in other countries can be very complicated and very risky not to mention they trade at different prices and currency levels that is why Investing in ADRs are great .
During the terrible financial crisis of 2008, when major stock markets were crashing around the world, surprisingly ADRs still performed nicely and earned some nice gains.
It is important before investing in an ADR of a particular country to look at the financial stability of that country. For example, how has the stock market of that country been performing lately, has it been in an uptrend, or downtrend? Sometimes strong global demand for natural resources drive a countrys stock market up, and its ADRs go up as well.
Why Trade ADRs?
Are we still in a bear market or are we going to begin a new bull market ?? What are the charts showing us?? Where are we headed this September? We will be back with our comments this week, and will try to answer all the above based on our technical analysis, and what we can see!!
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ADR GOLD
Which markets are doing well?
