EWY South Korea ETF
One of our current positions is EWY the South Korean ETF. We went long a few weeks ago in our model portfolio based on the trend, valuation, and economic characteristics of South Korean stocks.
EWY-South Korea ETF
Another factor that got us into EWY was the increasing number of Asian countries that have been coming up in our global stock model. Our global stock model looks at technical, economic, fundamental, and sentiment indicators to help find foreign stock indexes that meet our risk to reward criteria.
Apparently we are not the only ones to have found an opportunity in South Korea as the Oracle himself WarrenB apparently is getting long some South Korean stocks as well.
In order to catch our trades in foreign stocks as well as other asset classes like US stocks, bonds, currencies, and commodities then sign up for a quarterly or annual subscription to The Macro Trader weekly newsletter with frequent intra-week updates.
Happy Trading,
