Monday, July 16, 2007

Where has Money Been Moving Into?

Over the last few weeks money has been moving into the following ETFs in a big way.
I'll let the charts speak for themselves but basically it's Asia that's being bought such as China, Korea and Thailand. (click charts to enlarge)






3 comments:

Mr said...

Looks like EWT is forming a small base around 17 like it did around 16.

Sandro said...

Kevin, did retailers index XRT made head and shoulders?

Kevin said...

I see what you are looking at. I guess you can say that's a head and shoulders formation but not the best looking formation I have seen.
Whatever you want to call it, it looks weak given the fact that it couldn't break high with the rest of the market.

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