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Thread: India Watch - 11NOV25

  1. #1
    Join Date
    Dec 1969
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    Vienna, Virginia
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    India Watch - 11NOV25

    It'll be interesting for us to watch India in the next few weeks. Here's something that has lit up my radar today:

    (as with all my images, right click on the image to open in a new tab or window)

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    Note that LEV is constant while SmEV is dropping. This is a liquid ETF on India -- about $51MM-shares -- so it is the 800# gorilla in the room. This is a positive divergence and shows that smart money is not abandoning this ETF.

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    You'll have to open this in a separate window to view the details.

    Basically, we have a new trend forming here. Very early, and most of these ETFs on India are very thinly traded, so be careful. Despite the thinness, where there's smoke there is generally fire, and the fact that EPI is in this group AND is showing very good characteristics as the entire group tells me that I need to be watching India for continued strength.

    Note that the slopes of the slopes (SOS2, SOS3, ...) are all leading indicators of the respective slope columns (RT2, RT3, ...). Again, early, but worthy of an eyeball from time to time.

    Regards,

    pgd

  2. #2
    Join Date
    Dec 1969
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    Seattle, Washington USA
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    check out the spread on that ETF >$1.50!

    Not exactly trader friendly. Thanks for the heads up.

  3. #3
    Join Date
    Dec 1969
    Location
    Seattle, Washington USA
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    151

    chances are

    I am wrong about the spread. I've been watching a corpse for 30 minutes...

    FWIW:

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    Last edited by nickola.pazderic; 11-25-2011 at 01:36 PM.

  4. #4

  5. #5
    Interesting interview with hedge fund manager domiciled in India:

    http://epaper.livemint.com/ArticleIm...&kword=&mode=1

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