Upside Target Met In Hong Kong Hang Seng Index (HKHS)
Posted on: Tuesday, May 16th, 2017
The Hong Kong Hang Seng Index (HKHS) has traded as high as 25,386 today, meeting our 25,200 upside target first mentioned in the July 25th 2016 Keys To This Week report (access requires subscription), to capture a 3,207 point, 15% advance in a little less than 10 months.
Our primary interest in HKHS was its tight and stable long term positive correlation to the S&P 500 (SPX), which we viewed as being indirectly positive for the US broad market.
During the same 10-month period, HKHS outperformed the S&P 500 (SPX) by 4.1%.
Here is the chart.
Hong Kong Hang Seng Index daily: 2016 through May 15th
Asbury Research subscribers can view our current research on the US stock market, market sectors, US interest rates, ETFs and commodities, as well as a table that includes our current and recent global index picks like HKHS, plus our picks in US stocks and ETFs, by logging into the Research Center via the big gold button in the upper right corner of the screen.
Subscribers and interested investors can view our 35 most recent closed out trade ideas by Clicking Here.
To non-subscribers: Request more information about us, including service and pricing options, by visiting our Contact Us page or by calling 888-960-0005.
All Contents © Copyright 2005-2018 Asbury Research LLC. The contents of all material available on this Internet site are copyrighted by Asbury Research LLC. unless otherwise indicated. All rights are reserved by Asbury Research LLC., and content may not be reproduced, downloaded, disseminated, published, or transferred in any form or by any means, except with the prior written permission of Asbury Research LLC., or as indicated below. Members of Asbury Research LLC. may download or print web pages for personal or academic use, consistent with their user agreement. However, no part of such content may be otherwise or subsequently reproduced, downloaded, disseminated, published, or transferred, in any form or by any means, except with the prior written permission of and with express attribution to Asbury Research LLC. Copyright infringement is a violation of federal law subject to criminal and civil penalties.