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
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