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Upside Target Met In Hong Kong Hang Seng Index (HKHS)

Posted on: Tuesday, August 16th, 2016

The Hong Kong Hang Seng Index (HKHS) met our initial 23,000 upside target today, which was first mentioned in the July 25th Keys To This Week report (access requires subscription), to capture a 1007 point, 5% rise in about 3 weeks.

Hong Kong Hang Seng daily since January

Hong Kong Hang Seng daily since January

We are interested in the Hang Seng because of its long term positive correlation to the S&P 500, the latter which has coincidentally risen by 32 points or 1.5% during the same 3-week period.

S&P 500 vs. Hang Seng daily since

S&P 500 vs. Hang Seng daily since 2000

We also have a secondary upside target in the Hang Seng that is available to Asbury Research subscribers in our most recent Monday August 15th Keys To This Week report for the US stock market.

To non-subscribers:  If you believe the ideas and information listed above could help your own investing become more profitable, then we invite you to request more information about us, including services and pricing, by visiting our Contact Us page or by calling 888-960-0005.