Upside Target Met In Taiwan Weighted Index (TWII)
Posted on: Tuesday, June 6th, 2017
The Taiwan Weighted Index traded as high as 10,227 yesterday, June 5th, meeting our 10,200 upside target first mentioned in the October 10th 2016 Keys To This Week report (access requires subscription), to capture a 934 point, 10% advance in a little less than 8 months.
Our primary interest in TWII is 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 8-month period, the S&P 500 (SPX) rose by 276 points or 12.8%.
Here is the chart.
Taiwan Weighted Index: August 2015 through June 6th 2017
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