Relative Strength leaders China ETF Trend Following
The old saying I say all the time…you want to buy the strongest. Chinese ETFs currently are the strongest based on Relative strength. This is confirmed by the moving averages. One could simply buy the breakout…in this case 70 day high…filtered by being above moving averages. The stops also can be moving averages or average true range. The first trade did not work…however the second so far is trending along….
Sorry folks and all those who like complicated. This is very simple and takes very little time.