YTD performance of major indexes of the world as grouped according to their region.
Among Emerging Markets (EM) of Asia, PSEi has the 3rd biggest YTD gain after India’s sensex & Taiwan and highest among the TIP.
Notice that Germany’s DAX has the biggest YTD and other bourses from Developed Markets (DM) like HSI, SG, and Nasdaq have at least 10% YTD gains.
Of course there will be bumps ahead but I still remain bullish after seeing the weekly charts of some major indexes of the world.
FTSE – London
DAX – Germany
Nikkei – Japan
HSI – Hong Kong
PSEi – Philippines
DJIA – USA
52EMA – Unlike commonly practiced 50MA, I prefer to use 52 weeks simply because a year is composed of 52weeks. I also used Exponential Moving Average (EMA) over Simple Moving Average(SMA) because EMA gives more weight
on the price of recent weeks whereas in SMA, all is equal.