A pretty ho hum week in stock market land. Well kind of. I like price action globally.
Continue to hold open positions.
I mentioned REG, Regency Centers Corp, in my notes from last Monday.
Regency Centers Corp (REG) daily
It popped 8% in the last four trading days. Risk is a bit high considering such a big move off trend line support. You really have to risk about 10% to let this one run.
If you don’t want to risk that much then you can use the first support level as your line in the sand.
I’m putting this on the buy list for Monday.
Schwab International Equity ETF (SCHF) weekly
It might be time to go a bit more global. Price has busted up through resistance. I’m adding this one to the buy list as well for Monday.
China Index Fund ETF (MCHI) weekly
It looks like China is going to join the party. Price closed the week above resistance. I think it would be wise to wait a week on this one. Price has been rejected near this level many times.
In addition, EWY, the ETF for South Korea is running into some resistance (see below).
South Korea Index ETF (EWY) weekly
Price certainly might bust up and through this important price zone but let’s get some additional confirmation before jumping in.
Here is another one that I’m watching closely…emerging markets.
Emerging Markets ETF (IEMG) weekly
Price closed the week above resistance. I will be watching this one too this coming week.
It appears Europe doesn’t want to be left in the dust as well…
Euro Stoxx 50 ETF (FEZ) weekly
Price closed the week slightly above resistance. On my radar.
Public Storage (PSA) weekly
A rockstar performer. We finally got a decent correction down into support.
This one is going on the buy list for Monday as well. Risk is below trend line support.
Price action is bullish worldwide. Let’s get on board. We can always get off.
Happy St. Paddy’s Day. I love the color green.
Trade Smart,
Don Roth