Log in
Don't have an account?
Sign Up Here →
Forgot Password?

CHART: This Country’s Stock Market is Flashing a New Sell Signal

September 2, 2015


CHART: Volatility Rocks the Global Financial Markets

CHART: This Country’s Stock Market is Flashing a Major Sell Signal

We just released our September ETF ratings for our FTM Insiders and Pro Traders, and one of the major changes from last month is in India’s stock market, which is now flashing a new long-term sell signal in our Profit Trakker system.

The sell signal on India’s stock market is only one of ten new country-based long-term sell signals issued by our system. See all ten of the countries in sell mode here.

Our trading vehicle of choice for Indian stocks is the iShares India 50 ETF (Ticker: INDY). Since our trading system’s last long-term BUY signal in February 2014, INDY has risen 25.3%. However, with the steam running out of this bull run, our system is now flashing a long-term sell signal on Indian stocks.

Recent economic data show that India’s second quarter GDP was weaker than expected, which falls in line with many emerging nations struggling with economic growth. India also has some worries over the devaluation of the Chinese yuan, but not as much as some of its neighbors who trade at higher levels with China.

Adding to India’s woes is the most recent session of its parliament, which failed to produce many of the financial and economic reforms promised in the campaign of Prime Minister Narendra Modi.

For now, we will avoid Indian stocks and will remain bearish until our system flashes a new long-term BUY signal for our subscribers.

Until tomorrow,
Jerry Robinson

P.S. To unlock our latest ratings on 40 country-specific ETFs, including buy, hold, and sell signals, subscribe to our Gold member community now.


Get Instant Access to FTMDaily's Monthly ETF Trend Alerts!
Wise traders and investors know that U.S. stocks are not the only game in town. Each month, our FTM Insiders get access to our powerful trend analysis on 40 global ETFs.

Whether you want to invest in Europe, Asia, or Latin America, our ETF Cheat Sheet will keep you on the right side of the market, no matter which global market you want to trade.

View our Plans and Pricing Here

Bankruptcy of our Nation: Now in Audiobook Format


See Today’s Trading Idea Here

Paid subscriber access only
View our Plans and Pricing here

Featured image courtesy of: Saisnaps / Shutterstock

Please help us spread the word about on Facebook, Twitter,
and any other social media outlets.

Silver & Gold

Call 800-247-2812 now for the best prices on gold and silver coins and receive Free Shipping and Insurance when you mention Follow the Money.

Weekly Newsletter

Stay in the loop!
Sign up today to receive our
weekly e-newsletter.