Head of Research at Fusion Wealth Management Ltd

Michael McGaughy

Thematic (Sector/Industry)

Are Taiwan's headline index and US listed ETF breaking through a long-term resistance level? As seen in the charts below, both the Taiex and Taiwan ETF seem to have been breaking through a long term - 16 year - horizontal resistance line. Taiwan's a big part of the Asian and Emerging Market ETFs/indexes so there could be additional re-weighting/tactical/index implications for this (my data set only goes back 16-years).Take it all with a large dose of salt. I'm much more of a fundamental…

Are Taiwan's headline index and US listed ETF breaking through a long-term resistance level? As seen in the charts below, both the Taiex and Taiwan ETF seem to have been breaking through a long term - 16 year - horizontal resistance line. Taiwan's a big part of the Asian and Emerging Market ETFs/indexes so there could be additional re-weighting/tactical/index implications for this (my data set only goes back 16-years).Take it all with a large dose of salt. I'm much more of a fundamental…

Taiex and EWT: Breakout in Taiwan?