TASI trade ideas
$TASI Don't Sleep on Saudi ArabiaOne market that has quietly, but powerfully, performed well for 2019 year-to-date has been Saudia Arabia's Tadawul All Shares Index , up 13.82% as of April 3rd 2018.
On a macro level, the country has been buoyed by a resurgence in the price of oil , coupled with the "Risk On" feel supporting the markets since January 2019.
More interestingly, on a domestic level, the country has been support by global index makers, such as MSCI , promoting Saudi Arabian shares for inclusion into global benchmark indices, such as the MSCI Emerging Markets Index. This has been a boon for Saudia Arabian stocks, as Saudi shares have received billions in fund flows from global investors, and great exposure to global investors as this asset class opens up further.
Lastly, on a technical basis, the market technicals for Saudi shares are quite strong, with the price being supported by the 10-day EMA since December 2018. Furthermore, the Smart Money Index for the $TASI has risen steadily since January 2019, indicating strong flows into Saudia Arabian stocks.
We believe that this trend will continue for 2019 and recommend investors to have exposure to have exposure to Saudia Arabia. For investors who are interested in profiting from this trend, the ETF $KSA provides a great opportunity for investors.
TASI seems to be in critical, struggling on 200 days MAThing are going worse, after the balance sheets are announce for 2018.
sky diving on the way for all markets,,,,,,,
TasiSaudi stock market in down trend since 2006 and seems to be very poor market ad dangerous for investors
tasi The bubble since 2006 is in the process of correction>
Expected to break the historical trend after a sid trak>
The wolfe waves target is still standing..
