


Alix-Pimodan
A very nicely composed ETF from Invesco tracking the bigger players in the HK and China real estate publicly traded companies. Both from a technical and fundamental perspective, there is room for a correction that will present a great buying opportunity for long-term investors.
The recent bearish feeling around gold has pushed prices back down to an interesting level. This is a long-term trade with a good risk-reward ratio. Also, as always, a good way to diversify a portfolio heavy in equities.
The emerging market is trading back into it's multi-year range after a the global market uptrend. Considering the Fed hikes, strength of the dollar and trade tensions, the EM could keep on suffering until the end of the year for a loss of at least 15%
The graph speaks for itself but you can see the 5-year moving average following the uptrend formed by the lows while the highs are kept in check by the resistance zone/lines. Depending on macroeconomic factors, a 15-20% decline is not unimaginable.