MOST stock markets on a global basis appear to offer excellent opportunity for profit. As interest rates fall or the currencies devalue, stocks are in a good area for growth. My favourite is the French market, which should move upwards strongly. I also like the Asian stock markets. They appear set to move up with good profit.
Let us review the position of each market, as judged by its most popular index.
The Singapore Straits Times Index is consolidating recent gains and is an excellent bet as long as it can stay above 1,550, which would be an area of concern.
The Malaysia Consolidated Index has pushed up to a multi-year high and looks strong. It will be risky if it falls back to 650, and a prudent investor will exit at 550.
The Taiwan Weighted Price Index has had a good run above 3,000. It is excellent, as long as it can stay above 3,000.
The Bangkok SET Index recently fell back to 900. But it has a strong base building up and should push forward with vigour. It would take a close at 835 to cause doubt.
The Philippine Manila Index is likely to drift sideways until after April because of Easter. It is good as long as the market stays above 1,175, when you should exit.