Market Vectors Vietnam - ETF

Market Vectors Vietnam - ETF

As you can see after a bear run in 2010, things looked like it is picking up for the Vietnamese market in December 2010. Money is pouring into the markets, foreign investors are coming back in and it looks as though Vietnam is on course for a recovery and a major bull market is imminent.

However as you can see there was a short signal in January and then a long signal not long after in the same month! It seems the investors or " big players" are confused... should they go in or stay out? Alas a short signal was triggered by the COT Proxy. This tells us that the investors and "big players" are moving out and fast! The downtrend has started and up till now the market is making new lows. With this info, will you be going into the Vietnamese market now and try to catch a falling knife?

Do take note that Vietnam is an emerging country and there are many opportunity awaits. We will wait until we have a clear bull signal before we re-enter. If you trade individual stocks in Vietnam (Ho Chi Minh Stock Exchange, HOSE), do take note of the index/ETF to give you a broader picture of how well the market is doing.