Stocks This Week: Buy The Australian Stock Market

AP Photo/Rick Rycroft


April has been especially strong for the Australian stock market. Below, we see a monthly histogram for this average. Note that price has risen 78% of the time for an average 2.8% gain. Combining seasonality with relative strength, this market ranks fourth amongst the world markets. By contrast, the S&P 500 is in eighth place. The monthly price cycle rises into July. Price will likely rise closer to 9000 by the summer.

The iShares MSCI Australia ETF (EWA) is the best vehicle with which to take advantage of this this projected price gain. It closed just under $27 and is likely to rise over $30 and may challenge the old 2006 high at $34.

Australian Market Monthly Histogram

This market has been strongest in April since 1980.

Cycles Research Investments LLC

Blue: Average Percentage Change

Red: Probability of a rise on that day

Green: Expected Return (Product of the first 2)

Australian Market Daily

Relative strength is bottoming.

Cycles Research Investments LLC

Australian Market Monthly Cycle

This cycle rises into July.

Cycles Research Investments LLC

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