CHART OF THE DAY: India's PMI Accelerates for 4th Straight Month

This chart from today's Early Look by Keith McCullough shows an increase in India's PMI from 47.9 in December to 56.9 in January, while New Orders picked up as well. 

With India ETFs SMIN and INDA at the low end of the Risk Range Signals yesterday, McCullough bought the damn dip. BSE Sensex was up +1.2% overnight.

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