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.
To follow when McCullough adds, removes and re-ranks SMIN, INDA and 30+ other tickers within his own long-only ETF portfolio, subscribe to Portfolio Solutions.
