The last decade has witnessed a marked improvement in information technology. Such an improvement has reduced the information cost for market participants. Thus, whether the influence of geographic factors on international financial linkage is still significant nowadays is an important question...

This study compares the efficacy of the Relative Strength Index (RSI) vis-a-vis the Moving Average (MA) trading rules on the daily exchange rates of six currencies. The results indicate that the trading rules can yield positive risk-adjusted returns, and the profitability of these trading rules...

The 'Dogs of the Dow' strategy is a dividend-yield trading strategy, which invests in stocks that give the highest dividend. This article examines whether the 'Dogs of the Dow' strategy is profitable in the Hong Kong stock market. Using the data from 1992 to 2007, we show that a portfolio...

This paper endeavors to compare the profitability of Moving Average Envelopes and Bollinger Bands. Despite the fact that Bollinger Bands can capture sudden price fluctuations which Moving Average Envelopes cannot, our study reveals that Bollinger Bands do not outperform the Moving Average Envelopes.

In this article, we examine whether a day's surge or plummet in stock price serve as a market entry or exit signal. Returns of five trading rules based on 1-day and intraday momentum are estimated for major world stock indices. It is found that the trading rules perform well in the Asian indices...

This article examines two oscillators - the Moving Average Convergence-Divergence (MACD) and the Relative Strength Index (RSI) - to see if these rules are profitable. Using 60-year data of the London Stock Exchange FT30 Index, it is found that the RSI as well as the MACD rules can generate...