Long term buy ideas

Two long term themes that I am very attracted to are:  water and Africa.  I have found it difficult to find ideal investment vehicles for either.  But there are ETFs for each that are at decent buy spots.

AFK is a on rising trendline support dating back to 2009.  It has, in general, trended along with the S&P, though it underperformed early this year due to exposure to Egypt, and in the last month or so was inversely correlated during the S&P’s sell-off.

 

One of my other favorite themes is water, something that will become increasingly important.  PHO is an ETF that covers a variety of subsets within the water industry.  It is at some long-term price support (18.50ish) that has acted as support/resistance almost every time it’s been touched over the last 5 years.  It is also trading at the bottom of its falling channel, and still above support from its 2009 lows.

 

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