A Quick Grid of Overseas ETFs and Trends

Dec 17, 2014: 3:29 PM CST

With trends shifting and reversing across global markets, let’s step back and take a quick look at a simple chart grid of country ETFs and note signs of relative strength or weakness.

Here’s the chart grid:

The grid above only highlights the MSCI iShares Exchange Trade Funds (ETFs) so be sure to go beyond this grid for a more complex picture of international markets.

Here’s a grid to identify the symbols and countries represented above (you can use this grid as a reference):

Just by studying the quick chart grid above, let’s highlight the strongest and weakest country ETFs.

I highlighted the ‘relative weakness’ in red to represent trends where price is at or very new new 2014 lows.

Also, note that virtually all country ETF funds listed above peaked in mid-2014 and have been trending lower.

Specifically, weakness is occurring in Australia, Austria, Canada, France, Hong Kong, Italy, Malaysia, Mexico, Singapore and Spain.

It’s probably not appropriate to call it “relative strength” but Belgium, Japan, the Netherlands, and Sweden are showing prices rallying up (or higher) than their 2014 October lows.

Compare this grid to other related country ETFs along with the US S&P 500 and index ETFs.

Focus on strength and trade with the relative strength leadership instead of trying to call an elusive bottom (reversal) in weak names – the same logic applies to stocks and country ETFs.

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Corey Rosenbloom, CMT
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2 Responses to “A Quick Grid of Overseas ETFs and Trends”

  1. Morgeon Says:

    Wow looks so beautiful these many charts while it also shows the clear picture about where things move and how does it move. It must also be noted that we should not be making it complicated; if we do that than we are decreasing our chances of making money / profits. I do rely heavily on analysis but also on conditions such as low spread of just 0.2 pips and smooth trading platform where all the trades are executed instantly all because of OctaFX Company.

  2. Jordan Says:

    I always prefer to trade whenever market is at peak or at low, it means I can get 25-30 pips without any stretch, but of course it only works in situations like here on the charts, we just need to make sure we don’t do anything silly or else we will struggle. I always keep my safe side with help of OctaFX broker since they have beautiful rebate program that helps me get 50% back on all trading orders which is even with losing trades too!