👀 Copy Legendary Investors' Portfolios in One ClickCopy For Free

Further Downside Likely For Foreign ETFs

Published 12/09/2015, 12:01 AM
Updated 07/09/2023, 06:31 AM
EEM
-
EWZ
-
EFA
-
FXI
-
EWW
-
ECH
-
EWJ
-
EWC
-
GXC
-
EWG
-
EWH
-
EPI
-
EWD
-
EWL
-
EUFN
-
IFN
-

One gauge of market sentiment that I look at from time to time is my chartgrid of Foreign ETFs:

  • iShares MSCI EAFE (N:EFA)
  • WisdomTree India Earnings (N:EPI)
  • iShares MSCI Canada (N:EWC)
  • iShares MSCI Mexico Capped (N:EWW)
  • iShares MSCI Germany (N:EWG)
  • iShares MSCI Hong Kong (N:EWH)
  • iShares MSCI Japan (N:EWJ)
  • SPDR S&P China (N:GXC)
  • iShares MSCI Brazil Capped (N:EWZ)
  • iShares China Large-Cap (N:FXI)
  • India Closed Fund (N:IFN)
  • iShares MSCI Europe Financials (O:EUFN)
  • iShares MSCI Switzerland Capped (N:EWL)
  • iShares MSCI Sweden (N:EWD)
  • iShares MSCI Chile Capped (N:ECH)
  • iShares MSCI Emerging Markets (N:EEM)

It shows the daily ATR on each ETF (the white histogram at the bottom of each ETF)...an extremely high ATR can often signal capitulation and a reversal of recent general trend.

From the chartgrid below, we're not seeing that extreme, yet. In my opinion, we could very well see further downside on these ETFs, in general, for a while longer.

Foreign ETFs Chartgrid

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.