Below we highlight the year to date performance of the major stock market indices for 82 countries around the world. The average year to date change for all 82 countries is 5.39%, while the median change is 2.23%. The S&P 500's year to date change of -1.24% is obviously below both of these. The US currently ranks 53rd out of 82 in terms of 2010 performance. At the top of the list is Sri Lanka with a 2010...
Below we have a table of major country ETFs ranked by a combination of valuation and momentum.
Valuation is often one of the largest factors determining long term returns, while momentum has been more predictive of the short term. By combining both, we are trying to pick countries that have both long term and short term tailwinds.
Belgium may be known for its beer, but there is a lot more to its economy than just drinks. Recently, there has been encouraging news, which may be good for its ETF. However, you will have to evaluate the good from the bad to decide if an investment is the right choice.
Belgium is a country with few natural resources, which makes its economy vulnerable to world markets, according to the CIA. In 2009, its economy contracted 3.1%, while unemployment rose slightly and the budget deficit worsened because of large-scale bailouts of financial companies.
Below is a table in order of the sum of the 3, 6, and 12 month returns for individual country ETFs. Each column represents returns for various timeframes and the percent each ETF is above (or below) the 200 day moving averages as of July's close. As of last month I made some additional additions so please take a moment to review the new ETFs.
Last month the vast majority is below its 200 day SMA. To see last month's list click here. This month the picture has improved but is still...
Of the 200 or so key ETFs that we track across all asset classes, the Spain ETF (EWP) is currently trading the farthest above its 50-day moving average. How quickly things have changed since June when Spain and the rest of Europe was plagued with sovereign debt worries. In fact, the nine ETFs trading the farthest above their 50-days are all related to European equities. And of the...
Below we have run a number of foreign ETFs through our trading range screen. Most ETFs represent the equity markets of individual countries, but various emerging market ETFs are included as well. Global equities have done exceptionally well in the month of July, and all but 3 of the 30 ETFs highlighted below are currently trading in overbought territory. The only three not currently overbought are Canada (EWC),...
Below is a table in order of the sum of the 3, 6, and 12 month returns for individual country ETFs. Each column represents returns for various timeframes and the percent each ETF is above (or below) the 200 day moving averages as of June's close. This list is tracked monthly on the right hand side of my blog Scott's Investments. As of March I started tracking two new country ETFs, GXG (Colombia) and...
Throughout the Greek economic crisis I have talked about it being a cautionary tale. However, there is a European nation that could be a more fitting example of what faces America under a system that funnels money from earners to pay for bloated government and the welfare of non-earners. There was an election in Belgium over the weekend that got scant coverage in America. First, as background on the nation, it has the largest comic book industry per capita in the world. A revolt against the Dutch brought independence in 1830 and a constitutional...
Last week, we talked about how higher sovereign risk can “spill over” into the corporate markets which in turn, could curtail economic growth and upset financial stability. Bond yields continue to rise in pockets of less ECB intervention as investor require more yield for the credit risk.
According to Bloomberg, a Belgian auction drew little support which has led to higher yields. Currently, Belgian 5-Year notes are wider by 15 basis points to 2.93 while the yield on the Belgian 10-Year is higher by 8...
iShares MSCI Belgium Investable Mkt Idx (EWK) [Chart - Analysis - News] lost some ground during trading yesterday, but it appears there is some bullish pressure building up in the background ...
By Chip Brian SmarTrend has detected shares of iShares MSCI Belgium Investable Market Index Fund (NYSE:EWK) have bearishly opened below the pivot of $12.39 today and have reached the first level ...
By Roger Nusbaum 07/19/10 - 07:00 AM EDT NEW YORK (TheStreet) -- A few days ago AdvisorShares started the Mars Hill Global Relative Value ETF(GRV). The exchange traded fund employs an active long ...
By Chip Brian Shares of iShares MSCI Belgium Investable Market Index Fund (NYSE:EWK) are trading down 0.2% to $11.72 today on above average volume. Approximately 526,000 shares have traded hands ...
NEW YORK (Market Intellisearch) -- Shares of EWK crossed above the critical 50-day moving average of $11.48. The location of a stock price when analyzed against the moving average can aid in ...
By Chip Brian SmarTrend has detected shares of iShares MSCI Belgium Investable Market Index Fund (NYSE:EWK) have bearishly opened below the pivot of $11.70 today and have reached the first level ...
By Chip Brian SmarTrend has detected shares of iShares MSCI Belgium Investable Market Index Fund (NYSE:EWK) have bearishly opened below the pivot of $11.88 today and have reached the first level ...
By Chip Brian Shares of iShares MSCI Belgium Investable Market Index Fund (NYSE:EWK) are trading down 0.7% to $11.46 today on above average volume. Approximately 626,000 shares have traded hands ...
By Chip Brian SmarTrend's candlestick pattern scanner has detected a potential bullish harami candle pattern for shares of iShares MSCI Belgium Investable Market Index Fund (NYSE:EWK). Today's ...
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