ETF Focus: Foreign Markets
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I have grouped together a few similar ETFs to take a look at. In this installment, we will take a look at ETFs that specialize in various foreign markets.
Emerging markets have the prospect for a lift from here. They’ve put in a higher low, and they’ve had the stuffing absolutely beaten out of them.
Likewise, the world equities (outside of North America) fund found major support at a Fibonacci retracement level, and it could easily push its way back up to the next higher level.
This is a very similar fund, but it also includes India. Same idea as the previous – it could push higher to seal its price gap.
The Eurozone has been smashed like wild. If it got a rally going, its exhaustion point would be the long horizontal line which is anchored to that major price gap.
Here we see China beneath major resistance. This looks very vulnerable to a downtrend as long as it is under that horizontal.
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