It’s a Small World – ETF Style

It’s amazing how similar almost every single market looks, whether we are talking sectors or countries. Let’s take at some country ETFs.

I’ll start off with Brazil, since EWZ is one of my favorite trades. It is not surprising that we see a death defying drop followed by a low volume pullback into resistance that works off the oversold conditions that occurred last week.

Now let’s look at the U.S., via the S&P 500. I can analyze this chart by cutting and pasting what I wrote above. I’m not gonna even bother to annotate the chart.

Malaysia- ditto

Singapore- control c, control v

Let’s move on from Asia and go to Europe. France – cut and paste

Every chart I find is going to be more of the same.

If you think this bounce is just a pause before the next leg down, you can basically take your pick of just about any country, index or sector. It makes no difference. As you all know, I’ve been using QID as my current “go to” trading vehicle, but I could very well pick from many legit choices.

{If you were linked here from another site, please check out the rest of my site}

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