Bespoke's International Market Snapshot
Friday, December 26, 2008 at 06:54AM Below we highlight our trading range charts of 22 equity markets from around the world. Moves above the red shading are considered extremely overbought, and vice versa for the green shading. Since late November, most countries have seen their equity markets stage a decent comeback. However, there are some that have moved up much less than others.
The UK, Mexico, Brazil, Hong Kong, South Africa, Sweden, and Spain have had some of the best bounces off of their lows, and most of them traded briefly into overbought territory recently. The price charts for Australia, France, Italy, Canada, and Switzerland look the worst based on their trading action over the last month or so. It has been months and months now since any country has had a sustained uptrend. Hopefully we'll see rising lines in 2009 at some point!
Click here to view a cheat sheet listing the ETFs that cover the countries below.
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