Week 45 Global Markets Trending

The Global Markets are looking better now from the last time I reviewed them on October 31. I see some more greens than last time on my heat map. That somewhat is played out with what I saw with the All-Country World Index ACWI.

The most interesting to me is Hong Kong EWH and China FXI looking better. A week ago, these were perfectly bearish. The question is whether this move up can be sustained. Over the last week FXI is up +14% and EWH is up +11%. Needless to say, both are still down quite a bit YTD (FXI down -34% and EWH down -23%). So, there is a long way to go.

Just for comparison, the S&P 500 is down -20% and the Dow Jones is down only -10% year-to-date.

The best trending are Brazil EWZ, Mexico EWW and India INDA. EWW delivered +3.72%, INDA +2.16% and EWZ was down -0.95% over last week. Over year-to-date, EWZ is +18.27%, EWW is +4.03% and INDA is down -7.45%.

Here is the returns table for all the global markets over various periods in time:

The table again shows us that Mexico, Brazil and India have been the best global markets this year. Best is used in relative terms of course. But these are better relative to the S&P 500 as well.

Some of the leveraged instruments that I use to trade global markets are:

YINN - China 3x Bull

YANG - China 3x Bear

EURL - Europe 3x Bull

EDC - Emerging Markets 3x Bull

EDZ - Emerging Markets 3x Bear

MEXX - Mexico 3x Bull

KORU - South Korea 3x Bull

BRZU - Brazil 2x Bull

INDL - India 2x Bull

At this time, I do not hold anything from the above. I will post here if I do take a new position.