Below is a Table of Tradeable Exchange Tradeable Funds (ETFs) Reprensenting Various Countries. I have Included Long and Short Term Time Frames with Support and Resistance lines on Each Chart.
- NOTE: In my experience, volume is not that important in these ETF's as they simply follow the direction of their respective foreign country - i.e. if the Austalial Market is going up, then EWA will go up regardless of the volume.
While the mechanics of cross-border investment flows are often complex, the American depositary receipt, or ADR, offers a convenient, easy-to-use avenue for adding global exposure to U.S. portfolios.
- NOTE: Unlike foreign ETFs, ADRs are individual stocks, therefore volume is important.
Complet List of ADR's - sorted by country
For example: Let's say you notice that Chiles general stock market is strong. Instead of simply buying (CH), you could buy respective ADRs for Chile to take advantage of this strength.
Below you will find links to the most active ADRs for each country listed. You can also list more ADRs or sort by category.
Comments: - Most of the foreign markets have been rallying in unisen, however, many are topy and look like they will begin a pullback. China, Taiwan, Russia, and Japan look interesting here.
| Summary: Almost every foreign exchange has rallied in unisen, however negative divergence in the $DJW chart suggest a world market pullback has begun to work off overbought conditions.
DOW World Markets ---- $DJW
|
Russian Stock Market
This may sould crazy to many of you, but the Russian stock market looks really good for long term investments. It is in a long term bull market (not a bear market rally) unlike our market that is in a secular bear market. I originally became aware of the Russian stock market in late 2001 after it broke out from resistance from a long base. The Russian economy has been set up for growth, with a very low flat tax for corporations and individuals (13%). The Russian economy seems poised to grow, and in many ways resembles our economy 100 years ago.
Read this article for more information on the Russian ecomomy: Russian Flat Tax Miracle
In later 2001, the bull market began in the Russian stock market after it broke the 2660 resistance zone, and then doubled and topped out at 5400 in mid 2002. Since that time, the Russian Times broke out to an all time high above 5400 and is on a tear. I think it will see 7000 this year at least.
