Alright, here we go. Welcome, dear reader, to my ramblings on The Market’s Compass Emerging Market’s Country ETF Study, Week #543. Yeah, you read that right, five hundred and forty-three. What a mouthful, huh? Anyway, I’ve been tracking these 20 emerging market country ETFs like a hawk every week – or, maybe not a hawk, maybe more like a curious cat. No idea why I’m stuck on animal metaphors now. Paid folks get the VIP unabridged version in their inboxes. Lucky them! Oh, and in a nice Mother’s Day twist (albeit late), everyone else gets the full piece too. Call it a free sample or whatnot.
Ah, and next week? We dive into developed markets. Yum. And if cryptos are more your speed, I just dished out the latest on the Crypto Sweet Sixteen. Sweet, right?
Feeling puzzled by this EM Country ETF mumbo-jumbo? Don’t worry, there’s this magical place on a website (themarketscompass.com) that explains it all – the “technical indicators” section or something. I’d say it’s like a treasure map, but without the pirates.
Alrighty, let’s dip our toes into some numbers. This past week, the Total EM Technical Ranking (or “TEMTR,” because we love acronyms, don’t we?) didn’t budge from last week. I swear, it’s like watching a turtle race. Lat AM EM Ranking decided to lift its spirits, climbing up a smidge – while Asia-Pacific took a small dive. Poor thing was soaring the week before. Oh well, life’s full of ups and downs, right?
Out of our 20 EM Country ETFs, eleven were like, “Let’s get better this week,” and they actually did. Two just chilled out and seven took a nap. Change? Zero. Nada. Nothing. It was like watching paint dry. Oh, and in our fun “green zone” (not a real zone, just a metaphor or something), thirteen hung out, six were in the “blue zone,” and one, bless its heart, stayed in the “red zone.” That would be our little iShares MSCI Turkey ETF friend.
I should probably elaborate on these colored zones… Nah.
Moving on. Daily Momentum Technical Condition Factor (or “DMTCF” – I swear, we love these acronyms) was all set at 81.43%. Whatever that means. It was slightly shy compared to the week before’s high. ‘Overbought’? Who comes up with these terms?
Our tech-savvy folks love using all eight TCFs for market confirmations. You know, if numbers go up, it’s like, “Hey, the market’s improving!” and if they go down… Well, the opposite. Simple, yet profoundly confusing sometimes. Two went north, two decided chilling was fine, and three went south. Balance or something like that.
So, what’s this RRG Chart? Picture blobs dancing around a grid. That’s it. Points moving, not all 20 ETFs get invites to this party, just the cool kids. iShares MSCI Taiwan (EWT) went from “meh” to “yipee!” in no time. Thailand (THD) did a little “oops, let’s head back” dance. And India (INDA), oh boy, it played hopscotch over three quadrants. Turkey (TUR)… we don’t talk about Turkey.
The iShares MSCI Emerging Markets Index did a minor jig downwards. Nothing major. But hey, remember, stay tuned for some “Weekly Candlestick / Cloud Chart” insights. I know, the suspense is killing you.
Five weeks of rally and who knows where we’ll land. Price resistance here, momentum oscillators there. A dance of numbers predicting nothing and everything. The rally hit a wall at 45.50 last week, kinda like trying to snag a last minute invite to a sold-out concert.
Why we analyze “Pitchforks”? Beats me. Sounds medieval, and maybe a hint of danger just around the trading corner.
In sum, fourteen of these EM Country ETFs decided to take the high road last week, and six took the lower road. Drama in the world of ETFs, I tell you.
Visualize? Ha! Optuma’s got you covered with these eye-popping charts (kind of). They even show you how magical RRG Charts are, just in case you need a new party trick. Check those tutorial links, and maybe, just maybe, you’ll see charts in a whole new light. Who knew finance could be so… colorful?
That’s it. Until next time, keep your eyes peeled and toes tapping.
