In my Chartwatchers article for March 4th, I was focused on some Country Indexes like Germany's $DAX and India's $BSE. The commentary revolved around watching these markets for potential breakouts. You can follow this link to check it out. 5 Foreign Markets Are At Must Watch Levels. There was a big push in overseas markets on the back of the Fed meeting and the following day. Rather than show the foreign markets, it might be better to point to some ETF's that are investable here.
The iShares Germany ETF (EWG) is pushing higher this week and looks to be breaking out of a wide base.
India is also doing well. It broke out of a big base last week as well. The iShares ETF (INDA) tracks India's market.
To find good growth in more than one market, some of the Emerging Market ETF's are breaking out. This Vanguard Emerging Market ETF (VWO) chart looks particularly attractive.
I wrote a few helpful articles with tips for using StockCharts.com over the last couple of weeks that you might be interested in.
The links for the Canadian Technician and Commodity Countdown recordings are now in the respective blogs. You can find links to the Commodities Countdown Video Recordings on the Commodities Countdown blog.
You can also find a collection of my important charts here. Commodities Countdown Charts. This is constantly refreshed so you will find some interesting trend lines on different charts there.
Thanks for being a subscriber and thanks for following along.
Greg Schnell, CMT, MFTA.
About the author:Greg Schnell, CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the Market Technicians Association (MTA) and the International Federation of Technical Analysts (IFTA).
Greg is also the co-author of Stock Charts for Dummies (Wiley, 2018).
Greg joined StockCharts.com in 2012 and has be instrumental in helping launch a variety of new blogs and other commentary platforms. Presently, Greg contributes market analysis commentary to The Canadian Technician, Commodities Countdown and Don't Ignore This Chart blogs.