The last time World Stock Market EX US Was August 2007. Long term previous highs like this are always points of interest for a potential reversal.
Vanguard FTSE All World-Ex US ETF - Short Idea based on Bearish Harmonic.
Realty != Belief The secret to this market is to lower your expectation continually. Bulls do not realize they are sitting in the largest bull trap ever setup. Macro bottom still pending... it's more of the same: drop, consolidate, drop. A wise Bera once said: Resistance is infinite and unbounded. When a level is broken, there will always be more...
Comparing the US (SPX) vs the World. VEU seeks to track an index that consists of companies located in developed markets, including Europe, the Pacific, and Canada, and in emerging markets.
Again I repeat, trades take time to develop. VEU is yet another one of my examples that seeing key areass before everyone else, does not mean you will get paid tomorrow. It means you will be paid when everyone else sees it too. Which is the point of good analysis.
Good location to short VEU with a really nice Risk / Reward
what a trend line retest. Will it hold on th enext touch?
The Global Stock Market's (excluding US) Monthly RSI is Entering Overbought Territory. While not as extreme as VT, I would be careful about going long here in developed markets or emerging markets. For a while longer, I expect it will outperform the US but I think it will for in upcoming months. The ECB is planning (that may change if stocks or especially bonds...
The index includes approximately 2,200 stocks of companies in 46 countries, from both developed and emerging markets around the world Frankly, i don't think the weakest in EEM stocks are enough to break this 2009 uptrend line, the developed markets do not fare very well which as a whole contributed to the broke down. QE4 coming?
VEU has been in a downtrend for a long time. Positive RSI divergence is finally forming. A breakout of the bull wedge would be bullish long term.
With world markets making much lower lows, count on the recent lows in the SPY not holding.
The slope of the SPY move, since the beginning of QE, is unsustainable. A move back to the 100 and 200 period M.A.'s would be healthy.