Below is our trading range screen of the 30 largest country ETFs traded on US exchanges. For each country, the dot represents where it's currently trading within its range, while the tail end represents where it was trading one week ago. The black vertical "N" line represents each ETF's 50-day moving average. Moves into the red zone are considered overbought, while moves into the green zone are considered oversold.
As shown, all but 3 of the 30 country ETFs highlighted are in oversold territory -- most of them deeply oversold. Just one country remains above its 50-day (Vietnam)
As a retiree, I continually search for international investments that help me diversify away from dependence on the U.S. markets. This investigation led me to consider the Asia-Pacific region, which has both developed and emerging markets. Emerging markets are often touted as having strong growth prospects due to investments in infrastructure, increased exports, and the rising domestic consumption of the middle class. Countries such as China, Thailand, and India are all part of this emerging scene. However, other countries such as Japan, Singapore, South Korea, and Hong Kong are usually grouped in the developed market category. It is true that U.S. markets have generally outperformed foreign investments over the past few years, but this has not always been the case. During the early part of the millennium, the Asia-Pacific region generally had excellent performance. If you believe in economic cycles and that the Asia-Pacific region may rise again, then the