Corey Rosenbloom: Following up to this morning’s post on the US Market Breakout and Sector Strength/Weakness, I thought it would be instructive to take a look at broader global ETF money flow as well in terms of relative strength and weakness.
As there’s more to view, let’s get straight to the charts:
It’s a lot to view so let’s take it step-by-step.
Similar to the Nine AMEX Sector ETFs (prior post), we have iShares international exchange traded funds.
We’re assessing Relative Strength simply by comparing the most recent price with the prior high in 2013.
Global ETFs that are currently above their 2013 high – similar to the US S&P 500 and Dow Jones – will be highlighted green while those that are currently beneath the 2013 high will be labeled in red.
The larger the green or red box, the larger the relative strength or weakness difference in these funds.