International Breakouts…

Posted by Chris Kimble on 10/13/2010 at 8:37 pm; This entry is filed under All the same trend, CAC 100, DAX, EAFA, Emerging Markets, FTSE 100, world markets.

In the charts below, Emerging markets and the EAFE index are solidly above resistance.  Now by small margins the CAC-40, DAX and the FTSE-100 are pushing above key resistance.

In the post titled “Global All the same Trend” (See post here) I highlighted how the majority of the world markets were all facing resistance, at the same time. 

From a pattern perspective, it is a positive to see the international and U.S. major markets, all breaking resistance at the same time, even though it is by small margins so far.

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2 Comments

  1. cK October 13th, 2010 at 11:26 pm

    Chris,

    Are these the tickers for these?

    EWU = United Kingdom
    EWG = Germany
    EWQ = France

    Are there other ETFs for these? In the 9/30/10 post, EWQ was previously identified as breaking out.

  2. Lukasz October 14th, 2010 at 2:13 am

    Where USD may stop falling?