Stock Market Wipe-Out: Dave's Daily

EFA & IEV: These are at the epicenter of troubles. Support seems clear to me.

 

 

 

EEM: EM's suffer worse than others given commodity orientation but this week they were relatively better.

 

EWJ: Japan is suffering politically but it's been a common occurrence there the past few years. But now we've broken initial support levels and head into a new trading range.

 

EWY: At the G-20 Geithner made his first credible comment ever: "...don't expect the American consumer to bail you out." He must know something of the consumers' real condition.

 

EWA & EWC: Australia and Canada are in good shape overall.  But the former suffers from dependence on China while the latter just worries about big brother below.

 

EWZ: Another commodity market oriented market suffering from lower base metals prices in particular.

 

RSX: Commodity market right at support.

 

 

 

EPI: India markets seem relatively tranquil.

 

 

FXI: While Shanghai markets are in bear markets no one's seems to have told international investors about this yet.

Continue to Concluding Remarks