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, QVM Group (183 clicks)
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There were some substantial price moves today for many country and region funds. How do they look now relative to their 200-day simple moving averages?

The chart below shows the ratio of the price to the 200-day average, and the 100-day average to the 200-day average, for 35 country and region funds as of end-of-day August 17, 2009. (Click chart to enlarge.)

The ratios are color coded: green for > 1.10, yellow for < 1.10 > 0.90, and pink for < 0.90.

Not shown in the chart is the fact that all of the funds have some degree of upward sloping 200-day simple moving average, except for the U.S. which is flat, Italy with is flat with a hint of up, and GCC countries which are sloped down.

Approximately 1/3 of the funds have the price above their 25-day average, while 2/3 of the funds have the price at or below their 25-day average. Those where the price is below the 25-day average are:

  • MSCI emerging markets index
  • BNY/Mellon frontier markets index
  • Canada
  • Germany
  • Hong Kong
  • Singapore
  • China
  • India
  • South Korea
  • Taiwan
  • Thailand
  • Indonesia
  • Russia
  • Chile
  • South Africa
  • Israel.

Disclosure: We have positions in several of the mentioned funds at most times.

Source: Trend Condition of Country Funds