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.
