The following Exchange Traded Funds (ETFs) are showing the greatest strength based on price action, within the Country ETF category. As you can see, they reflect the stronger economies of South America and Southeast Asia.
Chile
iShares MSCI Chile Index Fund ETF (ECH): Broke out last week from a 6-month Cup w/Handle basing pattern and now moving into new high territory.Columbia
Global X InterBolsa FTSE Columbia 20 ETF (GXG): The strongest pattern is seen in GXG. GXG broke out of an 8-month basing pattern six weeks ago and closed Friday up 13% from its break out, and closing near the high of the week.Indonesia
Market Vectors Indonesia Index (IDX): Moved into new high territory last week closing near the high of the week. Its base was a bit more volatile than some of the other ETFs mentioned here, but so far indicating further moves higher are to come.Malaysia
iShares MSCI Malaysia Index Fund ETF (EWM): Closed Friday at $12.04, only $0.13, 1.1% from its high several months ago. Last Friday price moved out of an Ascending Triangle but closed at resistance of the top of the triangle. Another move through could see EWM moving to new highs soon.Thailand
iShares MSCI Thailand Investable Market Index Fund ETF (THD): Last week broke out of a 3-month Symmetrical Triangle formation, which consolidated above support of a previous 5-month base.Disclosure: No current positions