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Gabe Varga
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Gabe Varga, CMT, is the founder and president of Axiomix, Inc., an investment research firm that provides technical analysis and algorithmic asset allocation models for mutual fund and ETF investors. ETFnext.com is a market research tool that was developed by Gabe for tracking the sector rotation... More
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Axiomix, Inc.
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ETFnext: Sector Rotation
  • The Top 3 Country ETFs May Surprise You 0 comments
    Mar 20, 2014 11:55 PM | about stocks: EGPT, VNM, MES

    Few international investments could match the performance of U.S. equity sector ETFs in the last 52-week period. But as the market continues to change, are there any new opportunities for diversification? We performed a technical screen on more than 50 country ETFs to uncover the top performers.

    Surprisingly, the top country ETF right now is the Market Vectors Egypt Index ETF (NYSEARCA:EGPT). EGPT has enjoyed an almost uninterrupted bull market since last September and it may be the best to wait for a correction before considering a new position.

    The second best performer is the Market Vectors Vietnam ETF (NYSEARCA:VNM). The chart of VNM shows a chart formation with decreasing volume. A breakout or breakdown from the triangle could create a trading opportunity for traders who can catch a potentially rapid move.

    The third ETF, the Market Vectors Gulf States ETF (NYSEARCA:MES) is perhaps the most easy to trade. The chart shows that MES broke out from a flat consolidation pattern last September and has just initiated its third upleg:

    Technical screen is provided by ETFnext.com.

    Stocks: EGPT, VNM, MES
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