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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. is a market research tool that was developed by Gabe for tracking the sector... More
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ETFnext: Sector Rotation
  • Top 3 Country ETFs: Investment Opportunities In The Gulf States, Turkey And Brazil 0 comments
    May 3, 2014 11:41 AM | about stocks: MES, TUR, EWZ

    Country ETFs provide a great way to diversify the equity portion of your portfolio. Right now, three country ETFs stand out based on their chart patterns as top choices.

    The first is the Market Vectors Gulf States ETF (NYSEARCA:MES), which has been one of the best performers in 2014 (see previous article for more information):

    The two other ETFs, the iShares MSCI Turkey (NYSEARCA:TUR) and the iShares Brazil (NYSEARCA:EWZ) funds are at an earlier stage of a potentially long-term bullish trend. The chart patterns show that both TUR and EWZ broke out to new highs recently, which can provide an excellent entry opportunity for trades:

    Technical analysis screen is provided by

    Disclosure: I am long MES, EWZ.

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