RobW25

Which ETF Markets Benefitted Most From Last Week's Global Rally?

Over 86% of Italy's traded shares are owned at levels significantly above today's S&P MIB close of 19129. Over 47% of shares are owned at levels between 19798 and 20368, indicating that this could mark a resistance level for Italian Stocks.

13.69% Between 18659 & 19228.7
13.91% Between 19228.7 & 19798.3
47.31% Between 19798.3 & 20368
11.35% Between 20368 & 20937.7
13.74% Between 21507.3 & 22077


Italy MOB Index 20 Day Ownership Levels
www.mobindex.com/quote...

Bespoke's International Snapshot (11/20/8)

I believe that some of the Asian markets like Singapore will have a hard time breaking out of this current down trend. Over the past 20 trading periods a full 60% of the volume in Singapore stocks were purchased above the current Singapore Straits Times Index (^STI) level of 1732.

Singapore MOB Index 20 Day Ownership Levels
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12.09% Between 1613.95 & 1659.12
13.31% Between 1659.13 & 1704.3
14.33% Between 1704.31 & 1749.47
15.64% Between 1749.48 & 1794.65
19.64% Between 1794.66 & 1839.83
24.99% Between 1839.84 & 1885.01

www.mobindex.com/quote...
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These ownership levels may form a resistance point preventing the Straits Times Index from moving above 1800.