Emerging Europe, Spain, Italy, France, Switzerland, United Kingdom, Sweden, Belgium, Austria, Germany

The different markets in Europe vary more than you might think. They vary in volatility, relativity and trading volume.

GUR is an ETF that represents the emerging markets of czech republic, poland, turkey,hungary and russia. It is in a really good trend right now but is touching a rising resistance line. It might just ease through that line and continue up much higher. It is not showing any fear at all yet.

EWP is an ETF for Spain. Spain looks pretty bad. It is nowhere near being in a solid trend for me but it would be interesting to watch if it ever gets above $52. Then it could move well.

EWI is an Italian ETF. Italy looks terrible! Probably the worst chart i have seen in all the world, literally. Good luck to anyone who is long Italia.

EWQ is a French ETF that i could trade. France looks like it just needs one good pop up and then it could turn into a nice trend. Its chart looks very similar to Italy's but with a little more powerful buying.

EWL is an ETF for Switzerland. This country's stock market is already getting into its 2007 high's. Its been in a fairly strong trend but the future is iffy. It would be perfectly normal if Switzerland got real choppy this summer/fall. That is not good for trend following. EWU is an ETF for the United Kingdom. The UK is already having trouble with its current resistance level. Not too bad of a chart. Trends could open up here and there. I am using weekly charts for analyzing these countries. If price for the UK ETF gets up to $19, it could then have a month long uptrend to trade before it hits another resistance level. The uptrend would be about 4-6 bars on this weekly chart.

EWD is an ETF that tracks Sweden. It looks like Sweden is running into trouble and will probably be choppy for a while. Sweden is getting close to its 2008 highs and has already gained back its losses more than many other countries. Better look elsewhere for a long, solid uptrend. EWK is an ETF that tracks Belgium. Belgium has a fairly depressing chart. Kinda dead and quiet lately with price still below the 200 ema. If it ever makes it over the 200 ema than it has room to go.

I thought Austria and Germany make a good comparison. EWO is the Austrian ETF and EWG is the Germany ETF. Austria- where Arnold Schwarzeneggar is from. Germany - where people think Arnold Schwarzeneggar is from.

Austria is one big rise away from being free to trade up for a very good distance. The 2nd half of this year could turn out to be very good for the austrian stock market.

Germany reminds me of the American market since it has several resistance levels in the way. It might have a little unnecessary volatility.