Gavekal Capital: Relative Strength for European Countries

Wednesday, November 20, 2013

Relative Strength for European Countries

In addition to looking at individual companies in the relative strength point-and-figure methodology, we also have the ability to look at aggregates such as the MSCI World country indices.
A quick look at the European countries reveals a disparate bunch.
Some are in significant downtrends that will take quite some time to repair:

While some are closer to challenging historical downtrends:

And then there are those that are stuck in trading ranges:

The countries that have been in uptrends seem to be encountering resistance:

The only country that appears to be in a more constructive configuration is Germany:

About Gavekal Capital

Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
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