Gavekal Capital: Technical Checkup Of MSCI World Regions

Wednesday, June 11, 2014

Technical Checkup Of MSCI World Regions

There are many ways to measure the intensity of moves in the equity market. One method we use is to measure the net percent of stocks up over a certain time period. So, for example we would measure the percent of stocks in the MSCI Europe index with positive performance over the last 200 days (83.4%) and subtract the percent of stocks down over the last 200 days (16.6%) to arrive at the net percent of stocks up over the last 200 days (66.8%).

By this measure, Europe (66.8%) is the most extended technically, with North America (52.4%) second and Asia-Pacific (2%) a distant third.

Europe

North America

Asia-Pacific

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