Most of the International markets are range bound and fails to break their earlier top except Nikkei. If we look international markets from 2 years perspective then it is easily understood that most of the markets are stalled due to uncertain economic conditions.
Although if we see the charts for long term view then the performance the markets can be ascertained.
Since Coppock is the long term indicator to understand whether the market is in bull or bear region. Therefore it can be watched that Indian and Chinese markets are performing well than other international markets.
In US markets, NASDAQ is performing better than DOW because NASDAQ has just entered into the bull region.
In European markets, FTSC has broken the trend line and both of them are moving sideways for last two months. I think pressure on European market will continue just because of US markets only. DAX is performing better than FTSC.
In Asian markets, Hangseng(China) is performing well than Nikkei(Japan). Japan is facing pressure because of their economic conditions.
I am very much doubtful about first quarter of 2010 and expect 20 – 25% normal correction in the international markets. Investors may depend on China and India for their investment during this period because of best performance of Indian Markets among other International Markets.
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