State of World Markets via Country Fund ETF's

Many people consider the 200 day simple moving average ("SMA") to be a bull/bear line in the sand. Below the line, you've entered bear market territory. Above it, you can still claim bull market. The table below shows a collection of 34 ETF's that represent the world markets.  Currently, one-fifth are below their 200 SMA (some not by much though). Just one month ago, only one ETF was below its 200 SMA, Vietnam.  As country ETF's continue to drop below the 200 SMA, more opportunities may be on the short side versus long. Something to keep in mind.

Name	Ticker	Date	Close	Price vs.  200 SMA	1 Month Ago  Price vs.  200 SMA		1 Week Price  Change	1 Month Price  Change	YTD Price  Change
Switzerland	EWL	5/27/2011	27.98	12.4%	13.2%		2.3%	1.8%	11.6%
Sweden	EWD	5/27/2011	34.19	10.7%	16.8%		-0.8%	-4.2%	9.5%
South Korea	EWY	5/27/2011	64.89	9.8%	16.8%		1.0%	-5.1%	6.1%
Poland	EPOL	5/27/2011	37.16	9.0%	16.8%		0.7%	-6.0%	10.6%
Indonesia	EIDO	5/27/2011	31.51	8.8%	10.1%		-1.4%	0.7%	8.3%
Germany	EWG	5/27/2011	26.3	7.7%	17.6%		-0.4%	-8.2%	9.9%
France	EWQ	5/27/2011	27.24	7.2%	14.2%		0.0%	-5.5%	11.4%
United States	SPY	5/27/2011	133.51	6.7%	10.3%		-0.1%	-1.9%	6.2%
Belgium	EWK	5/27/2011	14.55	6.6%	14.1%		-1.2%	-6.1%	10.8%
Ireland	EIRL	5/27/2011	22.43	6.6%	9.2%		-0.6%	-1.7%	11.3%
Thailand	THD	5/27/2011	67.62	6.3%	13.5%		0.3%	-4.7%	4.7%
Canada	EWC	5/27/2011	32.58	5.9%	11.0%		0.7%	-3.4%	5.1%
United Kingdom	EWU	5/27/2011	18.45	5.9%	10.5%		1.2%	-3.2%	6.2%
Australia	EWA	5/27/2011	26.54	5.8%	13.8%		-0.3%	-6.4%	4.3%
Austria	EWO	5/27/2011	22.65	5.3%	13.8%		0.9%	-6.6%	1.4%
Mexico	EWW	5/27/2011	62.13	5.3%	9.2%		1.8%	-2.3%	0.3%
Malaysia (Free)	EWM	5/27/2011	14.94	5.2%	7.4%		1.2%	-0.4%	3.9%
Taiwan	EWT	5/27/2011	15.31	5.2%	10.3%		-0.2%	-3.2%	-2.0%
Netherlands	EWN	5/27/2011	22.18	4.3%	11.9%		-0.4%	-6.3%	5.2%
Chile	ECH	5/27/2011	76.65	4.0%	6.5%		0.2%	-0.7%	-3.7%
Singapore	EWS	5/27/2011	14.02	3.6%	7.5%		-0.1%	-2.6%	1.2%
Italy	EWI	5/27/2011	18.09	3.4%	14.1%		-0.1%	-9.7%	10.4%
Russia	RSX	5/27/2011	38.14	3.2%	11.3%		3.3%	-6.6%	0.6%
South Africa	EZA	5/27/2011	70.85	3.0%	10.9%		1.1%	-6.6%	-5.1%
Spain	EWP	5/27/2011	41.71	2.7%	11.7%		1.3%	-8.5%	13.5%
FTSE China 25	FXI	5/27/2011	44.18	1.4%	4.4%		0.4%	-2.3%	2.5%
Hong Kong	EWH	5/27/2011	18.97	1.4%	4.9%		-0.7%	-1.8%	0.3%
Vectors Africa	AFK	5/27/2011	32.89	-0.6%	3.5%		0.2%	-3.3%	-6.5%
Brazil	EWZ	5/27/2011	74.34	-0.9%	3.0%		3.4%	-3.3%	-4.0%
Israel Capped	EIS	5/27/2011	55.84	-1.7%	4.9%		-2.2%	-5.1%	-7.7%
Gulf States	MES	5/27/2011	22.1	-2.2%	4.4%		-1.7%	-5.0%	-7.2%
Japan	EWJ	5/27/2011	10.09	-3.3%	1.6%		0.8%	-4.0%	-7.5%
Turkey	TUR	5/27/2011	59.78	-11.1%	4.7%		-2.5%	-13.7%	-9.7%
Vietnam	VNM	5/27/2011	20.57	-20.8%	-5.8%		-1.5%	-13.4%	-21.4%