The New BRICs Test Support

11/18/2010 9:40 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

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One of the strongest global exchange traded funds (ETFs) since the 2009 lows has been the Market Vectors Indonesia (IDX) as it risen from a low of $20.85 to over $93 recently, but has now pulled back towards the 50-day moving average (MA) at $87. There is stronger support at $82 with the 200-day MA at $75. iShares MSCI Thailand (THD) has also been very strong as I discussed in September, but has corrected more sharply over the past week, dropping 10% from $68.70 to $62.21, closing below its 50-day MA. The breakout level is much lower in the $55 area. These ETFs are discussed in an interesting interview with Nicholas Vardy; to watch this interview click here.

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