There’s real strength showing up abroad—and it’s not some new development. Just more of the same.
Today, my country ETF scan was on fire, showing bullish setups across the globe.
I continue to see leadership out of Europe, Asia, Latin America—even Africa. Many of these charts are in relentless uptrends and holding strong.
And participation just keeps expanding as the good ones seem to drag the laggards higher with them over time.
But the one that caught my eye today was Israel.
Israel isn’t your typical emerging market story. Unlike many other countries, it’s not driven by commodities or heavy industry. Instead, it is built on software, cybersecurity, and innovation.
Israel is one of the world’s leading tech hubs—and now, that story is showing up loud and clear in price.
The MSCI Israel ETF $EIS is breaking out of a multi-year base to new all-time highs.
Buyers have finally absorbed all the overhead supply at the upper bounds of this range.
As long as EIS holds above the 2021 highs, the path of least resistance remains higher.
The stage is set for a new leg up for Israeli stocks.
The team at ASC just did a full deep-dive report on Israel—along with trade ideas to take advantage of this strength.
