| Region | ETFs | UP Trends | DOWN Trends | Regional Strength |
|---|---|---|---|---|
| Europe | EWG, EWQ, EWN, EWL, EWI, EWP, EWD, EWK, EWO | 5 | 4 | 55.6% |
| Asia Pacific | EWJ, EWY, KBA, EWA, EWH, EWS, EWM | 5 | 2 | 71.4% |
| Americas | EWC, EWZ | 2 | 0 | 100.0% |
| Broad Markets | EEM, EFA, EFAV | 3 | 0 | 100.0% |
| Total WSI | 21 ETFs | 15 | 6 | 71.4% |
WSI Interpretation: BULLISH — Fifteen of 21 global markets hold UP trends, reflecting broad-based international strength across developed and emerging markets.
Europe shows split positioning at 55.6% regional strength. Germany (EWG), Spain (EWP), Sweden (EWD), Belgium (EWK), and Austria (EWO) maintain UP trends, while France (EWQ), Netherlands (EWN), Switzerland (EWL), and Italy (EWI) have all shifted to DOWN trends in early September. Spain is the clear regional leader — EWP has run an uninterrupted UP trend since April 7, gaining 11.41%, the strongest return among European markets. Sweden (EWD, +1.97%) and Austria (EWO, +0.77%) are in early-stage UP trends initiated in late July and early August. The four DOWN signals are all recent, with France and the Netherlands rotating out as recently as September 1 and September 2, suggesting a near-term softening in western European core markets rather than a broad regional reversal.
Asia Pacific leads all regions with 71.4% strength and the widest concentration of high-returning markets in the global universe. Singapore (EWS) is the top performer globally, with a 13.97% advance since June 23, reflecting sustained momentum in Southeast Asian markets. South Korea (EWY) follows at +6.81% since August 13, maintaining its position as a primary regional signal leader. Japan (EWJ) holds a steady UP trend at +1.94% since August 6, and Australia (EWA) adds 2.85% since mid-July. Hong Kong (EWH) carries an UP trend signal but has given back 2.83% since August 21 — a divergence between signal and price that warrants monitoring. China A50 (KBA) and Malaysia (EWM) are the region’s two markets in DOWN trends, with KBA’s signal dated August 25 and EWM’s as recent as September 8.
The Americas and Broad Market categories show uniform strength, with all five ETFs in UP trends. Canada (EWC) has gained 3.85% since July 13, while Brazil (EWZ) holds an UP short-term trend with a 5.66% gain since August 31 despite carrying a long-term BEAR signal — a relief rally in an otherwise challenged market. Across the broad international benchmarks, emerging markets (EEM, +4.66% since August 11) are outperforming developed ex-US markets (EFA, +0.93% since July 31), with minimum-volatility EFAV also posting a solid 4.67% gain since July 9 — an indication that the international advance has broadened beyond purely cyclical positioning into more defensive corners of the global market.