Today's ranking, shown in the table below, provides a value-oriented and objective framework that assists this advisor in making decisions regarding overweighting and underweighting specific countries and regions in the Covered Calls Advisor's Portfolio.
From the chart above, the resulting overall market ratings for individual countries and regions are:
Very Bullish (Above 28 total points) -- None
Bullish (22-28 points) -- South Korea and China
Slightly Bullish (17-22 points) -- Russia, Singapore, Asia ex Japan, Hong Kong, Taiwan, Malaysia, Emerging Markets, and Netherlands
Neutral (12-17 points) -- Germany, Switzerland, Sweden, India, Australia, Europe, and Spain
Slightly Bearish (8-12 points) --Canada, France, United Kingdom, and USA
Bearish (2-8 points) -- Italy, Mexico, South Africa, Brazil, and Japan
Very Bearish (below 2 points) -- None
These results will be considered when making future investments in the Covered Calls Advisor Portfolio. Investments in more highly rated countries/regions will be overweighted relative to lower rated ones. It should also be noted that the U.S. is currently ranked only 21st of the 26 countries/regions and the overall rating for the U.S. is Slightly Bearish [Note: this is the same rating for the U.S. as was determined from this advisor's most recent Overall Market Meter analysis (see right sidebar)].
This Country Value Rankings spreadsheet is detailed in terms of both the methodology used and the resources used to capture the information for each country. Your questions/comments are always welcomed. If you would like further information or clarification, please email me (at the address in the top right sidebar of this blog).
Hopefully, this information is helpful in your thinking and analysis of your own equities selection methods related to your Covered Calls investing process.
Regards and Godspeed,
Jeff
