![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_CdmcFxvQ6kqhZMJ9xoZSSTkToKksllkIF9CbitUiPIF_XeAzL8UmzzFcT4MPv9XKtoHZ-Rc4BLAVhmGtRXo1LQ-vBLR7V0IHaClLdQUVKVRlJ10fMZq1jdox2_o_7zLGZOPdNQ/s400/EEM071509.gif)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEo7xgTmDFH0bFTLMgNxfcpQ0eVk0CKhtFc7HL9AvaaCv9mX6aAA3EbedcL_s3PRmc-o-PyBb2BlkKwCij42wYrAoJ2o1IXGcYhlt3-0BAdwgzAk0zb_7XfkQobDg7G97FUgye4w/s400/EFA071509.gif)
Here we can see the same pattern in the international stock indexes as in the U.S.: shares holding their May lows and now rebounding into the May/June trading range. Emerging market stocks (EEM; top chart) have shown impressive support in the 30 area; shares from Europe, the Far East, and Australasia (EFA; bottom chart) have held well above 43. On a relative basis, FXI (China; not shown) looks quite strong; RSX (Russia; not shown) is still well off its highs.
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