Closelook rankings · Country Flow
The strongest country markets, ranked
Every country market (via its US-listed ETF) we cover, ranked by tonight's Directional Flow trend score — the steadiest, strongest price trends first.
Every night, our Directional Flow engine gives each country market (via its US-listed ETF) a trend score. The higher the score, the steadier and stronger the price trend. This page ranks every country market (via its US-listed ETF) we cover, strongest first — so the weak end of the table is always visible too.
Scan of 2026-09-07 · 37 countrys covered · Directional Flow is Closelook's own trend engine — what the score measures · the stock ranking runs on the same nightly scan.
How the top scores got here
The Directional Flow score of today's top 5, over the last 90 trading days. Same math as the DF oscillator on every chart.
| # | Country | Score | Score path | Score | 5d | 21d | 63d | Trend right now |
|---|---|---|---|---|---|---|---|---|
| 1 | South Korea EWY | 90 | 90 | -3.9 | -17.6 | -35.2 | rising, but slowing | |
| 2 | Taiwan EWT | 79 | 79 | +0.0 | -0.5 | +10.2 | flat | |
| 3 | Austria EWO | 38 | 38 | -0.3 | -0.2 | +1.1 | flat | |
| 4 | Asia Pacific VPL | 33 | 33 | -0.7 | -3.0 | -8.4 | rising, but slowing | |
| 5 | EM (iShares) EEM | 28 | 28 | -0.7 | -3.3 | -8.4 | rising, but slowing | |
| 6 | Netherlands EWN | 27 | 27 | -0.7 | -0.7 | +0.1 | flat | |
| 7 | Thailand THD | 26 | 26 | -1.2 | -3.5 | -9.6 | rising, but slowing | |
| 8 | Singapore EWS | 26 | 26 | +1.9 | +8.9 | +16.1 | getting stronger | |
| 9 | Spain EWP | 25 | 25 | -0.0 | +1.2 | -1.2 | flat | |
| 10 | Italy EWI | 24 | 24 | -0.2 | +1.4 | +3.2 | flat | |
| 11 | Japan EWJ | 22 | 22 | -0.1 | +0.1 | -3.1 | flat | |
| 12 | Belgium EWK | 16 | 16 | -0.0 | -0.7 | -3.7 | flat | |
| 13 | Israel EIS | 16 | 16 | -1.7 | -8.5 | -31.9 | rising, but slowing | |
| 14 | EAFE EFA | 16 | 16 | -0.1 | +0.4 | -3.2 | flat | |
| 15 | EM VWO | 15 | 15 | +0.0 | -0.3 | -4.1 | flat | |
| 16 | Europe VGK | 15 | 15 | -0.2 | +0.7 | -2.0 | flat | |
| 17 | Australia EWA | 14 | 14 | +0.1 | +0.7 | -4.4 | flat | |
| 18 | UK EWU | 13 | 13 | -0.4 | -0.9 | -8.2 | flat | |
| 19 | Latin America ILF | 13 | 13 | -1.1 | -8.5 | -30.6 | rising, but slowing | |
| 20 | Turkey TUR | 13 | 13 | -1.5 | -5.4 | -20.0 | rising, but slowing | |
| 21 | Mexico EWW | 12 | 12 | -1.3 | -6.0 | -21.5 | rising, but slowing | |
| 22 | Switzerland EWL | 11 | 11 | -0.5 | -1.0 | -4.2 | flat | |
| 23 | Argentina ARGT | 9 | 9 | -0.6 | -5.3 | -12.0 | rising, but slowing | |
| 24 | Brazil EWZ | 8 | 8 | -0.8 | -9.8 | -36.3 | rising, but slowing | |
| 25 | Sweden EWD | 8 | 8 | -0.1 | +0.5 | -8.6 | flat | |
| 26 | New Zealand ENZL | 6 | 6 | +0.9 | +4.5 | +7.9 | getting stronger | |
| 27 | France EWQ | 5 | 5 | -0.3 | +1.1 | -0.8 | flat | |
| 28 | Germany EWG | 4 | 4 | +0.6 | +3.8 | +2.1 | getting stronger | |
| 29 | Malaysia EWM | 4 | 4 | -1.1 | -4.1 | -21.1 | rising, but slowing | |
| 30 | Chile ECH | 3 | 3 | -1.3 | -5.9 | -28.7 | rising, but slowing | |
| 31 | Hong Kong EWH | 2 | 2 | -0.4 | -2.1 | -18.4 | rising, but slowing | |
| 32 | Saudi Arabia KSA | -1 | -1 | +0.3 | +0.8 | -4.5 | flat | |
| 33 | Philippines EPHE | -2 | -2 | -0.9 | -0.5 | +1.5 | flat | |
| 34 | South Africa EZA | -3 | -3 | +0.2 | -0.7 | -29.7 | flat | |
| 35 | India INDA | -11 | -11 | +0.9 | +3.7 | +6.8 | turning up | |
| 36 | China MCHI | -20 | -20 | +0.6 | +2.9 | -6.7 | turning up | |
| 37 | Indonesia EIDO | -63 | -63 | +1.5 | +2.4 | -24.2 | turning up |
Score = trend quality; higher is steadier and stronger. The 5d / 21d / 63d columns show how much the score changed over about one week, one month and one quarter. The full list is shown — both the strong and the weak end.
Go deeper
- Click any row for its full page — chart, performance and signals in one place.
- The Directional Flow stock ranking runs the same engine over single stocks — the strongest individual trends in our coverage.
- The daily archive keeps every night's full country flow ranking — how it looked on any past day.
- The Directional Flow signals page reads the same daily scan the other way round — heat columns, early warnings and what the whole tape is doing.
- Factor Regime shows whether the market is currently rewarding strong trends at all.
FAQ
What is the Directional Flow score?
A number we compute every night. It measures how steady and reliable a price trend is — most scores sit below 100, and only exceptional trends go far above it. A high score means prices have been moving in one clear direction, in an orderly way. It grades the quality of a move, not just its size.
How can a country have a trend score?
We measure the score on the US-listed ETF that tracks it. That means the score reflects what a US-dollar investor actually experiences — for foreign markets, that includes the currency move as well as the local market.
How often is this ranking updated?
Our engine runs after every US market close. This page is rebuilt every morning with the fresh ranking, and it always shows the date of the scan it was built from.
Is this investment advice?
No. Closelook publishes an investment research diary, not investment advice. The ranking describes what our engine measures in past prices. Past performance may not be an indication of future performance.
Closelook publishes an investment research diary, not investment advice. Past performance may not be an indication of future performance.