The  S&P 500 Index (IVV) has been on a stellar run this year, gaining just over 20% in a little over 9 months while also reaching new all-time highs in the beginning of August. After a 4% drop in last month’s market action, the market has broken above its 50-day moving average and now looks likely to test its all-time high level at 1710, after news of the brokered US-Russian peace deal in Syria.

The Latin American market ((ILF)), lagging technically since mid-May, is in the process of forming a bottom at the 34 level. Since the beginning of the year, the index has formed an ugly downtrend line, breaking its 50-day and 200-day MA in May before the bottom fell fell off. Given the volatile nature of the commodity markets as of late, and the fact that this region’s economy is uber-dependent on the various commodities, this bearish move down was expected. But things have turned around sooner than most thought, breaking through its 50-day MA on its way to resistance at the 200. The index has recorded a -12.03% loss so far this year.

The EMU Index ((EZU)), or the European Economic and Monetary Union, broke out to the upside following a volatile first part of the year. The index has significantly outperformed its US counterpart in the last month, but now must hold the 36 level for it to hold these gains. If it does, expect it to break out to new multi-year highs. The index is up 12.87% for all of 2013.

The Middle East ((GULF)) continues to prosper and supersede expectations, despite tensions throughout the region. You would think the markets in the Middle East would be at the very least shaken with all that is transpiring in Eygpt and Syria, but nothing seems to tire this market, as the world’s insatiable demand for crude has created a floor for which any downward movement quickly diminishes and reverses, even as the commodity markets corrected. The index is up 21.93% YTD.

After a stellar run into the 30s, Africa’s market ((AFK)) has staggered and formed a downtrend line since the beginning of the year. Continued upheaval in Egypt and surrounding Arab states has managed to put a clamp on Africa’s run. It has made a run up in the last couple of months, but would need to break resistance at the 200-day to prove itself more than just a dead cat bounce. Africa is down for the year, losing 6.03%.

A weakened Chinese economy and constant threats from North Korea have finally taken their toll, as the Pacific x-Japan index ((EPP)) fell off a cliff since the beginning of May. It managed to break both moving averages and major support at the 48 level all in the span of a month. It looks likely that the bottom is in though, as an uptrend line has developed since July. In the process of forming a bottom, the index has broken both moving averages on its way up, and now looks to break resistance at the 47.50 level. It’s up 1.94% YTD.

Japan ((EWJ)) was one of the worst performing markets in 2012 before a monstrous run took hold beginning in mid-November, fueled by the BOJ and its continued efforts to devalue the Yen. That all came crashing down in mid-May though, as the index lost over 15%  in a little over 2 weeks. While it has bounced up some since, the index has been waffling around and now finds itself just above its 50-day MA again. Japan is up 19.48% for all of 2013.