The  S&P 500 Index (IVV) has been on a stellar run this year, gaining just under 30% in a little over 11 months while also reaching new all-time highs last week. After losing ground for five straight days, the index managed to hold support at the 1780 level, and got back much of those losses on Friday. The S&P 500 is up 29.02% YTD.

The Latin American market ((ILF)), lagging technically since mid-May, is close to breaking down once again, breaking both moving averages within the last few weeks. If the index doesn’t hold these levels, the 34.70 level comes into play. Given the bearish nature of the commodity markets as of late, and the fact that this region’s economy is uber-dependent on the various commodities, this move down was very likely. The index has recorded a -13.72% 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 had significantly outperformed its US counterpart in the past few months, but has staggered  and receded at a slightly faster pace than the US in these past couple of weeks. It does sit above support though. The index is up 21.07% for all of 2013.

The Middle East ((GULF)) continues to defy the odds, despite tensions throughout the region and a weak commodities market. It broke out of its trading range at the 18.50 level, and now seems poised to continue riding higher. The index is up 33.66% YTD.

After a stellar run into the 30s, Africa’s market ((AFK)) literally fell off the face of the Earth in June, dropping over 16% in less than a month. Continued upheaval in Egypt, Mali, and surrounding Arab states had managed to put a clamp on Africa’s run. But since June Africa has formed a nice uptrend line, breaking through both moving averages on its way to pre-June highs. Africa is only down slightly for the year, losing 1.34%.

The Chinese economy, along with the Indian and Southeast Asian economies, have been trending down of late, as the Pacific x-Japan index ((EPP)) broke under the 50-day moving average on its way to support at the 200. The index risks breaking down if it doesn’t hold this level. The index is up only 2.68% 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. If it manages to break the 12-12.15 level, the index could be in for a nice run up. Japan is up 22.98% for all of 2013.