Closelook rankings · Country Flow
The country trend scores rising fastest
The country markets whose trend score climbed the most over the last 21 trading days — where rotation shows up first. The bottom of the table shows the fastest-falling scores.
These are not the highest scores — they are the fastest-rising ones over the last 21 trading days. A rising score means the trend is getting stronger. Rotation between country markets tends to show up here before it shows up in the level ranking.
Scan of 2026-09-14 · 37 countrys covered · Directional Flow is Closelook's own trend engine — what the score measures · the stock ranking runs on the same nightly scan.
| # | Country | 21-day change | Score path | Score | 5d | 21d | 63d | Trend right now |
|---|---|---|---|---|---|---|---|---|
| 1 | Singapore EWS | +8.0 | 27 | +1.4 | +8.0 | +18.3 | getting stronger | |
| 2 | Indonesia EIDO | +4.1 | -62 | +1.7 | +4.1 | -16.0 | turning up | |
| 3 | New Zealand ENZL | +3.5 | 6 | -0.0 | +3.5 | +7.9 | getting stronger | |
| 4 | India INDA | +3.1 | -10 | +0.4 | +3.1 | +7.7 | turning up | |
| 5 | Germany EWG | +2.9 | 4 | +0.1 | +2.9 | +2.8 | getting stronger | |
| 6 | China MCHI | +2.3 | -20 | +0.2 | +2.3 | -4.6 | turning up | |
| 7 | Saudi Arabia KSA | +1.2 | -1 | +0.1 | +1.2 | -4.1 | flat | |
| 8 | Spain EWP | +0.3 | 24 | -0.3 | +0.3 | -0.3 | flat | |
| 9 | Italy EWI | +0.1 | 23 | -0.5 | +0.1 | +2.8 | flat | |
| 10 | South Africa EZA | +0.1 | -3 | +0.0 | +0.1 | -25.3 | flat | |
| 11 | Sweden EWD | -0.1 | 8 | -0.5 | -0.1 | -7.5 | flat | |
| 12 | Australia EWA | -0.2 | 14 | -0.5 | -0.2 | -4.0 | flat | |
| 13 | Japan EWJ | -0.3 | 22 | +0.1 | -0.3 | -2.5 | flat | |
| 14 | Europe VGK | -0.3 | 14 | -0.6 | -0.3 | -2.0 | flat | |
| 15 | EAFE EFA | -0.3 | 15 | -0.4 | -0.3 | -2.9 | flat | |
| 16 | France EWQ | -0.4 | 4 | -0.7 | -0.4 | -0.9 | flat | |
| 17 | EM VWO | -0.5 | 15 | -0.2 | -0.5 | -3.8 | flat | |
| 18 | Belgium EWK | -0.8 | 15 | -0.6 | -0.8 | -4.3 | flat | |
| 19 | Taiwan EWT | -0.9 | 79 | -0.3 | -0.9 | +6.8 | flat | |
| 20 | Austria EWO | -0.9 | 37 | -0.4 | -0.9 | +1.1 | flat | |
| 21 | UK EWU | -1.4 | 13 | -0.6 | -1.4 | -7.5 | flat | |
| 22 | Netherlands EWN | -1.7 | 27 | -0.8 | -1.7 | -1.4 | flat | |
| 23 | Hong Kong EWH | -1.9 | 2 | -0.6 | -1.9 | -15.9 | flat | |
| 24 | Philippines EPHE | -2.0 | -3 | -0.8 | -2.0 | +1.4 | getting weaker | |
| 25 | Switzerland EWL | -2.3 | 9 | -1.4 | -2.3 | -4.7 | rising, but slowing | |
| 26 | Asia Pacific VPL | -3.0 | 32 | -0.6 | -3.0 | -8.9 | rising, but slowing | |
| 27 | EM (iShares) EEM | -3.0 | 28 | -0.7 | -3.0 | -9.1 | rising, but slowing | |
| 28 | Thailand THD | -3.5 | 26 | -0.7 | -3.5 | -9.7 | rising, but slowing | |
| 29 | Malaysia EWM | -4.1 | 2 | -1.2 | -4.1 | -19.6 | rising, but slowing | |
| 30 | Argentina ARGT | -4.5 | 9 | -0.7 | -4.5 | -12.5 | rising, but slowing | |
| 31 | Turkey TUR | -4.7 | 12 | -1.0 | -4.7 | -18.7 | rising, but slowing | |
| 32 | Chile ECH | -5.8 | 1 | -1.7 | -5.8 | -26.9 | rising, but slowing | |
| 33 | Mexico EWW | -6.0 | 10 | -1.5 | -6.0 | -20.7 | rising, but slowing | |
| 34 | Latin America ILF | -6.8 | 12 | -0.8 | -6.8 | -28.0 | rising, but slowing | |
| 35 | Brazil EWZ | -6.9 | 8 | -0.3 | -6.9 | -32.2 | rising, but slowing | |
| 36 | Israel EIS | -8.0 | 14 | -1.7 | -8.0 | -31.6 | rising, but slowing | |
| 37 | South Korea EWY | -16.3 | 87 | -3.5 | -16.3 | -40.0 | rising, but slowing |
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.