This Makes 4!

All week, I've been highlighting the foreign markets breaking out to new 52-week highs. One of the biggest is the Chinese market ($SSEC) pushing above 3587 to start 2021. A country with 1.2 billion people is soaring to new multi-year highs to start the year.

However, this chart improves when we move out a few years. This is a very significant level historically. If China can move significantly higher this year and leave this large zone behind, it is very bullish. That is what I am watching for in 2021 on this chart.

Korea ($KOSPI) has also soared to start the year. The index had broken out, but already added another 10% for the year.

To add another chart to the pile of higher highs to start the year, we can add the Japanese Nikkei ($NIKK) and Bombay Stock Exchange ($BSE).

The bottom line is four continents are breaking out to new highs. While we can have a few wiggles, the breadth of the market and the global push all look to be helpful.