At this current price juncture, it will be important for us to see EFA maintain momentum above its 200 day moving average for any signs of continued strength as we head into the latter part of 2012.
Similarly, those playing EAFE from the “long” side who are short term oriented and/or comfortable using leverage for quick directional moves may consider ProShares Ultra MSCI EAFE (NYSEArca: EFO) which delivers two times the daily leveraged returns to the MSCI EAFE index.
Additionally, a newer ETF to hit the landscape that has seen some impressive flows recently is iShares MSCI EAFE Minimum Volatility (NYSEArca: EFAV) which aims for lower beta and volatility than the actual MSCI EAFE benchmark.
iShares MSCI EAFE
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