The Money Surge, otherwise known as the $700 billion bailout, is going to dominate the news and market in the days ahead. Obviously the deal or lack of one will be the catalyst behind the markets’ direction.

During our technical analysis of ETFs an emerging trend jumped off the charts. To us it looks like foreign ETFs have bottomed and might be set to outperform. Our readers should keep an eye on the following international iShares ETFs:

MSCI EAFE Value Index (EFV)
Australia (EWA)
Canada (EWC)
Italy (EWI)
Japan (EWJ)
Switzerland (EWL)
Spain (EWP)
Global (IOO)
S&P Global Financials (IXG)
S&P Global Consumer Staples (KXI)

As has been our theme recently in our weekly ETF Screener, value stocks continue to exhibit healthier charts than their growth counterparts. Investors can take advantage of this trend in the Russell 1000 Value Index (IWD) and the Russell 3000 (IWW).

Sectors we would avoid include utilities (IDV), network (IGN), software (IGV), Latin America (ILF), aerospace (ITA), industrials (IYJ) and telecom (IYZ).