Its very easy to read research papers from Wall Street firms or hear money managers on CNBC tout that the real growth story continues to lie in the “Emerging Markets” arena. They may be correct in the longer-term, yet the Power of the Pattern reflected that bearish rising wedges were taking place all around the world [...]
CLICK ON CHART TO ENLARGE Emerging Markets/BRIC ETF’s continue to create a series of lower highs and of late are acting pretty tired (reflecting relative weaknesss) compared to the broad markets in the states. Keep eye on Emerging Markets to see if they turn into “Falling BRIC’s” and impact the broad markets/S&P 500!
Emerging Market ETF’s are “Sub-Merging” of late, as key support is breaking! CLICK ON CHART TO ENLARGE Is this price action a tip-off to what the results of the “Shanghai Flag” pattern will take? (see post here). Game Plan…In the post just mentioned, aggressive investors were to buy FXP …up against resistance!
CLICK ON CHART TO ENLARGE BRIC ETF’s are doing well of late. Good to see several ETF’s in the arena acting well! The “Power of the Pattern” suggested we could find relative performance strength in this area and so far the price action and performance has been good! Game Plan…Own Thailand (THD) with a 5% [...]
I have stayed away from the Emerging markets for months, due to poor looking chart patterns. Now some interesting patterns are starting to “emerge!” CLICK ON CHART TO ENLARGE The two most interesting patterns above are Thailand (THD) and India (EPI)! Game Plan….Am looking to buy both of them on resistance breakouts!
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