Great start for the day for EEM (+1.56% so far). Looks like the blue support line is doing its job. Will give it several more days for it to prove itself.
EEM and dollar mostly go different directions, meaning a stronger dollar coincides with a weaker EEM (and vice versa). So where dollar is heading from this point will have impact on EEM.
Some time after the original chart was posted by timwest: CCI shows a diveregence now with this pair, and, although a gut feeling - something tells me that chances are we may see a trend change in future, and EEM will outperform the US market. Another thing to add to this is also timwest's chart (one can never praise this chartist enough on the site) - the...
POTENTIAL LONG POSITION WITH BIG PROFITS
FXI/EEM ration still stuck in a range. But there is a bullish 3MA and 5 MA cross over, ratio is above 10 month MA, RSI appears to have formed an up channel. We will see if it can break the upper range in the coming months.
Global 100 index shares of largest companies at 2,618 off of 2012 lows and 3.14 pi time this coming week, if we connect the two lower closings of 2011. At the top of the 3 year up trending channel again, where price has been rejected 5 times so far. Cheers, Panos
The correlation between SLV and BRF is more prominent that with GLD. Nonetheless the relationship between these asset classes are quite distinctive. long BRF, LBJ, ILF