Suggested to jump on the Emerging markets breakout (9/13) in the “Early Bird” posting (see post) . The breaking of the neckline in the Dollar is a positive sign that Emerging and International markets should continue higher and see relative strength compared to the U.S. Indexes.
Decent gains in the EEM position…Stop was the resistance line, change that to a 4% trailing now!
No, it just broke out this last week from a falling resistance line that is a couple of years old.
Is it too late to buy eem? Is there still a lot of upside?
Hi Chris, so should I dump my epv and fxp given this and the market today? Not sure if the merging and European markets broke resistance today but these took a heavy hit. Seems like the trend will continue with the dollar declining. Thanks ck