Yesterday I suggested to pick up EEM (see post here) due to the situation in the U.S. Dollar. Was looking for “relative outperformance” by owning this position.
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As I shared in the chart above, the ascending triangle leads to higher prices around two-thirds of the time. I am looking for outperformance in this ETF, compared to the U.S. major market etfs. Should the “ascending triangle” break to the upside, EEM could do fairly well for investors.
Game Plan…Continue to own EEM, now with a 4% trailing stop.