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The table below reflects that India has been doing very well so far this year, as its up 26%. That puts it 22% above the S&P 500 this year and 24% better than EEM, a popular Emerging markets ETF.
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The top chart reflects that the strong rally has taken EPI to the top of a trading channel and momentum is reaching lofty levels, actually the highest in the past four years.
A breakout of this channel would be a big positive event for EPI should it happen. The top chart does reflect that EPI’s upside has been a little limited when momentum is at current levels over the past few years.
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