One of the noteworthy developments in recent days has been the move in emerging markets. The group, one of the strongest of 2017, has seen a dramatic reversal this year amid growing global political uncertainty and currency headwinds. After a strong run of outperformance that saw the iShares MSCI Emerging Markets ETF (EEM) soared more than 34 percent in 2017, the ETF fell 1.1 percent last week, down 6.2 percent YTD. Now the question is whether the recent selloff is a pause that refreshes or it’s a beginning of something worse? Below is an update look at a trade in EEM.
The graphic below is from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges. As shown, the underlying is in a short-term bullish trend when the price bars are painted in green. The underlying is in a short-term bearish trend when the price bars are painted in red.
Chart 1.1 – iShares MSCI Emerging Markets ETF (weekly)
Our “U.S. Market Trading Map” painted EEM bars in red (sell) – see area ‘A’ in the chart. The first dominant feature on the chart is the rising trend line starting in early 2016. The second dominant feature of the chart is the downtrend starting in early 2018, which represents the digestion period. The early June selloff…Click here to read more.
You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.
This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?
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