Emerging markets have stopped submerging

Back on May 22nd, I noted on this blog that if the iShares Emerging Markets ETF (EEM-US) cracked $35.50, it would be a bullish chart. This neckline was recently broken – completing a bottom head and shoulders pattern for the Emerging Markets Index ETF.

Old support at around $38 will create a level of resistance, followed but the old ceiling of around $44. These are solidly attainable targets for this ETF.

EEM

You can also see that the iShares Emerging Markets Bond ETF (EMB) broke out nicely from a 3 year base. The history on this ETF goes back to 2008, and there is no overhead resistance (old highs or consolidations) ahead of the current share price that might inspire pause in the current price trajectory.

emb

 

At this point, it would appear that all systems are go for the Emerging Markets stock and bond indices, and their respective ETF’s. I covered this sector and others, in a special video presentation for Canadian MoneySaver Magazine called “Fallen Angels”. I posted the video on this blog about a month ago.

 

 

Join Keith Richards and other leading investment and trading experts at The MoneyShow Toronto, September 16-17, at the Metro Toronto Convention Centre. Keith will be speaking on Friday Sept 16th at 12:45

 

Keith’s topic: Have your cake and eat it too: Playing the risk/reward trade-off.

 

Yes, it’s still a bull market. No, it’s not going to be a simple buy-and-hold ride. The good news is, this type of environment is what investors familiar with technical analysis thrive in! Attend this seminar and learn how to think and act like a technical analyst by understanding the basics of market realities – and how to position your portfolio to limit your risk in the current investment environment.

Designed specifically for investors and traders looking to create a profitable investment strategy, this free conference features over 50 eminent economists, top-performing money-managers, and successful professional traders who will share their wisdom and experience with you.

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keith photo 09 09Don’t miss this opportunity to deepen your understanding of specific investment or trading topics by discovering the insights, strategies, tools, forecasts, and specific recommendations that can turn investment potential into profitable success!

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4 Comments

  • Any seminars/conferences coming up in Calgary or Edmonton in near future?

    Reply
    • I’m always happy to do a presentation for a group–for example–i do a CSTA conference-call talk in Edmonton once a year–you could contact the local chapter and tell them you want to attend their meeting next time they have me on it —its a phoned in conference with an open line for questions, and a powerpoint presentation with my charts. They put up a projector, show my presentation and I just do my talk while they move through the slides. the line is on speakerphone so i can address questions during and after the talk.

      Reply
        • Actually-I had a brain freeze when I answered you-the annual talk I do is actually for Winnipeg–my mistake, but I am a speaker on the CSTA list so you can still contact the local CSTA chapter and ask them if they would arrange a date for their group to hear me speak–they can contact me to arrange–thanks

          Reply

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