Emerging markets have been moving within a very large symmetrical triangle since 2011. The top of the triangle lies somewhere around $42 on the iShares Emerging Markets ETF chart (EEM). The lower part of the triangle lies around $38 at this point. A breakout from either of those levels (up through $42, or down through $38) would be significant. Given the negative sentiment on these markets of late, the contrarian in me makes me wonder if we will see a return to, and possibly a break, of the upper limits of the triangle formation. That remains to be seen – I wouldn’t recommend trading this sector until such a breakout occurs. Conversely, a breakdown through $38 would imply a shorting opportunity.
Keith’s speaking engagements
We are now publishing my upcoming BNN television appearances, and speaking engagements on a separate page of this blogsite. Visit the “Television & Speaking Appearances” tab on the homepage. Or, visit the homepage at www.valuetrend.ca for updated appearances.
I will be speaking in Cambridge and Guelph in late April and early May. You are invited to attend either of these free presentations where I will be covering technical analysis techniques taught in my book, Sideways. I will also be speaking about developing trends for markets and sectors in 2014. Details are available on the tab mentioned above.
I am also doing a presentation via teleconference for the Winnipeg Chapter of The Canadian Society of Technical Analysts Anhang Room, 2nd Fl., Winnipeg Millenium Library Wednesday April 2, 2014. For further information call Allen Hosey 453-3241 or email [email protected]
If you have a group of 20 or more individuals interested in booking Keith to speak on investment planning or technical analysis, please contact Cindy McIntyre at [email protected]