EEM trade ideas
More upside?This is an interesting play. From a technical standpoint, we have completed a double bottom. The breakout point is at 36.41.
Soros, Druckenmiller, and Tudor all holding this ETF long. You can check it in the last 13f filing.
From a fundamental stand point, the streets view is that the recent rise of anti-globalization is no good for the emerging markets as it restricts global trade. In addition, Trumps fiscal polices may have the Fed hiking interest rates making US more attractive from a yield stand-point.
EEM/SPY vs EUR IntermarketThere's a decent correlation between EM currencies and the Euro. Whilst EM equities take a cue from their currencies. Hence, this chart might appear unrelated at first, but the EEM/SPY ratio might yield clues on the euro...
EEM - 2hrMiss the run up on SPY and IWM? Here's a another suggestion. I'm expecting a bullish run into Q1FY17. These are arithmetic fibs, so my targets will likely be adjusted higher when I get my spreadsheet with log-fibs open.
I'm not sure about the timing, but here's a stupid aggressive trade idea...
Short (sell) some puts, say Mar (Q) or Apr (EOM), at 32 or 33 strike. Long (buy) some calls, same expiration, ATM or perhaps as high as the 76.4% extension. This extremely leveraged position would be taken as a lotto...with $$$ you can afford to lose. You'd keep the premium as long as EEM stays over your put strike, which it clearly should if this analysis is correct. This analysis is incorrect under 34.14, and a new set-up would need to form. Could be a deeper 2 of (3), or something much worse.
I currently have no position in EEM.
Short EEMBy extension of the reconvergence trade between EEM & HG_F, it's now worth looking at EEM vs DXY (inverted). If this dollar break-out ensues, it bodes rather negatively for EEM. One could reasonably argue the case to be short EEM on this basis.
Great entry point for EM EquitiesSince the beginning of the year, EM Equities have been really strong. The resistance of $35 has been broken and is now showing a great buying opportunity until the end of the year. Elections in the US are key over the next few days. If Clinton wins, markets will rally and EM will go up
Break Out Pull Back SetupBreakout Pull back level. Its possible to get in now and ride it higher because there is decent institutional buying here.
EEMISHARES MSCI EEM facing some resistance near 39 if not clear then may fall to 30 level which also drag all the emerging mkts.
EEM long, with upcoming Sell targetsit appears like the Emerging Market is making a comeback this year. Some upcoming sell Targets for Eem.
Will you Emerge or will you sink again?$EEM had a nice spike from the lows.
- So far it looks the swing up action was only enough to retest the broken bullish trendline and Kijun Sen.
- Ichimoku setup is still neutral, with bearish bias on forward Kumo.
- Price is close to a strong resistance at 33,40+
- haDelta/SMA3 crossed down (but it is above zero line)
- EWO is still slightly bearish
The big picture is neutral. What you have to consider is that Emerging Market stocks were leading the recovery rally from the Jan-Febr lows. If markets in general are, or will be really bullish, I think $EEM should take the leadership again. Will it be the case? 33,40-34,00 zone and Price action here will soon tell us. :-)
Note: I had this idea about long EEM , but I started to doubt it will be able to continue bullish. Anyway, don't listen to me, I may be wrong at any time. Listen to the chart setup, that is correctly showing the truth most of the times!
