EEM trade ideas
$EEM continues to surge in strong "Go" trendIn our Flight Path newsletter on Monday morning, we noted slight oscillator divergence and the appearance of a stronger dollar may see EEM pull back slightly. Having said that, we reminded readers that the chart in the big picture is clearly bullish! The pull back didn’t happen this week as $EEM quickly moved higher. The “Go” trend is still in place and the Oscillator is still at elevated levels.
Emerging markets are the place to be... EEM (breakout coming)Hey all, this is the monthly chart of the EEM. A potential breakout is about to happen. New ATHs!! Park your money (maybe soon) in this emerging market ETF; set it and forget it!!
2021 comparison: Emerging, USA, China, Europe, Japan & Australia2021 comparison of global markets
EEM: Emerging - green
FXI: China - orange
EWJ: Japan - blue
EFA: Europe - purple
EWA: Australia - yellow
VTI: USA = red
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
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EEM will outperform SPX?It s been a 10 year downward trend. And Emerging markets has been underperforming vs SPX.
Is it the time to change the course?
EEM emergingMajor resistance since 2008 has officially broken.
This aligns with my previous China predictions
###NOT FINANCIAL ADVICE###
EEM top: contrarian tradeThe emerging markets have had a good bullish run since November with the rest of the market and it was supported by some heavy call flow recently. Now that the 53 Fib target has been achieved, I think it is time for the overall markets to consolidate or even take a leg down to cool off. I think a retest of 50 or lower is not out of the question. The maximum upside target is 55 from here, but it can kiss that only on the back of some really good news (not sure what that will be at the moment). So my money is on the downside for EEM. And given the volatility is relatively low, could be good opportunity for some cheap backratios. And consider it as a hedge against any long positions you are currently holding as well.
IRON TARIHi guys!
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Enjoy your wallet!
Tari.
Long term breakout in emerging markets incoming?The emerging markets ETF $EEM has been in a wide range consolidation for the last 13 years. A breakout above $55.83 could set up for a longer term move higher!
EEM MonthlyEEM MONTHLY, Looking like it wants to break out. Keep an eye on the dollar. A snapback in the US dollar could cause a consolidation or pullback in the emerging markets.
$EEM: Interesting indicator, flashing caution by mid DecemberEmerging markets are flashing an interesting signal here, the weekly trend is up, and strongly, but will expire its current advance by the week ending on Dec 18. If we get some kind of unexpected issue before COVID vaccines are widely available, we could get some kind of correction here perhaps. Alternatively, we get a sideways consolidation and the markets keep rallying until vaccines roll out, by March give or take. This is what many charts seem to indicate. Definitely vital to monitor the action here and be ready to react once we get confirmation of one or the other.
Cheers,
Ivan Labrie.
Decision time coming upWe broke out the neckline of an (albeit stretched) inverse head&shoulders pattern. Big resistance coming up. I'd go long if resistance is broken and support retested & confirmed
Cup and HandleLarge effective volume over the last few weeks. Effective volume is calculated on the 1 minute time frame
Small gap not far under price
NV and OBV show interest
Just an observation
Top 10 Holdings
BABA - Alibaba Group Holding Ltd ADR8.70%
Tencent Holdings Ltd6.65%
Taiwan Semiconductor Manufacturing Co Ltd5.66%
Samsung Electronics Co Ltd3.62%
Meituan2.02%
NPN - Naspers Ltd Class N1.29%
Reliance Industries Ltd1.20%
JD - JD.com Inc ADR1.06%
China Construction Bank Corp Class H1.01%
Ping An Insurance (Group) Co. of China Ltd Class H0.93%
EEM - Near yearly highs- The ETF has is closed to breaking the high of 2020 which should then open 52.50 as a target.
- Below 45.00 triggers a DBL top short position.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
AMEX:EEM
Buy puts at Resistance.I will aim to buy puts at the 46.00 weekly resistance level and exit around the 45.55 daily support level. My stop loss will be slightly above the 46.00 weekly resistance level.
LETS GET IT.
