German, Euro and Emerging Market Headwinds

As early polling results on Sunday show that, although Chancellor Angela Merkel has been elected for a fourth term, her party has lost ground to the far right, and a coalition government will need to be formed amid much discussion over, what could take, months. The German DAX Index is near long-term uptrend resistance, as shown on the following Monthly […]
Slope of Hope

Big Breakout to New Highs in Emerging Markets EEM

If you’re only watching the US Indexes like the S&P 500, you may have missed Wednesday’s and Thursday’s bullish breakout in Emerging Markets (ETF symbol EEM).

Let’s take a look and see what’s happening in this lesser-watched market:

EEM Emerging Markets

While the S&P 500 trades just beneath its all time high – and the US Dow Jones Index did push to a new all-time high – shares of the Emerging Markets ETF (EEM) pushed through the $ 42.00 per share barrier to a new multi-month high.

The last four trading sessions have been resoundingly bullish on higher volume and momentum.

Price broke through the upper boundary of a sideways rectangle at the $ 42.00 pivot.

The uptrend continues with shares of the ETF breaking out.

Continue following this development and relative strength in action.

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to

Follow Corey on Twitter:

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”

Afraid to Blog