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EEM Outlook: Market Reversal Ahead?

By Petros SteriotisETFsNov 02, 2014 01:16AM ET
www.investing.com/analysis/eem-outlook:-market-reversal-ahead-231013
EEM Outlook: Market Reversal Ahead?
By Petros Steriotis   |  Nov 02, 2014 01:16AM ET
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The Emerging Markets ETF (iShares MSCI Emerging Markets (ARCA:EEM)) had a second upweek in a row after a long time, getting above its 200-day MA again, which is very positive. A close above 43,50 may signal the start of the market reversal.

EEM ETF, daily chart

EEM-ETF
EEM-ETF

Among individual emerging market indices, China’s Shanghai Composite and India’s CNX-100 have a nice technical picture, while Russia’s RTSI and Brazil’s Bovespa lag, but rebounded nicely in the last few days.

China SHANGHAI COMPOSITE Index, daily chart:

Shanghai Composite
Shanghai Composite

India CNX-100 Index, daily chart:

CNX 100
CNX 100

Russia RTSI Index, daily chart:

RTSI
RTSI

Brazil BOVESPA Index, daily chart:

Bovespa
Bovespa

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EEM Outlook: Market Reversal Ahead?
 

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EEM Outlook: Market Reversal Ahead?

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