Category Archives: ETFs

Emerging From Downtrend?

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Do you have a blog? No? Count yourself lucky these days. Trying to make this market interesting is like trying to make Janet Yellen physically enticing. It’s damned near impossible. Day after day, the S&P 500 is up a few hundreds of a percent. Weekdays are little different than weekends in terms of market volatility, which is hovering around nil.

Yet the show must go on, so here’s something moving a tiny bit – emerging markets. It has pushed to new recent highs, which in itself doesn’t seem that interesting…..

0807-EEMCLOSE

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Fading Brazil

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Interesting morning so far – – gold is getting its shiny bottom kicked, and equities are (as usual) drifting higher. I came into the day short Brazil by way of EWZ, and unlike US markets, Brazil is actually slipping right now. Of particular interest to me, besides the enormous multi-year drift down, is this highlighted pattern……..

0804-EWZ

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