Preface to all ETF Posts: I am composing this on Thursday afternoon, so the charts will be up-to-date as of then. I wanted to make some general comments about specific ETF groupings, principally to give me a little time to not have to worry about creating new content for you good people in the near-term.
Let’s start off with the EEM, the emerging markets, which has completed a terrific right triangle pattern. Unlike our own embarrassingly-manipulated U.S. “markets”, the emerging markets still have traces of their organic nature, and thus they peaked many months ago. There is nothing hold these things up anymore. Nothing.(more…)