EEM trade ideas
Daily EEM forecast timing analysis by Supply-Demand strength19-Jun
Stock investing strategies AMEX:EEM
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: In the midst of an upward trend of strong upward momentum stock price flow marked by the temporary falls and strong rises.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
View a Chart with Supply-Demand(S&D) strength forecast: www.pretiming.com
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 1.0% (HIGH) ~ 0.5% (LOW), 0.9% (CLOSE)
%AVG in case of rising: 0.9% (HIGH) ~ -0.2% (LOW), 0.7% (CLOSE)
%AVG in case of falling: 0.2% (HIGH) ~ -0.9% (LOW), -0.5% (CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
EEM - Short - $40 targetEEM which can be thought as "Emerging Markets" looks fucked to me.
Short this.
Baring a sudden trade deal this week (unlikely), EEM could see sub $40.
The puts I purchased last week have already doubled in value. :)
From a TA standpoint, let's review.
Price is below the green line (bearish) but bounced off support in the last 10 minutes of the trading day.
Thank you algo panic buying.
The price could also find support at the .618 line or $40.62 but the .786 price of $39.47 lines up rather neatly with the supporting trend line.
Time frame: end of the month, possibly by 5/17.
EEM ETF: Lower long term Buy opportunity.The iShares MSCI Emerging Markets ETF (EEM) is on bearish 1W price action (RSI = 41.481, Highs/Lows = -1.8644), repeating a pattern last seen in April 2011 - May 2012. During that period the price was rejected at 44.90, crossed below the MA50 and MA200 and found support just over the 0.786 Fibonacci level before recovering 100%.
We expect a similar price behavior today as the price was rejected at 44.85 and has already crossed below the MA50. The crossing below the MA200 remains and the rebound above the 0.786 Fibonacci retracement level, which puts the support around 39.50 - 39.60. Our target is 44.80.
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Watch EEM for a risk on move globally3/May/2019 09:18 PM
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If global markets are going to continue rallying, EEM will likely push to the past highs. With IWM breaking out I would think to look to EEM as well and see how it is holding up.
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I wouldn't be surprised if EEM is just made up of Chinese internet companies though.
Good news out of China, EEM Should be Up TodayEEM is mostly made up Chinese A-shares meaning this ETF is primarily dependent upon data coming out of China. Recent data is quite promising while the US-China trade war negotiations continue to show positive developments. Exports data coming out of China is positive this morning, moreover the US will not keep on putting pressure on China politically according to Bloomberg. Also, data suggests the trade surplus increases while credit growth beats estimates. Could see 3 to 6 percent increase in Shanghai on Monday if all else is equal.
Bottom line is EEM could be up maybe 1 percent today given the positive news and sentiment coming out of the Middle Kingdom.