Emerging Markets A Long Idea: Technically Oversold In An Uptrend$EEM fall through support, but is #bullish still. $EDC $EDZ $STUDY #trading
EEM trade ideas
200617 - the day China enters into Emerging Market Index - EEMLook at the vertical red line which coincides with the breakout of the price at 61.8 FIB level. Thereafter, the train has not stopped at all, charging at bullet speed all the way to the 78.6 FIB level now.
The RSI display a high of 76.6, sign of overbought and a cool down is needed. The peak at the weekly chart is 55.74 which is fairly limited from the current price of 47.71. See the day chart for more details
EEM and the 7 dwarfsLook at the 7 dwarfs that is highlighted in aqua bubble. Price went below the 21EMA but touches the black ascending trend line and rebounded, not once but 7 times. It is at its peak once more, will it retrace and rebound OR is it time to head south ?
A look at the top 10 stocks in the EEM are in China with big names like Tencent, Baidu, Alibaba,Ping An Insurance, etc and these are the stocks that are making new high and appearing on media ever so often.
Like to hear some comments.
EEM bullishMy recent plan has been to buy QQQ & EEM below the 50 and ride the "BTFD" rally.
I was totally distracted (by marijuana stocks, and by my new infant) and missed this last dip below the 50. I missed out on a big rally day, but I after reviewing it, I decided to chase (bought two days ago, 11/16).
- Day 1 of a new "20-30 day cycle", it should rally for at least 5 days, probably 10
- Month-long sideways consolidation builds energy for further advance
- Break RSI trendline and (today) breaking out to new highs.
- I believe central banks and governments are committed to supporting equity prices. For better or worse.
- Previous times it pierced the 50 and recovered, gains and momentum were substantial.
Adding to my EDC position today, now that we are making "higher highs", RSI still has room to run before overbought.
I am hoping for it to tag the top of the purple channel, but am prepared to sell if it drops below the 10dma.
I understand it looks easier to just "buy & hold" for a year or two, but I don't believe in this economy. I refuse to get caught in the next 2008-style collapse, and will commit to trading and reading the charts on a daily basis. Even if I totally fail at it, responsibility will be completely mine.
$EEM Bouncing Off the 50 MA and LT Trend Line #EEM$EEM Bouncing Off the 50 MA and LT Trend Line #EEM - Nice time to add
Emerging market equities, due for a shakeup soon?rising wedge + negative momentum divergence...watch out from below.
Buying QQQ & Emerging MarketsI closed my last trade on Oct 20 and caught the top. I have been waiting for EEM to drop to the 50 or overshoot for a heavy buy.
It has bounced without tagging the 50ma, and same goes for the NASDAQ. I believe this is a sign of strength. Perhaps stocks around the world are entering the parabolic phase of the bubble.
I, for one, am starting to feel "left out", and I imagine the same of many other retail investors.
Buying EDC here. Stop below yesterday's low. Looking for a tag of the upper channel line over the next few weeks.
EEM: The Redhot Emerging Market: Waiting for an entrypoint.A potential Cup and Handle pattern. Entry possible at completion of handle.
EEM to test lower bound of upward trend.Expect lower bound of upward trend to be tested next week. A bounce would be a great entry for long position, a breach would be a short.
Watch px action and get ready for short if fails at 45 key levelIf EEM failes to recapture bullish trend above 45, then it will suffer serious damage. Also if USD gets stronger (I think this is quite likely), that could put more pressure on Emerging Markets.
Watch price action here. Keep your eyes on haDelta+ and haOscillator! These will tell you first if bulls can't gain momentum.
Wait for confirmation and get ready for short.
Waiting on EEM directionCurrently sitting on support. A move above the 50 day and we buy calls. A break below upward trend and we buy puts.
Bullish on EEM9/15/17 $42.00 Calls bought for $1.87, 11,025 contracts for a total of $2,061,680.00. Somebody is bullish on EEM.
EEM/VTI montly - time for emerging market - 7/26/2017The ratio bottomed and now is meaningfully turning up.
