The Average Investor's Blog

A software developer view on the markets

Emerging Markets Turn Bullish

Posted by The Average Investor on Jul 13, 2010

As of the Friday close, EEM (the emerging markets ETF) is above its 20-week moving average. It’s time to open a position. I will use the price at the Monday’s open, $39.81, to track this (imaginary) trade.

Emerging Markets ETF (EEM)

Using the 20-week EMA is not random, in fact, it’s my favorite. More on that however – in another post, hopefully sooner than later.

Hope you also like the white charts better …

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One Response to “Emerging Markets Turn Bullish”

  1. […] a comment Go to comments Last week the Emerging Markets (EEM) was a buy with respect to its 20-week moving average, but the choppy week ending on a deep plunge triggered a sell. Using Monday’s prices at the […]

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