With reference to an earlier public post showing the EEM breakout today, you may recall that I use EMF for Emerging Market investment and TDF for China/Asia. Both are managed by Marc Mobius of Templeton.
EMF especially looks good with a trend line break above the 50 day SMA. TDF is also making a move.
This got me to pull a comparison of the EEM vs. SPY and darned if EEM-SPY is not on a significant bounce.
At the very least there may be a global (and in particular global emerging and Asia) phase of out performance vs. the US.
Just more food for thought on an Update-intensive Wednesday.
