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Emerging Markets

  1. Emerging Market Stocks Look Vulnerable

    Seeking Alpha - Forex 03.28 / 12:12 seekingalpha.com
    This Great Graphic from Bloomberg is a weekly bar chart of MSCI Emerging Market Equity Index. In H2 15 and H1 16, it carved out a head-and-shoulders bottom that we identify on the chart. We also drew in the neckline and noted the minimum objective of the inverse head-and-shoulders pattern. The index has risen 12.25% in Q1 17 to approach the objective. Technical indicators also suggest scope for a correction. The Slow Stochastics have turned down. The MACDs are about to cross lower. A…