On Friday China cut rates causing a rally in emerging market bonds and equities. EEM, the iShares MSCI Emerging Markets ETF, jumped 3.2%.
While the ETF has been in existence for only 11 years, it has a good track record of gains over the next few months.
The weekly chart of EEM shows stochastics coming off an oversold condition. The last 4 times it did this the ETF logged gains of 34%, 24%, 21%, and 24%.
Today's Seasonal Forecaster focuses on additional details about the ETF and looks at the trade possibilities for this setup.
Of course, there's much more you need to know and many more stocks you can capitalize upon each and every day. To find out more, please click on the following link: www.markettamer.com/seasonal
By Gregg Harris, MarketTamer Chief Technical Strategist
Copyright (C) 2014 Stock & Options Training LLC
Unless indicated otherwise, at the time of this writing, the author has no positions in any of the above-mentioned securities.
Gregg Harris is the Chief Technical Strategist at MarketTamer.com with extensive experience in the financial sector.
Gregg started out as an Engineer and brings a rigorous thinking to his financial research. Gregg's passion for finance resulted in the creation of a real-time quote system and his work has been featured nationally in publications, such as the Investment Guide magazine.
As an avid researcher, Gregg concentrates on leveraging what institutional and big money players are doing to move the market and create seasonal trend patterns. Using custom research tools, Gregg identifies stocks that are optimal for stock and options traders to exploit these trends and find the tailwinds that can propel stocks to levels that are hidden to the average trader.
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