money · Stocks International Markets · 2018-08-14 · Thomas Ott

~1 min read

The Emerging Markets have been slowing up a lot lately. The weekly charts shows them peaking around the start of 2018 and slowly giving back gains.

EEM Weekly

It's always a concern when a stock trades below the 50DMA on the weekly chart and it's a freaking 5 alarm fire when there's a 'death cross' on the daily.

EEM Daily

Sure looks like the daily action on EEM is very bearish. Stay away unless you like a drawn out short.