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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (52389)6/27/2013 10:51:53 AM
From: ItsAllCyclical  Read Replies (1) | Respond to of 224410
 
In order of breakdown and response to liquidity it would seem the following order applies (gold, EEM, SPX).

Looking at the weekly chart of EEM and the fundamental reasons (lower commodity prices, reduced global trade, China applying tighter lending standards, FED talking of QE reduction. further EU slowdown), EEM seems next to breakdown. Looks like a little more up ST and then maybe a good entry point. Do you trade or track this sector?

Looks like it could target 32-30 area over the next 6 months. More certainly possible, but as always depends on our overlords at the central banks.

Gold is leading, but also should be the first one out of the gate on the way up and SPX will be the last to truly breakdown.