• 58 mins Is The $3.5 Trillion Healthcare Industry About To Get Much More Transparent?
  • 19 hours Gamblers Are Betting Big On Trump’s Impeachment
  • 1 day Even Banks Can't Answer Aramco's Trillion Dollar Question
  • 2 days Will Bezos Buy The Seattle Seahawks?
  • 2 days 6 Tech Trends Transforming The Travel Industry
  • 3 days Ousted Uber CEO Cashes Out $500 Million In Stock
  • 3 days Trump Prepares For Another Key Tariff Decision
  • 3 days The Free Money Bubble Is About To Burst
  • 4 days The Crushing Reality Of Poverty In America
  • 4 days Should You Buy Into The World’s Largest IPO?
  • 4 days The Infinite Possibilities Of Cosmic Energy
  • 5 days Analysts Link Walking To Economic Growth
  • 6 days Will Japan Turn Its Back On The Aramco IPO?
  • 7 days Global Debt Soars To $188 Trillion
  • 7 days The World's Largest Gold Miners Are Getting Creative
  • 8 days Twitter: The Saudi Spy Tool To Bring Down Dissidents
  • 8 days Broad Commodity Funds Don’t Give Enough Exposure To Gold
  • 9 days Here We Go Again: Another Giant Telecoms Mega-Merger
  • 9 days World's Largest Gold Miner Sees Profits Triple
  • 10 days Microsoft Japan Trials 4 Day Work Weeks, Productivity Soars By 40%
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Ed Carlson

Ed Carlson

Ed Carlson, author of George Lindsay and the Art of Technical Analysis, and his new book, George Lindsay's An Aid to Timing is an independent…

Contact Author

  1. Home
  2. Markets
  3. Other

Submerging Markets

This week's commentary takes a look at emerging markets but first a review of the most recent Hybrid Lindsay forecast for the Dow Industrials index.

The July 14 commentary mentioned the official forecast for a low in the period July 24-31 but also explained why "a tradable low is very close". Indeed, last week's low was seen that day. The next forecast-high generated by the Hybrid Lindsay model is expected late in the week of August 10 or early during the week of August 17.

The MSCI Emerging Markets index can be traded via the ETF, EEM. Other than a brief respite last spring, emerging markets have been suffering from a rising value in the US Dollar since late 2014. A cycle low is expected this week and is confirmed by a positive divergence in the daily Coppock Curve. Longer term however, things don't look too good for emerging markets. As mentioned in my July 21 commentary, the Dollar still has strong upside potential despite what might happen in the near-term. Remember, a soaring U.S. currency triggered debt defaults in Latin America in the 1980s. A decade later, the dollar's appreciation forced Asian countries to drop their peg to the greenback, throwing the region into crisis. EEM has triggered a symmetrical triangle on the monthly chart which measures a minimum decline to 24.00 - a 35% drop from last Friday.

iShares Chart
Larger Image

 


Take a trial subscription of SeattleTA research by clicking here.

 

Back to homepage

Leave a comment

Leave a comment