Courtesy of Chris Kimble. Is Santa Claus bringing good cheer to the Emerging markets complex this year?
The chart below reflects that BRIC ETF’s/Emerging markets are reflecting relative strength compared to the S&P 500 over the past 60 days.
The 4-pack below reflects that key global markets are attempting to break above multi-year resistance levels!
The U.S. markets might be in limbo or driven by news events related to the “Fiscal Cliff” of late, yet when looking at key global markets one can’t help but notice they are attempting to break above key levels they have struggled with for several years!
It has NOT PAID to have much exposure to the BRIC/Emerging markets over the past couple of years, as they have performed poorly compared to the S&P 500 index. Should these key global markets push further above these resistance lines, odds increase further buyers will come forward.
Philip R. Davis is a founder of Phil's Stock World (www.philstockworld.com), a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders. Mr. Davis is a serial entrepreneur, having founded software company Accu-Title, a real estate title insurance software solution, and is also the President of the Delphi Consulting Corp., an M&A consulting firm that helps large and small companies obtain funding and close deals. He was also the founder of Accu-Search, a property data corporation that was sold to DataTrace in 2004 and Personality Plus, a precursor to eHarmony.com. Phil was a former editor of a UMass/Amherst humor magazine and it shows in his writing -- which is filled with colorful commentary along with very specific ideas on stock option purchases (Phil rarely holds actual stocks). Visit: Phil's Stock World (www.philstockworld.com)
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