Friday, August 24, 2018 3:34:54 AM
The only EM index that's still hanging on is Bombay. The chart of $BSE is the only one still rising but India is just 9% of the MSCI EMI. Only 1 Indian company in the top 10 holdings, Reliance Industries, and it comprises less than 1% of the index.
57% of the fund is China, South Korea and Taiwan. Stick a fork in all three of them, they're done. Number 1 position is TenCent Holdings, just under 5% of the index.
EDZ chart as bullish as it gets off the January low at 33.30. Bounced nicely off the 9-week MA this week.
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